A New Opportunity to Invest
Nigeria Is highly-ranked in all the indices considered necessary for an automotive industry to flourish in any economy. Our automotive industry is a key enabler of our march towards industrialization and economic transformation because of its immense potentials to contribute to growth of the GDP, build human capital. we extol the wisdom of the Federal Ministry, Trade and Investment and the National Automotive Council for the wide consultation and involvement of a wide spectrum of stakeholders during the development of the National Automotive Industry Development Policy (NAIDP). Our hope is that bona fide plant owners shall play due roles in the course of implementation of this policy and development of accompanying regulations and legislation that shall follow.
While Nigeria imports more than 400,000 units of motor vehicles per annum, the combined annual capacity of our manufacturing/assembly plants is 70,000. I am proud to say that installed capacity of ANAMMCO is 7,500 units of trucks and 1,000 units of buses in three-shift production regime. It is pertinent to state that in addition to the traditional transportation and logistics that the development of the automotive industry impacts, it can be extended to defense, marine, manufacturing, agriculture, railway coaches and power generation. ANAMMCO has more than enough capacity and competences to play in all of these segments. ANAMMCO recently assembled 3500 trucks for the Transit support services under third party assembly.