|Key Next Steps/Remarks
|Revised National Automotive Industry Development Plan (NAIDP)
|Federal Executive Council Meeting held on 10th May, 2023 approves the new NAIDP
|Stakeholders engagement and Increased awareness and patronage of locally assembled vehicle.
|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.
|Automotive Development Fund
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.
|Vehicle Finance scheme
|Enhancing market development for Automobiles
|End of Life Vehicles
|Feasibility Study/Business Plan conducted for End-of-Life vehicle recycling plant in Nigeria
|Electric Project in Nigeria
|ELV Draft work plan completed and submitted
Survey on Electric Tricycles in Nigeria was identified, memo was raised and processed