The National Automotive Design and Development Council, NADDC, is seeking legislative support for the National Automotive Industry Development Plan, NAIDP.
Director-General of NADDC, Mr Joseph Osanipin disclosed these efforts are aimed at ensuring policy stability within the automotive sector and attracting sustained, long-term investment into Nigeria’s automotive industry.
Osanipin at an interactive session with journalists in Abuja, where he emphasised the importance of legislative backing in creating a stable environment that fosters investor confidence and supports the growth of the sector, said that while the NAIDP currently exists as a policy framework, it must be strengthened through an Act of Parliament to give investors’ confidence.
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He said automotive manufacturing required huge capital outlay as establishing a functional auto manufacturing plant could cost between three and four billion dollars.
According to Osanipin, this scale of investment demands legal certainty beyond policy pronouncements.
He said that converting the NAIDP from a policy to legislation would ensure continuity, protect investments, and shield the sector from policy reversals.
He further said that discussions were ongoing with relevant stakeholders, including lawmakers and industry players to ensure its realisation.
The NADDC boss said the proposed legislation would institutionalise incentives, local content development, and standards enforcement across the value chain.
Osanipin described the move as critical to Nigeria’s ambition of building a sustainable and globally competitive automotive industry. NAN
