By Bimbola Oyesola
THE Nigeria Employers’ Consultative Association (NECA) has cautioned the Federal Government against suspending the National Automotive Policy (NAP) as being touted by some stakeholders.
Expressing grave concern over recent calls on the Buhari government to jettison what it described as a laudable policy, NECA said policy inconsistency has been the bane of Nigeria as a nation.
The employers’ body recalled that the National Automotive Industry Development Plan (NAIDP) was hailed as a welcome development when it was initiated as it was billed to stimulate growth in the automotive industry and overall evolution of the economy.
It added that the policy was also viewed to be of immense strategic importance to the economy, being a critical employment multiplier.
The Director General of NECA, Mr. Olusegun Oshinowo, however, stated that, “one developmental challenge of Nigeria and major hindrance to sustainable national growth had been successive government’s policy inconsistency and programmes somersault.
“The time has come for succeeding government to put the economic interest of the country ahead of political considerations. Government should imbibe the culture of adopting well-meaning policies of past governments. The automotive policy is one of such that needs to be sustained.”
He urged the Buhari administration not to be sucked in by calls for the reversal of the policy as this would be detrimental to the economy. According to him, “government should sustain and deepen the policy through a faithful implementation, without waiver or threat of possible reversal, except for the recognition of certain categories of non-luxury heavy duty vehicles that cannot and will not be assembled in Nigeria.”
Oshinowo further advised that, “President Buhari will do well by ignoring the clamour to lower import tariff on automobile products, as this will negatively impact on the policy. It will end up promoting importation, which is not in tandem with the contents and spirit of the automotive policy, to promote assembling in the country.”
Source : SunOnline