TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Automakers berate N3.9bn Senate vehicle imports …says 4000 jobs, 50 suppliers risk extinction

The Citizen by The Citizen
May 1 2016
in Business, Uncategorized
A A
0

The Nigerian Automotive Manufacturers Association (NAMA) has criticised the Upper Legislative Chamber for the procurement of wholly-imported SUVs instead of comparable locally-assembled brands.

NAMA said the Senate purchase was despicable and catastrophic to about 4000 jobs and roughly 50 ancillary industries currently engaged by the home-grown Original Equipment Manufacturers (OEMs.)

NAMA made these reservations at a media conference in Lagos where it berated the Senate for impeding the growth of the local automotive industry.

“The Senate could have saved suffering Nigerians 40% of the eventual outlay and sustain at least 50 medium scale enterprises had it procured vehicles assembled by talented and diligent Nigerian workforce, Mr. Tokunbo Aromolaran, Chairman of the Association reasoned.

He said: “It was a rude shock to learn of the decision of the Senate to procure imported fully built SUVs when much more affordable locally assembled alternatives were offered.”

The local media had lately been saturated with reports of procurement by the Senate of indefinite units of Toyota Land Cruiser VXR V8 SUVs valued at a whooping N3.9billion contrary to the consent of the Executive arm of government.

Also agonising that the “Senate has by this self-centred decision held down the automotive industry by at least four years,” Mr. Aromolaran wondered if the Senate was aware of an official circular from the office of the Secretary to the Government mandating all government agencies to mandatorily procure made-in-Nigeria vehicles except if a locally made equivalent isn’t available.

He therefore enjoined the Bureau of Public Procurement to beam its searchlight on the Senate to restraint her extremes so it doesn’t wander out of control.

The NAMA Chairman emphasised the significance of the automotive industry to the Federal Government’s quest for a viable economic resource alternative to the plummeting oil value, remarking that the automotive industry has ample potential for growth.

He however commended the Lower House of Representatives for embracing the OEMs products and driving locally assembled Peugeot vehicles and “putting aside personal aggrandisement at a tough time like this.

“They have by this action identified with the suffering of their brothers and families and essentially added value to our steel products, rubber extracts, glass sheets and plastics from our petrochemical plants,” the NAMA Chairman remarked.

According to him, vehicle assemblies needed consistent patronage to increase capacity and expand their facilities to produce more units at affordable prices and gradually move towards global competitiveness and self-sustainability.

Also speaking at the event, Managing Director, ANAMMCO Limited, Mr. Maduabuchukwu Okeke said: “We cannot overemphasise the need for government support, adding that the quality of our products compare to similar products manufactured in various plants worldwide.”

Mr. Aderungboye Adewole of PAN Nigeria Limited said “We have invested a substantial part of our resources and we wish the Senate reverses her decision and consider locally assembled vehicles.”

Similarly, Prakash Karat, Plant Head, Stallion NMN, manufacturers of Nissan highlighted the need for a dependable policy that could drive vehicle manufacturing and enhance sales, adding that local plants shouldn’t be struggling to sell their inventory when a larger percentage of the country’s population are youths.

Other NAMA members in attendance are Dr. David Obi, Chairman, Motor Vehicles & Miscellaneous Assembly Sectorial Group of the Manufacturers Association of Nigeria and Mr. Babatunde Kolade, Consultant to ANAMMCO Ltd.

Previous Post

Woman gets 100 years for cutting baby from stranger’s womb

Next Post

Heritage Bank partners Oyo State on economic diversification

Related Posts

Nigeria, U.S. sign framework for $700 billion mineral investment
Business

Nigeria, U.S. sign framework for $700 billion mineral investment

September 25 2026
Gambia orders banks to replace foreign workers with locals
Business

Gambia orders banks to replace foreign workers with locals

September 25 2026
Enugu Air opens international route to Cameroon, begins Enugu-Douala service
Business

Enugu Air opens international route to Cameroon, begins Enugu-Douala service

September 25 2026
EFCC recoveries: The good, the bad and the ugly – Punch
Business

Dangote to support 2m women with refinery shares

September 23 2026
30 banks meet CBN recapitalisation rules as deadline nears
Business

CBN cuts interest rate to 23%, vows to contain election liquidity

September 23 2026
FG moves to implement Digital Free Zones
Business

FG moves to implement Digital Free Zones

September 17 2026
Next Post

Heritage Bank partners Oyo State on economic diversification

Labour unions must lead campaign for stolen wealth recovery - Falana

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Minister defends King’s College concession, cites infrastructure decay

Minister defends King’s College concession, cites infrastructure decay

by The Editor
September 16 2026
0

...

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

Kano, Sokoto, others spend N53.2bn on scholarships abroad

INEC fixes Sept 19 for Kano Assembly by-election

by The Editor
August 27 2026
0

...

Awujale: Ruling House sues Ogun, kingmakers

Awujale: Ruling House sues Ogun, kingmakers

by The Editor
August 25 2026
0

...

APPOINTMENTS

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

by The Editor
September 23 2026
0

...

Gov. Yahaya swears in 19 new Gombe permanent secretaries

Gov. Yahaya swears in 19 new Gombe permanent secretaries

by The Editor
September 11 2026
0

...

Niger State governor appoints six commissioners-designate, four aides

Niger State governor appoints six commissioners-designate, four aides

by The Editor
September 8 2026
0

...

Tinubu swears in Enitan as new Head of Service

Tinubu swears in Enitan as new Head of Service

by The Editor
August 28 2026
0

...

ODDITIES

Residents find lifeless body in Akwa Ibom gutter, police begin probe

New co-tenant absconds with neighbour’s children in Akwa Ibom

by The Editor
September 17 2026
0

Palliatives: Sokoto residents feared dead in stampede at Wammako’s residence

Police Inspector slumps, dies after fitness exercise

by The Editor
September 3 2026
0

How friend deceived me to sell my kidney, bought phones with payment — Victim

How friend deceived me to sell my kidney, bought phones with payment — Victim

by The Editor
August 30 2026
0

GLOBAL NEWS

Gambia orders banks to replace foreign workers with locals

Gambia orders banks to replace foreign workers with locals

by The Editor
September 25 2026
0

...

Trump signs security deal with Greenland, Denmark at UN

Trump signs security deal with Greenland, Denmark at UN

by The Editor
September 23 2026
0

...

Trump bars CNN, MS NOW, Politico from White House

Trump bars CNN, MS NOW, Politico from White House

by The Editor
September 18 2026
0

...

2027 Hajj: Saudi Arabia rejects Nigeria’s request for additional slots

2027 Hajj: Saudi Arabia rejects Nigeria’s request for additional slots

by The Editor
September 17 2026
0

...

Canada flags Nigeria, 16 African countries as high-risk in new travel advisory

Canada raises study permit, visitor visa processing times for Nigerians

by The Editor
September 17 2026
0

...

State of the States

Enugu Air opens international route to Cameroon, begins Enugu-Douala service

Enugu Air opens international route to Cameroon, begins Enugu-Douala service

by The Editor
September 25 2026
0

...

I won’t be a godfather; Abia voters will pick my successor, says Gov. Otti

I won’t be a godfather; Abia voters will pick my successor, says Gov. Otti

by The Editor
September 17 2026
0

...

Fubara orders fresh LG elections in Rivers State

Fubara signs N1.84tt Rivers 2026 budget into law

by The Editor
September 3 2026
0

...

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

Lagos empowers 6,190 residents with free vocational, entrepreneurial skills

by The Editor
September 2 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Candidate Sowore: Revolution, Marijuana and other stories

Candidate Sowore: Revolution, Marijuana and other stories

September 25 2026
Nigeria, U.S. sign framework for $700 billion mineral investment

Nigeria, U.S. sign framework for $700 billion mineral investment

September 25 2026
Court nullifies Pantami as Gombe PDP guber candidate

Court nullifies Pantami as Gombe PDP guber candidate

September 25 2026
Process of rigging 2027 polls has started — Prof Jinadu reveals

2027: Elections must be decided at polls, not courts — Onaiyekan, Osigwe

September 25 2026

EDITORIAL REVIEW

Tele-robotic surgery: Nigeria needs more medical feats – Punch

Tele-robotic surgery: Nigeria needs more medical feats – Punch

by The Editor
September 25 2026
0

2027: Voter registration figures must mirror turnout – Punch

2027: Voter registration figures must mirror turnout – Punch

by The Editor
September 17 2026
0

EFCC recoveries: The good, the bad and the ugly – Punch

EFCC recoveries: The good, the bad and the ugly – Punch

by The Editor
September 11 2026
0

Football’s house of failure – Punch

Football’s house of failure – Punch

by The Editor
September 8 2026
0

FAAC shares N2.09tr to FG, states, local councils as October revenue

FAAC bonanza: Nigeria’s fiscal paradox – Punch

by The Editor
September 3 2026
0

Opinion

Candidate Sowore: Revolution, Marijuana and other stories

Candidate Sowore: Revolution, Marijuana and other stories

by The Editor
September 25 2026
0

...

 Akpakomiza and other stories

by The Editor
September 1 2026
0

...

‘Fake’ Agency: Adeyemi insists DG appointment genuine

Fake agencies: Why Nigeria still needs Oronsaye report

by The Editor
August 25 2026
0

...

How Adeleke danced back from the dead

How Adeleke danced back from the dead

by The Editor
August 19 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.