IN a bid to boost the automotive sector, private companies in the country have committed over N500 billion investment into the Nigeria automotive sector to set up assemble plants.
Director General and Chief Executive Officer (CEO) Jelani Aliyu confirmed the amount invested so far at the recent NADDC Quiz competition 2021 held in Abuja.
He said funds were deployed to setting up related factories for production and assembling of vehicles.
Aliyu disclosed that the investment was entirely a private sector driven initiative while efforts have commenced in the assembling of auto gas vehicles.
Speaking on the quiz competition, Aliyu said it was partnership with relevant authorities with a view to getting schools with the highest scores in the previous examination within the Federal Capital Territory (FCT).
He explained that The motive is to help develop the automotive sector in terms of promotion of vehicles, transfer of technology and skill upgrading.
According to him, “the earlier we engage and support young Nigerians in primary and secondary schools to further understand automotive world and technology, the better we make the good decision to go into that field and study Automotive Engineering or Design Management.”
Some of the students who spoke to the NIGERIA STANDARD lauded the NADDC for the competition which they said had increased their knowledge in the automotive line of learning.
