AN automotive communication consultant, and university lecturer, Dr Oscar Odiboh, has advised the Federal Government to drop its auto policy since the policy was not achieving its set goals of providing new vehicles to its citizenry. 

THE Nigeria automotive industry has the potential for the diversification of the economy with value-driven supply chain and scalable backward integration for the economy. Automotive companies are looking towards the country not only for its burgeoning consumer market but also as an efficient supplier base. Rooted in advanced economies, the auto industry is a major driver for job creation. In the United States, the auto industry supports nearly eight million American jobs, pays $500 billion in annual compensation, and generating $70 billion in personal tax revenue. The auto industry sits atop the industries with the top 10 highest job multipliers in the States. It has also continued to remain a significant anchor of high-value innovation, growth, and inclusive prosperity for global economies.

With 14 years of experience as an automobile dealer, Ikechukwu D. Ogbonna, the Chief Executive Officer of IVD Autos Limited knows the automobile industry like the back of his hands. In a recent interactive session with Vanguard, the Abia State-born businessman explained why there is huge influx of low quality automobiles into the country. He blames the importation of low quality automobiles on customer’s demand.

CHAIRMAN/CEO of Nord Automobiles Limited, an indigenous auto company, Mr. Oluwatobi Ajayi, has explained that the Nord brand of vehicles introduced by his company will give Nigerians real value for money.

IN a bid to bring the best of Chinese auto brands to the Nigerian market, Dana Motors Limited in partnership with Dongfeng Motor Corporation, DFM, has introduced the full range of DFM brand of vehicles to the Nigerian auto market.