AbdullahiMr Kasifu Inuwa, Director-General, National Information Technology Development Agency (NITDA), on Friday, observed that creating a digitised ecosystem would guarantee value creation, wealth and prosperity, for a digital economy.
Inuwa made the remark at the unveiling ceremony of the first Nigerian assembled Hyundai KONA Electric Vehicle, launched by the National Automotive Design and Development Council (NADDC) in Abuja. x
He said that creating an ecosystem was the only way to easily get the value that would enable growth, wealth and prosperity, citing the introduction of electric vehicles into the country, as a welcome development that would enable the nation to advance to a vibrant economy.
Stallion Motor Unveils Nigeria s First Electric Car in Abuja thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Economy: NADDC lauds over $1bn investment in automotive industry
On
By Gabriel Ewepu – Abuja
National Automotive Design and Development Council, NADDC, Friday, lauded over $1 billion investment in the automotive industry.
This was made known by the Director-General, NADDC, Jelani Aliyu, Abuja at the unveiling of Hyundai Kona Electric Car, Nigeria’s first locally assembled electric car in Abuja.
According to Aliyu the investment is from both local and foreign investors in the nation’s automotive industry.
He maintained that it was as a result of the resolve of the Buhari-led administration’s effort to create an enabling environment for investors that brought about the huge investments in the production of vehicles in Nigeria.
Views: Visits 13
There are strong indications that the Federal Government may have dumped recommendations of the committee it set up to look into the possibility of reviving the automotive industry.
This follows the presidential accent to the 2020 Finance Bill a week ago which revised the auto import duty and levy policy, while rubbishing the earlier recommendation of the committee spearheaded by the Bureau of Public Enterprises, BPE, on the strategy for revival of the local auto manufacturing industry.
The Finance Bill is set to implement a reduction of the levy on imported vehicles from 35 per cent to five per cent, and also the import duty on same from by same margin contrary to the stipulation of the auto industry development policy and the recommendation of the BPE-led committee.
Vanguard News
Finance Bill crushes auto industry, rubbishes BPE recommendations
On
•Industry leaders kick
Motoring Editor
There are strong indications that the Federal Government may have dumped recommendations of the committee it set up to look into the possibility of reviving the automotive industry.
This follows the presidential accent to the 2020 Finance Bill a week ago which revised the auto import duty and levy policy, while rubbishing the earlier recommendation of the committee spearheaded by the Bureau of Public Enterprises, BPE, on the strategy for revival of the local auto manufacturing industry.
The Finance Bill is set to implement a reduction of the levy on imported vehicles from 35 per cent to five per cent, and also the import duty on same from by same margin contrary to the stipulation of the auto industry development policy and the recommendation of the BPE-led committee.