The Federal Government has said concerted efforts are in process to ensure broad participation and inclusiveness of all stakeholders in the automotive industry in framing the review of the National Automotive Industry Development Plan (NAIDP) Bill.
Special Adviser to the President on the Ease of Doing Business and Secretary, Presidential Enabling Business Environment Council (PEBEC), Dr Jumoke Oduwole, said the government is taking time to shape the automotive policy to enable Nigeria to compete with other players on the continent and aid those who have invested resources derive maximal value.
Oduwole who spoke at the introduction of an empowerment initiative by Cars45, ‘Automotive Entrepreneur Programme’, in Lagos, said the auto industry is pivotal and critical to the growth of the economy.
“We need an auto policy that will be enduring; we don’t want a policy that we will have and after few years, we will need to change it and that is why we are calling for more contributions”, she said.
According to her, there is no economy in the world that has developed without having a vibrant auto assembly and production industry because of the catalytic amount of jobs that the sector can create. There is a need for a policy that will take us to where we want to be.
“Companies like Cars45 represent the energy of this economy as entrepreneurial activities account for over 48 per cent of GDP contributions and therefore are demography that can’t be ignored. We are not unaware of the challenges that businesses face and we are doing everything within our power to set the economy on the right path.
“It is important to see every challenge as an opportunity. I am happy that Cars45 is one of the forward-thinking and visionary organizations in the automotive space and with the African Continental Free Trade Agreement AfCFTA, I am even more hopeful that deploying technology they would be able to scale and help grow the economy,” she added.
Besides, the initiative is designed as a framework for poverty alleviation and is poised to drive business growth and profitability for individuals irrespective of their social class.
It provides Nigerians with the opportunity of making extra income by referring people to buy, swap or sell their cars or subscribe to the rich bouquet of services that Cars45 offers. These services include its emergency road assistance, premium inspections, concierge, inspection and valuation, pre-order, annual maintenance contract amongst others.
Speaking on the initiative, Chief Executive Officer, Cars45, Etop Ikpe, said the initiative is in tandem with the federal government’s desire to drive economic growth, invest in human capital and build a globally competitive economy while adding that the initiative will complement government’s efforts to move millions out of the poverty bucket as a viable and sustainable income stream.
“We recognize that our platform helps to create a lot of opportunities for people and Nigeria’s biggest problem today is unemployment. We have a huge youth population that must be fully engaged.
“At our firm, we simply created a programme that enables people without any prior education or experience with automotive retail to be engaged and make something for themselves. This Automotive Entrepreneurship programme has been re-designed to equip people with the right technology as well as enable participants to increase their income levels by leveraging our services,” he said.
Source – The Guardian, October 2019