The Federal Government (FG), through the National Automotive Design and Development Council (NADDC), is intensifying efforts to deepen collaboration with Innoson Vehicle Manufacturing (IVM) as part of its strategy to revitalize Nigeria’s automotive sector.
During a recent meeting with the Bank of Industry (BOI), NADDC Director-General Oluwemimo Osanipin emphasized the importance of supporting local auto manufacturers, particularly Innoson. He stressed the urgent need to revive the company’s tyre production plant, noting that restoring the facility would strengthen the automotive value chain, create jobs, and reduce Nigeria’s reliance on imported components.
This follows the NADDC chief’s earlier visit to Innoson’s Nnewi factory in 2023, where he expressed confidence in the company’s capacity and pledged stronger government backing.
The Federal Government has also rolled out several initiatives designed to boost local manufacturers. These include the “Nigeria First” policy, which mandates government agencies to prioritize locally made products, and a ₦20 billion auto credit fund to help Nigerians purchase locally assembled vehicles, including Innoson models. In addition, Innoson has been integrated into strategic government programs such as the Presidential CNG Buses initiative and vehicle supplies to the Federal Road Safety Corps.
With these moves, the government is signaling a renewed commitment to making Innoson and other local manufacturers central players in Nigeria’s industrial growth. Industry watchers say a formalized partnership could mark a turning point in efforts to establish a self-sustaining automotive industry in the country.