S/N | Specify Programmes/Projects | Output/ Achievements | Key Next Steps/Remarks |
1 | Revised National Automotive Industry Development Plan (NAIDP) | Federal Executive Council Meeting held on 10th May, 2023 approves the new NAIDP
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Stakeholders engagement and Increased awareness and patronage of locally assembled vehicle.
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2 | Implementation of NAIDP | 79 Companies are registered under the NAIDP Scheme, 34 have commenced full commercial operation while others have are ordered and installing assembling/manufacturing equipments. | Continuous monitoring and evaluation of their operations. |
3 | Automotive Development Fund
( ADF) |
NADDC-ADF is a fund managed by BOI to support Auto Entrepreneurs in Nigeria. Many NAMA members have benefited from the fund. The following is the process and procedure of accessing the loan.
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4 | Vehicle Finance scheme | Enhancing market development for Automobiles | |
5 | End of Life Vehicles | Feasibility Study/Business Plan conducted for End-of-Life vehicle recycling plant in Nigeria | |
6 | Electric Project in Nigeria | ELV Draft work plan completed and submitted
Survey on Electric Tricycles in Nigeria was identified, memo was raised and processed |