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25 October 2019

Introduction of Electric Vehicles into Nigeria will Speedily Transform the Economy – DG

The Federal Government has assured that the introduction of electric vehicles into Nigeria would rapidly transform the nation’s economy

The Director-General of the National Automotive Design and Development Council (NADDC), Mr. Jelani Aliyu, gave the assurance at the 2019 Commerce And Industry Correspondents Association Of Nigeria( CICAN) Conference, held in Abuja.

Aliyu said Nigeria needs to begin to join other developed economies in tapping into the opportunities embedded in technological advancement in the area of electrification of vehicles, adding that Nigeria must not be left behind in the production and use of new energy vehicles.

”New technology is everywhere and keep getting advanced, we have to embrace electric vehicles and electric vehicles is not for NEPA. so we can’t keep running away, we have no options and if we don’t, then we go back to donkeys and horses” he asserted.

The NADDC boss was convinced that the acceptance of the innovative use of low cost advanced technology electric vehicles will further reduce Nigeria’s over dependence on fuel-powered automobiles.

He however disclosed that measures are already in place to ensure the development of an electric vehicles policy to support the adoption of this technology in the nation’s automotive industry.

Recall that the D.G recently commended the University of Nigeria, Nsukka (UNN) for being the first institution to produce electric car in the country.

In her remarks, the Acting Registrar General, Lady Azuka Azinge restated the commitment of commission to the reform agenda of President Muhammadu Buhari’s Administration.

According to her, the Commission has embarked on several reform initiatives aimed at making Nigeria the preferred investment destination, part of which was to simplify business registration by streamlining its processes and procedures to encourage MSMEs formalize their businesses.

Azuka disclosed that a of total of 244,428 Business Names were registered during the implementation of the Business Incentive Strategy (BIS) under which cost of registration of business was reduced by 50%.

Speaking on the Amendment of the Companies and Allied Matters Act (CAMA) 1990, that is expected to enhance the Commission’s supervisory and regulatory powers, the CAC boss said the amendment which has been passed by both Houses of the National Assembly was awaiting presidential assent.

Earlier, in his welcome address, the CICAN Chairman, Mr. Fred Idehai, commended the Buhari administration for its effort in promoting diversification of the economy, a move which he noted had led to the country’s improvement in the World Bank ranking of the Ease of doing business.

He harped on the need for Nigeria to harness the opportunity created by the recently signed Africa Continental Free Trade Agreement ACFTA, to improve exports.

The conference which was well attended by representatives of agencies under the Ministry of Industry, Trade and Investment, was themed “Next Level Agenda: Unlocking The Under-utilized Potentials In The Non-Oil Sector; The Role Of MSMEs, Export, Standards and Skill Acquisition.”

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