The Nigerian government announced last week that it has established a new 2023–2033 National Automotive Industry Development Plan (NADIP). Otunba Adeniyi Adebayo, the nation’s trade minister, made this declaration after the Federal Executive Council meeting on May 10, 2023.
Adebayo claims that the policy is intended to enable an exponential rise in local vehicle production, achieve 40% local content and 30% locally produced electric vehicles, create one million jobs, force the government and businesses with government contracts to buy locally produced vehicles, and advance research, development, and technology transfer.
