The framework is expected to address long-standing gaps in automotive industry data.
Mr Osanipin said the buses would be sourced from local assemblers to strengthen domestic manufacturing and boost growth in Nigeria’s automotive sector.
Mr Osanipin said that while the NAIDP currently exists as a policy framework, it must be strengthened through an act of parliament to give investors confidence.
“If new vehicles must meet international standards, what about used vehicles coming into the country?” stated the NADDC director-general.
NADDC says Nigeria spends approximately $19 million annually importing motorcycle spare parts.
He said that the move would help in addressing some major challenges in the country’s automobile industry.
“The country spends over $1 billion each year on imported spare parts,” the NADDC’s DG said.
NADDC director-general Joseph Osanipin said this Thursday at the Nigeria Automotive Industry Stakeholders Conference in Abuja.
“Investors see Nigeria’s large and growing youth population as a prime opportunity.’’
According to the minister, President Bola Tinubu-led administration is keen at driving industrialisation in the country.
