The Federal Government has expressed its readiness to support the local production of automobiles in Nigeria.
The Attorney General of the Federation and Minister of Justice Abubakar Malami, who made this known at the launch of an Automotive design challenge in Abuja, said production of mini tractors would make agriculture farming easier and also boost yield.
He noted that crafting variety of automobile in Nigeria would further reduce the cost of importing used vehicles.
According to Malami, the Federal Government would readily provide the necessary legal framework aimed at supporting and boosting Nigeria’s automotive industry.
The minister further affirmed that the automotive design challenge would afford Nigerian youths the opportunity to showcase their creativity in the design concept relating to automobile.
For his part, the Deputy Governor of Ondo state, Agboola Ajayi lauded the federal government policy on the ban of importation through the closure of the country’s land borders, while urging the government to create an enabling environment that would attract investors to the automotive industry.
He further called on the Central Bank of Nigeria to provide automobile companies easy access to funds to enable them create more designs as well as speed boats.
The challenge is aimed at discovering and promoting automotive design capabilities in Nigeria.
Apart from giving talented Nigerians the opportunity to showcase their abilities in the automotive sector, the challenge will also open up opportunities for Nigerians from 18 – 40 years of age to contribute towards the actualization of innovative transportation solutions.