Joseph Osanipin, Director General of the country’s National Automotive Design and Development Council (NADDC) has revealed that only a shocking 6 per cent of Nigerians own vehicles.

Osanipin stated this yesterday during a meeting with vehicle component manufacturers to seek ways of boosting efficiency and local production in the automotive sector.

The NADDC henchman while confirming this stated: “Here in Nigeria, Vehicle ownership is 6% of the general population as of 2018 (which is approximately 12m) while in South Africa it is about 17.4%. Therefore, in order to achieve this and more, we need to harness the collective talents and resources at our disposal to drive sustainable growth and development in the sector.

“As we all know, Nigeria is blessed with a variety of natural resources that are basic raw materials for production of components parts. NADDC strategic plan is to focus more on component parts to aid the development of the automotive industry and push for the transition of our assemblers from SKD to CKD auto manufacturers,” he explained.

He also urged component manufacturers to remain steadfast, innovative and be inclusive adding that: “Together, we have the power to reshape the future of mobility in Nigeria and chart a course towards prosperity for generations to come,”

The Permanent Secretary, Ministry of Industry, Trade and Investment, Amb. Nura Abba Rimi also noted that the meeting is focused on revival of automotive components geared to chart a new course for a vibrant and sustainable sector. He added: “The federal government will accelerate synergy, with component manufacturers to unlock full potentials of the sector,”