VP, Osinbajo Says- ‘Nigerian Spends $8b Yearly On Automotive Designs

Vice President of Nigerian, Osinbajo says  Nigeria spends $8b on the importation of vehicle yearly.

He said,

Every yearly Nigeria spends $8b on importation of motor vechile yet the citizen are still suffering for unemployment.
Even the imported vechicle are not well constructed and not safe for the citizens.

 
Osinbajo said that the MoU was a major step towards the development of a robust automotive industry, to contribute to the economic development of the country.