The Chairman of the Nigerian Automotive Manufacturers Association, Tokunbo Aromolaran on Thursday said the Senate could save about N1.47bn on the amount it intends to spend on importing Sports Utility Vehicles, SUVs, for its members if it patronizes Nigerian-assembled SUVs.
Speaking at a press conference in Lagos, Aromolaran decried the lack of patronage of made-in-Nigeria products by government and its agencies, adding that local vehicle assemblers could provide luxury automobiles in the same category in terms of features and standards with those currently being purchased by the senators.
According to him, locally-assembled SUVs will be offered at a price about 50 per cent cheaper than those being imported by the Senate.
He said, “We showed them the price ranges and how it will make economic sense to patronise local manufacturers in terms of job opportunities for Nigerians.
“They would have saved between 40 and 50 per cent of the amount they are going to spend if they had bought from us.”
Aromolaran insisted that the SUVs being produced by the local assemblers are of the same quality as those being imported.
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