Home / News / You Need To See The Whooping Amount Nigerians Spent Yearly On Importation Of Vehicles

You Need To See The Whooping Amount Nigerians Spent Yearly On Importation Of Vehicles

Professor Yemi Osinbajo, the Vice President of the federation says Nigerians spend about 8 billion dollars annually on importation of vehicles.

Osinbajo, who was represented by the Director-General, National Automotive Design and Development Council, Jelani Aliyu, disclosed this at the 19th Abuja Motor Fair on Tuesday.

“The government is fully committed to industrialisation and the mining sector to enable it to create direct and indirect jobs for Nigerians.

“About 8 billion dollars goes to overseas for the importation of vehicles while Nigerians are suffering, also most of the used vehicles imported are unsafe and not good for the citizens,’’ he said.

Osinbajo added that government had signed a Memorandum of Understanding (MoU) with Volkswagen group to develop an automotive hub in Nigeria.

He said that the MoU was a major step towards the development of a robust automotive industry, to contribute to the economic development of the country.

Osinbajo also said that government believed in the strategic and catalytic role of the automotive industry in the diversification of the Nigerian economy.

NAN

CLICK HERE to follow us on Instagram so as to get Story updates on published posts.
CLICK HERE To Follow Us on Twitter for Live Updates on Twitter
CLICK HERE to Follow Our Page on Facebook to get live updates on published post

Related Posts Plugin for WordPress, Blogger...

Comments

comments

Check Also

Kidnapped DPO regains freedom after paying N3m ransom. #Naijablogger:

The Divisional Police Officer, Delta State command, who was allegedly kidnapped along Benin-Asaba Expressway on …

Share Your Comments on This Post Here

%d bloggers like this: