The Federal Government, in a bid to ensure the
successful implementation of its recently
approved National Automotive Industry
Development Plan, said it would encourage local
auto manufacturers to produce less expensive
models with price range of between N1.2m and
N1.5m.
It also said it would collaborate with auto
manufacturers, franchise holders, reputable
motor dealers and selected banks to put in place
an all-inclusive domestic dealership network
through which a user-friendly vehicle purchase
scheme could be funded by the National
Automotive Council.
These are contained in a statement issued on
Sunday by the NAC and obtained by our
correspondent in Abuja.
The statement said, “Under market development,
the NAIDP anticipated that higher-end expensive
models will still be imported into the country in
the initial stage, but the new strategy is to
encourage local auto manufacturers to focus
primarily on lower-end less expensive models
with price range of between N1.2m and N1.5m;
which is affordable to the middle class, coupled
with other finance options.”
The statement added that the Minister of Industry,
Trade and Investment, Mr. Olusegun Aganga, had
constituted two committees to ensure seamless
implementation of the recently approved
automotive plan.
For more: http://www.iamnigeria.net/2013/12/
made-in-nigeria-vehicles-to-sell-for.html
successful implementation of its recently
approved National Automotive Industry
Development Plan, said it would encourage local
auto manufacturers to produce less expensive
models with price range of between N1.2m and
N1.5m.
It also said it would collaborate with auto
manufacturers, franchise holders, reputable
motor dealers and selected banks to put in place
an all-inclusive domestic dealership network
through which a user-friendly vehicle purchase
scheme could be funded by the National
Automotive Council.
These are contained in a statement issued on
Sunday by the NAC and obtained by our
correspondent in Abuja.
The statement said, “Under market development,
the NAIDP anticipated that higher-end expensive
models will still be imported into the country in
the initial stage, but the new strategy is to
encourage local auto manufacturers to focus
primarily on lower-end less expensive models
with price range of between N1.2m and N1.5m;
which is affordable to the middle class, coupled
with other finance options.”
The statement added that the Minister of Industry,
Trade and Investment, Mr. Olusegun Aganga, had
constituted two committees to ensure seamless
implementation of the recently approved
automotive plan.
For more: http://www.iamnigeria.net/2013/12/
made-in-nigeria-vehicles-to-sell-for.html
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