Aviation body recommends creation of Local Content Board, others quicknews-africa.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from quicknews-africa.net Daily Mail and Mail on Sunday newspapers.
Federal Government said on Wednesday that recorded over $1 billion investment into the automotive industry in 2019.
The Director-General of the National Automotive Design and Development Council (NADDC), Mr Jelani Aliyu made the disclosure at the opening of the two-day investigative hearing into the financial budgetary approvals and multilateral donation on skills acquisition and related programs of the Federal Government and its agencies by House of Representatives Ad-hoc on the matter.
The committee is chaired by Hon. Victor Akinjo.
The committee had alleged that reports submitted to it indicated that contracts worth multi-billion naira awarded by various Ministries, Departments and Agencies (MDAs) for the training/skill acquisition programmes were implemented without Appropriation between 2011 and 2020.
FG attracts $1bn investment into automotive industry FG attracts $1bn investment into automotive industry
• As Reps uncover multi-billion naira extra-budgetary expenditures by MDAs
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The Federal Government, on Wednesday, disclosed that it attracted over $1 billion investment into the automotive industry in the year 2019.
Director-General of National Automotive Design and Development Council (NADDC), Mr Jelani Aliyu, disclosed this at the opening of the two-day investigative hearing held at the instance of the Ad-hoc Committee into the financial budgetary approvals and multilateral donation on skills acquisition and related programs of Federal Government and its agencies, chaired by Hon Victor Akinjo.
He said: “We have the core responsibility of developing the automotive sector, that’s to encourage and promote the assembling and production of the vehicle in Nigeria as opposed to continued importation of them from overseas and exporting jobs and revenues outside of Nig
Automobile: FG recorded $1bn investment through Honda, Innoson, Dangote in 2019 — NADDC vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.