Punch Newspapers punchng.com 06 Aug, 2022 04:15 am

Multi-billion naira NADDC property rot away –Ex-agency boss

Multi-billion naira NADDC property rot away –Ex-agency boss
A former acting Director-General of the National Automotive Design and Development Council, Mr Luqman Mamudu, has revealed that multi-billion naira massive land and imported equipment acquired by the agency for auto industry projects in parts of the country have been abandoned.

Auto CEOs who spoke included: Olutobi Ajayi of Nord Motors, Taiwo Shittu of Lanre Shittu Motors, and Deputy Managing Director, CFAO Motors, Kunke Jaiyesimi, They said the current import duty of 10 per cent import duty for fully- built units (vehicles) and 10 per cent for Semi-Knocked Down vehicles were  discouraging local assembly of vehicles.“There is no way local assembly plants can compete with FBU vehicle importers at 10 per cent duty.They spoke at Auto CEOs Forum, an interactive session involving major players, Ministry of Industry Trade and Investment, heads of relevant government agencies such as Nigeria Customs Service, Bureau of Public Procurement and National Drug Law Enforcement Agency, National Bureau of Statistics, and National Automotive Design and Development Council.” Chairman of the National Drug Law Enforcement Agency, Brig Gen Buba Marwa, who spoke through Mr.

According to Mamudu, the FG invested billions of naira to acquire the huge land and import the needed equipment for industrial clusters in six major cities across the country to give the auto policy a sound footing.He debunked the insinuation the NADDC did not consult widely before the auto policy was put together, adding that for about six months the agency held meetings and with other agencies, relevant groups and auto players on the matter.

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