Our Goal: Producing 40% of Nigeria’s Vehicle Components – Osanipin, DG, NADDC.
Oluwemimo Joseph Osanipin, the new Director General of the National Automotive Design and Development Council (NADDC), aims to boost local manufacturing of vehicle components in Nigeria. Osanipin, who previously served as COO at JET Motor Company, brings extensive experience from various roles in the banking and automotive sectors.
In an exclusive interview, Osanipin outlines his strategic plan to drive growth in Nigeria’s automotive sector. He emphasizes the importance of implementing policies and initiatives that increase employment, GDP contribution, transaction volumes, exports, and foreign exchange generation. A key focus is on developing local component parts for vehicles.
Osanipin highlights the need to elevate certain policy aspects to laws to attract and secure investments. The auto policy, updated in 2023, stands on seven pillars, including component development. The Council is engaging with component manufacturers and assemblers to address challenges such as finance, standards, quality, and production costs.
Currently, Nigeria has a vehicle assembly capacity of over 400,000 units with 35 assembly plants. However, Osanipin aims to consolidate the number of assemblers to increase output volume per plant, similar to models in Japan, Germany, and South Africa.
In five years, the NADDC aims to grow local vehicle component production to 15%, and in ten years, to 40%. Osanipin plans to leverage Nigeria’s comparative advantages, such as local foam and leather production, to achieve these targets. The Council is also engaging SMEs and building an industrial park in Nnewi to support local manufacturers and reduce production costs.
Regarding electric and compressed natural gas (CNG) vehicles, the NADDC is driving government initiatives to adopt these technologies. Osanipin mentions a presidential directive for MDAs to purchase CNG vehicles and outlines efforts to standardize and promote EV and CNG adoption.
The Council is also launching 100% solar-powered EV charging stations at universities to encourage research and innovation in EV technology.
An upcoming auto summit will bring stakeholders together to evaluate the industry’s progress, identify areas for improvement, and explore investment opportunities.
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