OrderPaperToday- Nigeria’s House of Representatives on Thursday, mandated its Committee on Industry to investigate the collapse of Automobile Assembly Plants in the country.
The decision by the House is with a view to making insightful recommendations for the immediate resuscitation of the plants.
This decision followed the adoption of a motion on the ‘Need to Revive the Moribund Automobile Assembly Plants in Nigeria’ by Abdullahi Ibrahim Ali Halims (APC, Kogi).
The House noted that the socio-economic benefits of automobile industries in a developing country like Nigeria cannot be over-emphasized, as it could drastically reduce unemployment, thus reducing insecurity resulting from joblessness.
It recalled that in the 1970s up till the early 1990s, automobile companies like Volkswagen, Peugeot, Leyland, ANAMCO, etc. had functional assembly plants located in different cities across the country and contributed positively to the economic development.
The Green Chamber said it was cognisant that the current economic challenges facing Nigeria necessitate the need to device workable means of addressing the ugly trend, hence the need to revive the moribund auto-mobile assembly plants.
Similarly, the lawmakers pointed out that it was necessary to negotiate with investors interested in investing in Nigeria’s auto-mobile plants, as this will save billions of forex used in the importation of vehicles.
The motion was passed when Speaker Femi Gbajabiamila put the question and referred to the Committee on Legislative Compliance to ensure same.