Private Companies invest N500bn in Nigeria’s automobile sector

Private Companies invest N500bn in Nigeria’s automobile sector

The National Automotive Design and Development Council in Nigeria (NADDC) says that private companies have invested Five Hundred Billion Naira (N500 billion) in Nigeria’s automotive sector to set up assemble plants.

 
The Director-General and Chief Executive Officer of the NADDC, Mr Jelani Aliyu, who noted this at its 1st NADDC quiz competition 2021 in Abuja, said part of the money will be used in setting up related factories for production and assembly of vehicles.

 
 “It is the role of the NADDC to help develop the automotive sector in terms of promotion of vehicles, transformation of technology and skills-upgrading.

 
“The council partnered with relevant authorities to get schools with the highest scores in the previous examination within the Federal Capital Territory (FCT).

 
 
 “The earlier we engage and support young Nigerians in primary and secondary schools to further understand automotive world and technology, the better we make the good decision to go into that field and study automotive engineering or design management.

 
“We believe that this is crucial to begin to get the students thinking and reading more about it and boost that type of learning in schools, so that they can choose a course in the automotive sector and add value to that industry and for the nation,” said Aliyu.

 
Schools which participated in the quiz competition include the Government Secondary School, Kuje; School of the Gifted, Gwagwalada; Pace Setters Academy, and Faith Academy in Abuja.

 
Government Secondary School, Kuje won the first place and first prize in the competition, while School of the Gifted got the second position; Pace Setters academy came in third, while Faith Academy got the fourth place.

 
One of the students, Sanusi Mohammed from Government Secondary School, Kuje, lauded the NADDC for the competition.

 
“The competition has increased my knowledge in the automotive line of learning,” he added.

Private Companies invest N500bn in Nigeria’s automobile sector

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