Nigeria’s 40 auto plants produce below 5% capacity – NADDC
Nigeria’s 40 auto plants produce less than 5% of their capacity due to weak financing, low patronage, and imports, hindering the Nigeria auto industry’s gr Read More: https://punchng.com/nigerias-40-auto-plants-produce-below-5-capacity-naddc/
Nigeria's nearly 40 licensed vehicle assembly plants, with a combined installed capacity of over 600,000 vehicles annually, are currently producing less than five percent of their potential output, according to the National Automotive Design and Development Council (NADDC). The low capacity utilisation is attributed to weak vehicle financing, low patronage, grey imports, macroeconomic pressures, and gaps in policy enforcement.
The NADDC Director-General, Joseph Osanipin, emphasized that Nigeria's challenge lies not in a lack of demand or production capacity, but in the absence of an ecosystem that makes locally assembled vehicles affordable and accessible.
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