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American Investors’ Interest In Nigeria’s Auto Industry Rise After Buhari’s Visit

American Investors’ Interest In Nigeria’s Auto Industry Rise After Buhari’s Visit

From Leadership

The United States Embassy in Abuja says President Muhammadu Buhari’s recent visit to the U.S. has triggered a flood of enquiries from potential American investors on the country’s automotive industry.

The embassy’s Counsellor for Economic Affairs, Mr. Alan Tousignant, said this when he visited the Director-General of the National Automotive Design and Development Council (NADDC) on Friday in Abuja.

According to a statement issued by Mr Bello Rasheed, the Principal Executive Officer (Information) of NADDC, Tousignant visited to make enquiries on the Nigerian Automotive Industry Development Plan (NAIDP).

The statement reported Tousignant as saying that he was at the NADDC to get answers for the deluge of enquiries from the American government and its business community on the NAIDP.

It said that the Director-General of NADDDC, Mr Aminu Jalal, and the council’s Director of Policy and Planning, Mr Luqman Mamudu, received and briefed the U.S. team

The statement said: “ Tousignant said that there had been an upsurge in the amount of business enquiries from America since the recent visit of President Buhari to the U.S.

“He told the NADDC DG that quite a number of the latest enquiries from potential American investors were on the Nigeria auto industry.

“Therefore, he needed to know about applicable staff structure, incentives, availability of skilled personnel, current total installed capacity, local value addition and industrial clusters and infrastructure.

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