‘FG to return auto policy’

Presidential Adviser on Ease of Doing Business and Secretary, Presidential Enabling Business Environment Council (PEBEC), Dr. Jumoke Oduwole, said concerted efforts are being made to bring back the auto policy bill.

She spoke when Nigeria's leading automotive trading platform, Cars45, launched an initiative tagged, “Cars45 Automotive Entrepreneur Programme.”

The initiative provides Nigerians with the opportunity of making extra income by referring people to buy, swap or sell their cars or subscribe to the rich bouquet of services that Cars45 offers.

Oduwole who commended the giant strides made by entrepreneurial ventures like Cars45 in deepening economic growth said no economy develops without a vibrant auto policy.

Daily Trust reports that the 20132018 auto policy has been suspended by the Federal Government which promised to send another auto policy Bill to the National Assembly.

However, the president’s aide noted that concerted efforts are ongoing to ensure broad participation in framing the policy.

“There is need for a policy that will take us to where we want to be. The auto industry is pivotal and critical to the growth of our economy and so we are taking our time to shape the automotive policy so that we are able to compete with other players on the continent and enable those who have invested resources derive maximal value. We need an auto policy that will be enduring; we don’t want a policy that we will have and after a few years, we will need to change it and that is why we are calling for more contributions", she said.