The Federal
Executive Council (FEC) Wednesday approved a new automotive policy aimed at
transforming Nigeria's automotive industry.
It also
approved N39 billion for the rehabilitation and expansion of some roads in
the Federal Capital Territory (FCT).
The approval
of a new automotive policy, according to Minister of Information, Labaran Maku,
was sequel to the proposal brought to the council by the Minister of Industry,
Trade and Investment, Dr. Olusegun Aganga, seeking the nod for the policy
to transform the Nigerian automotive industry and attract investment into
the sector.