LAGOS – The Federal Government has been told that the only way Nigeria can move forward as a nation in the automotive industry is for it to move into massive automobile production.
Dr. Cosman Maduka, the President, Coscharis Group stated this yesterday in Lagos at the unveiling of its partnership deal with Renault automobile company.
Maduka said that with the estimated population of 500 million people by 2050, Nigeria needed to focus on automobile production, saying that making the automotive policy as a law by the government was necessary for the development of the sector in the country.
He said: “Frankly, I am not aware of the statement that Mr. President didn’t assent to the automotive bill. All I know is that the bill has been sent to Mr. President for assent and this is coming to ne as news. I just came back yesterday (Thursday). So far, to the best of my knowledge, we are still working with the auto policy and at the end of the day, it is not going to be about what I want or what anybody wants, it’s about what the country wants for itself.
“With a population of close to 500 million people by 2050, there is no any other way for you to go, but to build your own car. There is no any other way at all if we truly want to move forward as a nation, we must go into automobile production for the number of people that we expect.”
On its partnership with Renault, he said that the essence of the partnership was to create values for its clients and the country at large.
He explained that two out of the four brands would be assembled in Nigeria.
The four brands unveiled at the event were Duster, Kwid, Logan and Oroch.
He expressed hope that the brands would be a success in the country.
The post Nigeria Must Go Into Automobile Production To Grow – Coscharis appeared first on Independent Newspapers Nigeria.
Source: Independent
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