Nigeria’s government has long talked about diversifying its oil-dependent economy but it’s actions have not always matched the bluster.
Over the past few years, the automobile manufacturing industry has seemed like a plausible alternative. The hope is that it will help create thousands of jobs and draw large-scale investment from global car-makers, Nigeria’s government has been keen to tap into that potential.
To this end, the National Automotive Design and Development Council (NADDC) was set up in May 2014 after a merger of previous agencies. Much of NADDC’s work has been guided by an automotive policy approved in 2013. The policy mainly aims to boost local car production and reduce vehicle imports.