In accordance with President Jonathan’s goal for Nigeria, the Managing Director of Peugeot Automobile Nigeria Limited, Mr Ibrahim Boyi, said the
company was in full support of the government’s Automotive
Industrial Development Programme and had designated about
24,000 square metres within its premises in Kaduna State for the
Local Components Park.
Representatives of the Federal Government and the management
of the Peugeot Automobile Nigeria, on Saturday, had a feel of
what the vehicle looked like, as they were taken round the park to
inspect the Peugeot Components Auto Cluster Park.
The Automotive Industrial Development Programme is aimed at
promoting local automobile production and reducing the
importation of used cars.
Nigeria spends the sum of 4.2 billion Naira on importation of
vehicles in 2010 alone and higher figures in 2011 and 2012.
Importation has continued to increase, boosting the economies of
countries where the vehicles are manufactured while the
indigenous automobile companies have continued to face low
To tackle this challenge, grow the Nigerian economy and create
more jobs, the Federal Government of Nigeria introduced the
automotive policy that would support the establishment of
automobile companies in Nigeria and the revival of the metal steel
and tyre manufacturing industries. This has started yielding some
The manufacturing of the Peugeot vehicle has placed Nigeria in
the league of automobile producing countries.
At the launch of the site for the automotive cluster pack and flag-
off of local production of Peugeot vehicles in Kaduna, the Minister
of Commerce Trade and Investment, Olusegun Aganga, said that
the government would ensure that the automotive policy would
not only be implemented but sustained beyond the present
“The automotive industry development plan took account of the
problems that led to the collapse of the industry in the past and
was developed after extensive consultations with the executives
of the existing local auto manufacturers. That is why we plan to
establish auto-skills and auto-companies parts in three parts of
the country,” he said.
Mr Aganga further said that the government would launch a
vehicle financing scheme to make funds available to Nigerians for
the purchase of made in Nigeria vehicles under the new
The Minister said that the scheme would be launched within four
months and would involve the collaboration of local and foreign
The former head of state, General Yakubu Gowon, lamented that
indigenous automobile company, which used to be Nigeria’s pride
in the global auto-industry, had been neglected by successive
“I hope that Nigerians will like to patronise this more than ever
before and I hope that there would be no government policies that
would short change the automobile companies in the future,”
General Gowon said.
The automobile company was able to commence production
within the shortest period after the approval of National
Automotive Development Plan, a development that confirms the
company’s leadership role in the Nigerian automotive industry.
The unveiled Peugeot 301 was made from over 120 years of
automotive experience in the traditional Peugeot style of safety,
comfort and strength.
Over the next six to twelve months, the company has promised to
roll out the Peugeot 508 and 408 models while hoping that the
Federal Government will ensure the implementation and
compliance of the automotive policy.
As Nigerians await the commencement of the policy, industry
players have emphasised that the policy would be a mere mirage
if the companies are not supported to pick up or protected from
the influx of used cars into Nigeria daily.