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NADDC Justifies N1.8bn FEC allocation

By Emmanuel Elebeke The National Automotive Design and Development Council, NADDC, has explained that the N1.8billion approved by the Federal Executive Council, FEC, would be expended in the procurement and installation of automotive/mechatronics equipment in special centers across six geopolitical zones of the country. Recall that the Minister of Industry, Trade and Investment, Niyi Adebayo,
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Don’t blame automotive plan for Tokunbo vehicles’ cost — NADDC

CONTRARY to media reports (not in Vanguard) that the National Automotive Industry Development Plan, NAIDP, was punitive and responsible for the increase in smuggled vehicles, the National Automotive Design and Development Council, NADDC, has said that the agency is shocked that the policy is being blamed for the increased prices of imported used vehicles otherwise known as Tokunbo vehicles.

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