NEWS
NADDC Wabts Automotive Policy Transformed into Law to Reposition Industry
By Ubong Ukpong, Abuja
The National Automotive Design and Development Council (NADDC), on Monday, asked the National Assembly to transform into Law, the automotive policy of the country, for the betterment of the industry and national economic growth.
Director General of the Council, Otunba Joseph Osanipin, who spoke in Abuja, during a capacity building programme for the House of Representatives correspondents, said that investors will remain cautious unless the industry’s regulatory framework is backed by legislation.
The workshop organized by the NADDC in collaboration with the House of Committee on Media and Public Affairs, had as its theme “Strengthening Sectoral Policy Communication and Legislative Reporting on Nigeria’s Automotive Industry Development.
”According to the DG, the Nigeria Automotive Industry Development Plan provides direction for the sector, but long term industrial growth requires legal certainty.
Osanipin said manufacturers considering large scale investment in vehicle assembly and component production need assurance that policy incentives will endure beyond administrative cycles.
He disclosed that the Council plans further engagement with lawmakers at the National Assembly to advance efforts aimed at strengthening the legal foundation of the automotive development framework.
The DG said the automotive industry is one of the most capital intensive sectors globally, requiring sustained policy consistency before investors commit resources.
He explained that legislative backing would provide stability, deepen local production and accelerate industrialisation.
He also used the forum to urge journalists covering legislative and economic issues to situate policy decisions within their broader industrial context, particularly measures designed to protect domestic production.
Drawing comparisons with global trade practices, he noted that countries routinely adopt protective measures to support local industries and build technological capacity. Such policies, he said, are aimed at job creation, technology transfer and long term economic resilience.
Osanipin disclosed that Nigeria has made progress in local automotive innovation, including the design and production of tricycles using locally sourced materials and growing capacity in compressed natural gas vehicle assembly.
The Council, he added, has trained more than 15,000 technicians nationwide to strengthen after sales services and technical sustainability within the sector.
Nigeria currently spends trillions of naira annually on vehicle imports and spare parts, a trend the Council aims to reverse through a localisation programme targeting domestic production of selected automotive components.
He explained that while no country manufactures every vehicle component, Nigeria has identified parts that can be produced locally and is working with assemblers and manufacturers to expand domestic capacity.
The DG further revealed that global manufacturers including Toyota, Volkswagen and Ford have inspected Nigerian facilities and expressed surprise at the level of infrastructure available in the country.
He said some advanced production equipment in Nigeria ranks among the most sophisticated on the continent, yet receives limited visibility in public discourse.
The Council’s chief executive linked automotive development to broader economic goals, noting that the sector supports industrial diversification, conserves foreign exchange and positions Nigeria to benefit from continental trade frameworks through stronger local content.
Osanipin emphasised that improved understanding of sectoral policy among legislative reporters would enhance public discourse and support evidence based decision making.
The DG expressed confidence that improved policy communication and informed legislative reporting would strengthen Nigeria’s push to expand its automotive footprint across Africa.
Chairman of the House Committee on Media and Public Affairs, Akintunde Rotimi, underscored the need for specialised knowledge among legislative reporters, saying informed media coverage is essential to translating industrial policy into public understanding and national development outcomes.
Rotimi said the engagement reflects a deliberate strategy by the House to strengthen professionalism within its parliamentary media ecosystem and ensure legislative reporting keeps pace with increasingly complex policy issues.
The Chairman of the Nigeria Union of Journalists FCT Council, Grace Ike, called on legislative reporters and media professionals to strengthen policy focused reporting on Nigeria’s automotive industry, saying informed journalism is vital to public understanding, investment attraction and accountability.
Ike described the training as a strategic intervention aimed at equipping journalists to translate complex sectoral policies into accessible public knowledge capable of shaping national development outcomes.
On his part, the Chairman of the House of Representatives Press Corps, Gboyega Onadiran, called for stronger national commitment to local automotive production, warning that Nigeria’s continued dependence on imported vehicles is deepening economic pressure and undermining industrial growth.
Onadiran described the current moment as a critical turning point for Nigeria’s economy, noting that rising costs in transportation, logistics, food distribution and industrial production have been worsened by exchange rate volatility and heavy reliance on imported vehicles and spare parts.
NEWS
Nasarawa Varsity Partner Vocational Institute to Train 500 Furniture Artisans
Nasarawa State University, Keffi and Prince Interior Vocational Institute have taken a significant step toward strengthening entrepreneurship and practical skills development among its students aimed at training professional furniture artisans.
The collaboration, formalised through a Memorandum of Understanding (MOU), is expected to produce over 500 furniture artisans within two years.
In her remarks during the signing of the MoU, the Vice-Chancellor of the university, Prof.
Sa’adatu Liman said that the collaboration was one of the criteria for TETFUND guidelines in entrepreneurial development output.Liman commended the company for finding the institution a worthy and reliable partner for the entrepreneurial and vocational project.
According to her, the partnership will be beneficial to the entire university community.
Earlier, the Director of the university Entrepreneurship Development Centre (EDC), Prof. Rashidah Olanrewaju, said the university students will benefit from about 50 different skills in the EDC.
She appreciated the company for the partnership and wished the partners a successful and fruitful collaboration.
The Chief Executive Officer, Prince Interior Vocational Institute, Emeka Owgueke explained that the programme targets the establishment of a medium-scale furniture workshop on campus.
He said that the workshop will be equipped with the basic machines to sustain production and reduce the university’s overhead costs on furniture procurement.
According to Owgueke, the partnership represents a shared vision to create opportunities for young Nigerians to acquire marketable skills and build sustainable businesses within the furniture and interior design industry.
He explained that participants in the programme will be exposed to the entire furniture production value chain, including raw material sourcing, product manufacturing, finishing, branding, marketing, and distribution.
He said under the agreement, students of the university will receive hands-on training in furniture making, interior product design, and business development.
” Under the agreement, university students will be enrolled at Prince Interior Vocational Institute to acquire hands-on, certified training in furniture making, interior product design, and business development.
He commended the leadership of the University for recognising the importance of vocational education and enterprise development in addressing youth unemployment and building a resilient local economy.
“We are deeply grateful to Prof. Sa’adatu Liman and the leadership of the Nasarawa State University for recognising our uniqueness and extending this incredible opportunity to us.
” This partnership is more than an academic arrangement — it is a shared commitment to opening doors for more young Nigerians to boldly step into their career journey, whether from scratch, brushing up existing skills, or upgrading to the next level in the interior and design space.”
Students gain profitability-focused mentorship covering production, pricing, branding, and distribution of furniture goods.
Foreign News
Pope Leo Calls for Ceasefire in Middle East War
Pope Leo calls for a ceasefire and denounces “horrific violence” in the Middle East
Pope Leo XIV has called for a ceasefire in the Middle East conflict as Israel and Iran continue to trade blows and the death toll across the region mounts.
“On behalf of the Christians of the Middle East and all women and men of good will, I appeal to those responsible for this conflict: cease fire,” Leo said today after the Sunday Angelus prayer in Vatican City.
The first American pontiff said people in the region have been “suffering the horrific violence of war” for the past two weeks since the conflict broke out.
“Thousands of innocent people have been killed and many more forced to flee their homes. I once again offer my prayers to all those who have lost loved ones in the attacks that have struck schools, hospitals and residential areas,” he said.
Leo added that “violence can never lead to the justice, stability and peace that the people are waiting for.”
FAAC Shares N1.894trn Feb Revenue to FG, States, LGCs
By Tony Obiechina, Abuja
A total sum of N1.894 trillion, being February 2026 Federation Account Revenue, has been shared to the Federal Government, States and the Local Government Councils.
The revenue was shared at the March 2026 Federation Account Allocation Committee (FAAC) meeting held in Abuja, according to a statement by Bawa Mokwa, Director of Press and Public Relations at the weekend.
The N1.894 trillion total distributable revenue comprised distributable statutory revenue of N1.274 trillion, distributable Value Added Tax (VAT) revenue of N619.119 billion.
A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N2.230 trillion was available in the month of February 2026. Total deduction for cost of collection was N77.302 billion while total transfers, refunds and savings was N259.078 billion.
According to the communiqué, gross statutory revenue of N1.561 trillion was received for the month of February 2026. This was lower than the sum of N1.957 trillion received in the preceding month by N395.138 billion.
Gross revenue of N668.450 billion was available from the Value Added Tax (VAT) in February 2026. This was lower than the N1.083 trillion available in the month of January 2026 by N414.710 billion.
The communiqué stated that from the N1.894 trillion total distributable revenue, the Federal Government received a total sum of N675.088 billion and the State Governments received a total sum of N651,525 billion.
The Local government Council received N456.467 billion, while the sum of N110.949 billion (13% of mineral revenue) was shared to the benefiting State as derivation revenue.
On the N1.274 trillion distributable statutory revenue, the communiqué stated that the Federal Government received N613.174 billion and the State Governments received N311,010 billion.
The Local Government Councils received N239.776 billion and the sum of N110.949 billion (13% of mineral revenue) was shared to the benefiting States as derivation revenue.
From the N619.119 billion distributable Value Added Tax (VAT) revenue, the Federal Government received N61.912 billion, the State Governments received N340.515 billion and the Local Government Councils received N216.692 billion.
In February 2026, Oil and Gas Royalty and Excise Duty increased significantly while Petroleum Profit Tax (PPT), Hydrocarbon Tax (HT), Companies Income Tax (CIT), CGT and SDT and Value Added Tax (VAT) decreased substantially.
Import Duty and CET increased marginally


