FG Suspends Licence Issuance For Establishment of New Auto Assembly Plants

The Federal Government of Nigeria has suspended issuance of licence to new vehicle assembly plants, Aminu Jalal, the Director General of the National Automotive Design and Development Council (NADDC), stated on Friday.

 

Mr. Jalal said the action was to enable the council to consolidate the country’s vehicle assembly operations and concentrate on developing local content.

He explained that the suspension did not apply to investment in original equipment manufacturing (OEM), adding that applicants for OEM license would not be affected.


NAN