Good Morning Nigeria: Domestic auto production: still a long way to go
​Domestic auto production: still a long way to go
Nigeria relies heavily on auto imports and this puts pressure on the country’s annual import bill. Industry players estimate that a minimum of 500,000 cars are imported on a yearly basis, with over 80% being used cars (tokunbos). To promote the application of skills and technology in auto manufacturing and domestic car assembly, the FGN re-launched the automotive policy in October 2013. Public views on the policy are mixed. Some argue that Nigeria is not ready to take on full implementation of the policy. The country’s poor power infrastructure network which keeps operating costs high is one of the many roadblocks prospective auto manufacturers face.
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