FG attracts $1bn investment into automotive industry FG attracts $1bn investment into automotive industry
• As Reps uncover multi-billion naira extra-budgetary expenditures by MDAs
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The Federal Government, on Wednesday, disclosed that it attracted over $1 billion investment into the automotive industry in the year 2019.
Director-General of National Automotive Design and Development Council (NADDC), Mr Jelani Aliyu, disclosed this at the opening of the two-day investigative hearing held at the instance of the Ad-hoc Committee into the financial budgetary approvals and multilateral donation on skills acquisition and related programs of Federal Government and its agencies, chaired by Hon Victor Akinjo.
He said: “We have the core responsibility of developing the automotive sector, that’s to encourage and promote the assembling and production of the vehicle in Nigeria as opposed to continued importation of them from overseas and exporting jobs and revenues outside of Nig
Automobile: FG recorded $1bn investment through Honda, Innoson, Dangote in 2019 — NADDC
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