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Nigeria: Nigerians imported N1.47trn worth of vehicles in 2023, putting pressure on forex – NADDC — Africa Links 24

Nigeria: Nigerians imported N1.47trn worth of vehicles in 2023, putting pressure on forex – NADDC — Africa Links 24

Africa Links 24 with Ibrahim Ramalan
Published on 2024-06-27 16:40:10

The National Automotive Design and Development Council, NADDC, says Nigeria’s reliance on imported vehicles puts pressure on  forex and hinders job creation and economic growth.

The Director-General of NADDC, Joseph Osanipin, made the assertion at a Nigerian Auto Industry Summit  on Thursday in Lagos.

The summit was organised by the Nigeria Auto Journalists Association, NAJA, in collaboration with the NADDC.

It had the theme:  ”Developing Nigeria’s Economy through the Auto…

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