NADDC and Finance Ministry Discuss Automotive Growth Incentives

On [date not specified], Otunba Oluwemimo Joseph Osanipin, the Director General of the Nigerian Automotive Design and Development Council (NADDC), visited the Ministry of Finance in Abuja to engage with Mr. Taiwo Oyeleke, the Minister of Finance.

The meeting focused on developing fiscal incentives necessary for the growth of the automotive industry, particularly in the context of green mobility and sustainable industrial practices. Osanipin reaffirmed the NADDC's commitment to collaborating with the Ministry of Finance and stakeholders to create an enabling environment that fosters innovation and technical excellence across the automotive value chain.

Minister Oyeleke welcomed a comprehensive briefing and emphasized the need for evaluating tariff protection measures that align with the nation's holistic interests. He reiterated the Ministry's commitment to supporting reforms that expand investments, create jobs, and deliver affordable, safe vehicle options for Nigerians.

The discussion underscored the importance of implementing the right fiscal incentives to enhance Nigeria's competitiveness in the global automotive market.