Auto, Trade Policies, Others Under Review – FG
By Ossom Raphael
Abuja – The Federal Government on Monday said it’s currently carrying out the review of the automotive policy as well as the country’s trade policy and the Industrial Revolution Plan to reflect current economic realities.
Recalled that in June 2019, President Muhammadu Buhari declines his assent to the proposed Auto policy bill by the National Automotive Industry Development Plan (NAIDP), with no specific reason given.
Almost two years after the Bill was passed by the 8thNational Assembly, there was uncertainty in the industry when the president failed to assent to the Bill.
But the Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo during an interactive session with journalists in Abuja, said a meeting would be held with stakeholders in the auto sector on January 28 to get their input to the policy.
He said after the stakeholders’ meeting, the executive would present a bill to the National Assembly for the policy to become law.
The minister, who expressed the readiness of the present administration to ensure a robust investment climate, restated the government’s commitment to rapid development of the six new economic zones in the country to boost manufacturing sector.
He, said the Federal Government would continue to support the ‘Buy Made in Nigeria Goods’ campaign to reposition the economy for better performance.
Speaking on the investment policy, the Minister of State for Industry, Trade and Investment, Amb.Mariam Katagum, said the move became necessary to attract new investors.
Amb. Katagum, said the policy which will be rolled out in not too distant time, is being worked on by the Nigerian Investment Promotion Commission (NIPC).
“The NIPC is working on having investment policy which we be the guide for people coming into the country wanting to invest and also ensuring there is an enabling environment,” she said.
On the Nigeria Industrial Revolution Plan, Katagum said the plan is currently being fine-tuned to meet present reality.
“The process has started for the review of the plan, it contains several policies like textile garment policy, tomato policy, and several others,” she said.
“Even before the conclusion of the review, we already have private sector partnership especially in the Kano and Funtua axis.” She said.
On the border closure, Amb. Katagum, said the decision to reopen its borders against neighbouring countries depend on strict compliance to Economic Community of West Africa States (ECOWAS) trade protocol agreements by affected countries.
Katagum, said, the decision to reopen the borders would be based on recommendations from the patrol team on whether Niger and Benin Republic have complied with trade protocols.
According to her “We had the strategic meeting with the three countries and what we agreed with our neighbors is to activate a joint border patrol and that border patrol comprising the customs, all the security agencies and ensure to try to follow the actual protocol laid by ECOWAS.
“The committee met on November 25 and it is only when that committee is certain that all the countries are respecting the ECOWAS protocol that they will recommend a day for the opening of the border.”