Reps’ N3.5bn acquisition of Peugeot cars trigger for auto industry – NAMA

The Nigerian Automotive Manufacturers Association (NAMA), has applauded the leadership and members of the House of Representatives for embracing the cause to develop the nation’s nascent automobile manufacturing industry by acquiring locally assembled Peugeot 508 sedans manufactured by PAN Nigeria, describing the action of the lawmakers as “a trigger” for local automobile assemblage industry.

The chairman of NAMA, Mr Tokunbo Aromolaran said unlike the Senate, the representatives did well to put aside their personal aggrandisement at a tough time like this to procure locally assembled cars, adding that by this action, they have identified with the sufferings of Nigerians.

The House of Representatives and the management of PAN Nigeria, local assemblers and distributors of Peugeot vehicles have concluded a deal to supply 360 units of Peugeot 508 sedan assembled at the company’s Kaduna plant to the House in June this year.

LEADERSHIP gathered that at the rate of N6.9 million each, the locally assembled Peugeot 508 Allure will cost a total of N3.5 billion for all 360 members, compared to N3.9 billion earmarked by the upper house, the Senate to acquire imported Toyota land cruisers for its fewer 108 members, excluding the chamber’s president.

Aromolaran said what the automobile manufacturing industry needs now is a patriotic gesture such as this action of the reps to trigger the industry which is capable of creating millions of jobs directly and indirectly, as well as becoming a veritable avenue for the government’s much coveted economic diversification.

“Locally assembled Peugeot cars will roll out of the Kaduna plants over the next four months to the waiting hands of the people’s representatives. Hundreds more people will be employed and trained, locally suppliers will be engaged round the clock, they in turn will employ support staff to carry out various subcontract jobs and from there maintain their families. Value added to our steel product, rubber extract, glass sheets and plastics from our petrochemical plants will flourish.

“All our industry needs is that trigger. From there, we will acquire the capacity to expand our facilities to produce more units at lower prices moving gradually towards global competitiveness and self-sustainability. All thanks to supporters of local industry like the lower house,” he said.

He however berated the upper house for choosing imported Toyota Jeeps, instead of buying models assembled in the country on order to create job and wealth in the country.

Specifically, the NAMA boss noted the patriotism of Senator Ben Murray Bruce, who chose the Nigerian-made IMV5 jeep built by Innoson Motors Company at its Nnewi plant.

He also called on the Burea of Public Procurement to help the young local automotive manufacturing industry by ensuring that public officials buy locally made vehicles as recommended by the federal government, through the office of the SGF.

Also speaking on the lawmakers’ patronage of PAN Nigeria, the company’s national sales manager, Mr Adewole Aderungboye said the decision of the House of Representatives to acquired cars made in Nigeria was a huge encouragement to the company.

He also noted that the gesture would encourage Nigerians to deepen their patronage for locally made vehicles which have same globally accepted standards with other vehicles made anywhere in the world.