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

Uber commences drivers’ mask verification
Business

Uber shuts down Nigerian operations

September 2 2026
Egbin Power reinforces SDG 4 Commitment as 11th edition of scholarship programme begins
Business

Egbin Power reinforces SDG 4 Commitment as 11th edition of scholarship programme begins

September 1 2026
Dangote Refinery slashes petrol, diesel prices again
Business

Court stops NMDPRA from shutting Dangote Refinery

September 1 2026
Nigeria records 8.51m terabytes of data use in H1 – NCC
Business

NCC pushes local tech investment to cut imports

August 30 2026
Lagos Cinema honours brave security personnel, boosts security
Business

Lagos Cinema honours brave security personnel, boosts security

August 29 2026
Shell commends efforts towards Regional Action Plan for safe helicopter services
Business

Shell commends efforts towards Regional Action Plan for safe helicopter services

August 29 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

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

...

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

by The Editor
August 24 2026
0

...

APPOINTMENTS

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

...

Tinubu names new Head of Service

Tinubu names new Head of Service

by The Editor
August 19 2026
0

...

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

by The Editor
August 8 2026
0

...

Police IG deploys new CPs to eight states, other formations

Police IG deploys new CPs to eight states, other formations

by The Editor
August 7 2026
0

...

ODDITIES

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

Umahi files N2.5b defamation lawsuit against bloggers

Umahi files N2.5b defamation lawsuit against bloggers

by The Editor
August 26 2026
0

GLOBAL NEWS

Iran President thanks Putin for Russia’s stance in war with US

Iran President thanks Putin for Russia’s stance in war with US

by The Editor
September 1 2026
0

...

Saudi Arabia halts multiple visas for Nigeria, 13 others as U.S. suspends visa dropbox

US outlines two family visa options for permanent residence

by The Editor
September 1 2026
0

...

US Army Secretary submits resignation

US Army Secretary submits resignation

by The Editor
September 1 2026
0

...

Russia helps Niger Republic junta to retake military base

Russia helps Niger Republic junta to retake military base

by The Editor
August 30 2026
0

...

WHO declares global health emergency over Ebola outbreak in Congo, Uganda

WHO confirms Uganda Ebola-free, as virus continues spread in DRC

by The Editor
August 28 2026
0

...

State of the States

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

...

Gov. Mutfwang convenes security council over Plateau attacks

Gov. Mutfwang convenes security council over Plateau attacks

by The Editor
September 2 2026
0

...

Enugu govt gets commendation for successful hosting of 2nd City Marathon

Enugu govt gets commendation for successful hosting of 2nd City Marathon

by The Editor
September 1 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Police slam treasonable felony charge on Katsina man for destroying Tinubu’s billboards

Police slam treasonable felony charge on Katsina man for destroying Tinubu’s billboards

September 3 2026
INEC to conduct mock presidential election

INEC to conduct mock presidential election

September 3 2026
Palliatives: Sokoto residents feared dead in stampede at Wammako’s residence

Police Inspector slumps, dies after fitness exercise

September 3 2026
FAAC shares N2.09tr to FG, states, local councils as October revenue

FAAC bonanza: Nigeria’s fiscal paradox – Punch

September 3 2026

EDITORIAL REVIEW

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

Interstate highways of agony, hollow excuses – Punch

Interstate highways of agony, hollow excuses – Punch

by The Editor
September 1 2026
0

Mass presence of governors in off-cycle elections – Punch

Mass presence of governors in off-cycle elections – Punch

by The Editor
August 27 2026
0

Clerics must preach peace, not division – Punch

Clerics must preach peace, not division – Punch

by The Editor
August 25 2026
0

Tax reform: Northern senators in closed-door meeting as bill scales second reading

Tax reform must end multiple taxation – Punch

by The Editor
August 24 2026
0

Opinion

 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

...

Adeleke’s win and the cost of winning at all costs

Adeleke’s win and the cost of winning at all costs

by The Editor
August 18 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.