THE FEDERAL GOVERNMENT OF NIGERIA’S AUTO POLICY, INCENTIVES AND DUTY.INTRODUCTION
The automotive industry in most countries around the world plays a stimulating role in economic development. The importance of the industry cannot be over emphasized as its scope covers transportation of people, goods and services; manufacturing; agriculture; defense, power generation and more.
Industry statistics of countries with robust auto industry show that the design, manufacture and sales of automobiles not only drive economic growth, but that it also provide direct and indirect employment opportunities and huge export potential.
Past and present governments of Nigeria have realized the importance of the automotive industry, which is why the industry has been identified in the Nigeria’s Industrial Revolution Plan (NIRP) as one of the ways to rebuild the economy.
This paper seeks to provide information on the Nigerian automotive industry.
Click here to download the full publication By Oluwatoyin Eyitayo (Mrs.) LLB, LLM, ACIArb.