Nigeria’s Minister of Justice and Attorney-General of the Federation, Abubakar Malami said the Federal Government would initiate the necessary legal framework needed to grow the automotive sector.
Malami made the pledge at the unveiling of a competition on automotive design initiated by the National Automotive Design and Development Council (NADDC)in Abuja, Nigeria’s capital.
According to Malami, the Federal Government is committed to putting in place necessary legal framework and right policies to ensure the growth of the automotive sector.
“This will provide an enabling environment for investments in the automobile sector which will earn foreign exchange for the country and create jobs for the youths,’’ the Minister said.
He further described the automotive design challenge as a commendable effort in promoting innovations and solutions applicable to the nation’s challenges in mechanical, agricultural and transportation sectors.
“Federal Government will support your efforts through the provision of the necessary legal framework and desired support aimed at boosting public transportation, agricultural development, and food production.
“The competition would translate to greater savings of foreign exchange earnings with which Nigeria spends about eight billion dollars annually importing automobiles,’’ he added.