The federal government says funds to grow the nation’s automotive industry have been made available to local manufacturers.

Minister of Industry, Trade and Investment, DORIS UZOKA-ANITE, made this known at the African Association of Automotive Manufacturers and the Nigerian Automative Manufacturers Association’s meeting in Abuja. 

UZOKA-ANITE said funds to grow the nation’s automotive industry have been made available to local manufacturers, adding that Nigeria is ready to commence local automobile manufacturing before the end of the year. 

While addressing all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, UZOKA-ANITE noted that it is vital to source made-in-Nigeria vehicle materials locally, while stressing the need to key into the Nigerian Automotive Development Policy, and start making the desired contribution to the nation’s economy.