“A presentation was made by the National Automotive Design and Development Council on the great things that are happening in the automotive industry. It was that about six states in the country, including Lagos, Ogun, Anambra, Enugu, Akwa Ibom, Kaduna and Kano have benefited from the domestic production of vehicles or the assembly of vehicles by Nigerian companies operating in Nigeria.
“A great feat is that some of these companies have gone into the manufacturing or assembly of electric vehicles and vehicles powered by CNG – Compressed Natural Gas. The impact of this is that the pressure on the price of petroleum products particularly PMS will be reduced. The more we use electric vehicles and CNG powered vehicles.
“So, if that must happen, then we need to ramp up the production of electric vehicles and CNG vehicles.