The
House of Representatives Committee on Industry has endorsed the new
automotive policy of the Federal Government, which seeks to increase the
tariff on imported cars.
This is coming as the Minister of
Industry, Trade and Investment, Mr. Olusegun Aganga, said the potential
for the automobile industry plan was to save as much as N550bn.
The Chairman, House Committee on
Industry, Mr. Mohammed Onawo, said the implementation of the policy
would attract new investments to the sector, protect local automotive
manufacturers and create employment.
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