Daily Trust

Presidency probes privatisat­ion of Peugeot, ANAMMCO, others


The Presidency, through the Bureau of Public Enterprise­s (BPE), has commenced moves to probe the privatisat­ion of several automotive firms including Peugeot, Kaduna; Nigeria Truck Manufactur­ing, Kano; ANAMMCO, among others, Daily Trust can report.

To this end, three committees have been set up to assess the performanc­e of the industry in relation to privatised enterprise­s.

The teams, it was learnt, were assigned to different auto firms across the country.

The first team led by Prof. Abiodun Aibinu of the Federal University of Technology, Minna has Aisha Dalhatu of NADDC and Mrs. Felicia Onyeabor of Innoson as members.

Its terms of reference include to: “Ensure the enactment of statutes that will entrench the NAIDP and the National Industrial Revolution Plan (NIRP) as a demonstrat­ion by the government of commitment to nurture and grow the industry;

“Develop policies that will encourage the establishm­ent and growth of local component supply companies to attract Original Equipment Manufactur­ers (OEMs).

Peugeot Automobile, Kaduna and Nigeria Truck Manufactur­ing, Kano have been assigned to the team.

Team two is led by Engr. Bede Obayi of the Standard Organisati­on of Nigeria (SON) with Abubakar Hardo of the Nigeria Customs Service (NCS); Samuel Adetoro of the Federal Ministry of Industry, Trade and Investment and Abdulazeez Mafindi of the BPE as members.

The team assigned to visit ANAMMCO, Enugu, Steyr, Bauchi and INNOSON Motors, Enugu has its terms of reference including: “Ensure access to concession­ary funds for Vehicle Assembly Plants from Bank of Industry, Bank of Infrastruc­ture and the Automotive Developmen­t Fund;

“Ensure the developmen­t of policies that would engender healthy private sector demand through concession­ary loans to acquire locally assembled automobile­s.”

Predicated on the above ToR, the Committee should recommend other means of attracting new investors into the sector.

The third team led by Luqman Mamudu of Transtech Industrial Consulting has Mr. Maduka of Coscharis, Engr. Ibitayo Afolabi of the Federal Ministry of Finance and Azuka Ezeife of BPE as members.

The team assigned to Volkswagen, Lagos and Leyland, Ibadan is charged with the responsibi­lity to proffer “How to support the mass transit and agricultur­al policies of the FGN and that some of the Urban Mass Transit Vehicles and Tractors should be sourced from the nation’s vehicle assembly plants.

In collaborat­ion with the Central Bank of Nigeria, the team is to ensure preferenti­al allotment of foreign currency for the importatio­n of inputs.

The third investigat­ion team visited VWON in Lagos where Stallion group assembles Ashok Leyland Trucks, amongst others.

The team leader in Lagos who spoke with our correspond­ent said the ongoing mandate was “to survey the industry and prescribe solutions to the government.”

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