• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, October 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

CNG, electric vehicles will spur automotive sector

Vehicles

The Matters Press by The Matters Press
May 26, 2024
Reading Time: 2 mins read
0
Nissan recalls 1,150,000 vehicles in 3 months

Nissan vehicles

The Nigerian automotive industry is gearing up for a significant transformation with focus on Compressed Natural Gas (CNG) and Electric Vehicles (EVs).

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

The Director-General of the National Automotive Design and Development Council (NADDC), Joseph Osanipin, said in Abuja that Nigeria’s abundant natural resources were key to this transformation.

“On EVs, Nigeria has a very good advantage if we pursue EVs as well as CNG parts.

“The advantage in CNG is because we have natural gas in abundance, it naturally makes it cheaper for us to go that route.

“Again, we have the technical know-how and the component parts,” he said.

According to Osanipin, many are already thinking of manufacturing cylinders, fossils, and many other CNG components in Nigeria.

He said the push for CNG and EVs was about technological advancement and economic benefits for the country.

“Investors see Nigeria’s large and growing youth population as a prime opportunity, with the population and Nigeria’s economy, investors know this is where to invest, “ he said.

On the benefits of CNG, the director-general said producing these components locally would force down the prices of some of these parts and even the price of new vehicles.

Osanipin said part of the strategy required using a deletion policy, where imported parts were gradually removed from the locally assembled vehicles, thus making our vehicles more competitive in price.

According to the NADDC boss, the council aimed to leverage these advancements to create more jobs and increase technological transfer.

The director-general also credited the propelled auto industry to the Tinubu-led administration’s focus on ease of doing business and digital innovation.

According to him, digital innovation has significantly influenced NADDC’s operations by helping it gather data easily, advise on specialisation, and track vehicle registration across the country, among other things.

Osanipin said that to further support the automotive industry, NADDC would inaugurate a vigorous campaign to raise awareness about locally assembled vehicles.

“We are going to visit media houses to let them know our reality.

“We want to sensitise Nigerians about the benefits of buying locally made vehicles.”

“This campaign will highlight the activities of the council and the achievements of local assemblers, promoting the quality and availability of Nigerian-made vehicles,” he said.

Tags: Vehicles
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
Tinubu’s tax policy favours Nigerians, moves to cut taxes from 200 to 10

Tinubu's tax policy favours Nigerians, moves to cut taxes from 200 to 10

Nigeria replaces national anthem as Tinubu praises democracy

Nigeria replaces national anthem as Tinubu praises democracy

Recommended Stories

EX GOVERNOR PETER OBI FULL SPEECH AT NABF CONFERENCE TAMPA

November 12, 2018
Nigeria regains top crude oil production spot in Africa

Expert urges Nigeria to shun dependence on crude oil

August 28, 2022
Nigeria’s  Transparent Civil Service Recruitment exciting

Nigeria’s Transparent Civil Service Recruitment exciting

February 5, 2025

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us