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LequteMan
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The Muhammadu Buhari-led administration has announced that it will endorse the automotive policy which was introduced in 2013 by the Goodluck Jonathan administration.
There had been speculations that the programme might be discontinued.
Government would however review the policy in order to set an effective implementation framework and incorporate a number of suggestions offered by local automakers and other stakeholders, Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, said on Monday.
“We are working with the stakeholders to achieve results. Going forward, government will come up with responses to the issues that were raised by the stakeholders in the forum. We will review the existing policy in line with all the issues raised at the forum," he said.
On the issue of rising cost, the minister said the government was working on several initiatives aimed at creating the right operating environment. He added that there would be increased tax incentives to boost the market.
“Government is working on engaging banks and other financiers to act as technical partners both in Nigeria and outside Nigeria to provide funding for operators. Nigeria will also leverage technology to fight smuggling of used cars across the border,” he stated.
He spoke in Lagos at a one-day stakeholders’ forum on the Nigerian automotive policy.
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There had been speculations that the programme might be discontinued.
Government would however review the policy in order to set an effective implementation framework and incorporate a number of suggestions offered by local automakers and other stakeholders, Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, said on Monday.
“We are working with the stakeholders to achieve results. Going forward, government will come up with responses to the issues that were raised by the stakeholders in the forum. We will review the existing policy in line with all the issues raised at the forum," he said.
On the issue of rising cost, the minister said the government was working on several initiatives aimed at creating the right operating environment. He added that there would be increased tax incentives to boost the market.
“Government is working on engaging banks and other financiers to act as technical partners both in Nigeria and outside Nigeria to provide funding for operators. Nigeria will also leverage technology to fight smuggling of used cars across the border,” he stated.
He spoke in Lagos at a one-day stakeholders’ forum on the Nigerian automotive policy.
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