The National Automotive Design and Development Council (NADDC) says Nigeria’s proposed End-of-Life Vehicle (ELV) policy is projected to generate about N150 billion annually for the economy.
The Director-General of NADDC, Mr Joseph Osanipin, during an interactive session with journalist in Abuja, said this could be achieved through recycling, parts recovery and other value-chain activities.
Osanipin said that the policy, scheduled for implementation in 2026, would establish a structured system for the disposal and recycling of vehicles that have reached the end of their usable lifespan.
“In developed countries, when you buy a new vehicle, you make a payment at the point of registration towards the disposal of that vehicle at the end of its life.
“That is why you do not see abandoned vehicle parts on the roadside or at mechanic workshops,”he said.
Osanipin said the policy would require vehicle owners to make a modest contribution at registration to fund an ecosystem responsible for environmentally safe dismantling, recycling and recovery of vehicle components.
According to him, more than 85 per cent of parts from end-of-life vehicles remain reusable or recyclable,.
“Instead of abandoning vehicles by the roadside, people can turn them in and value can be created from them.
“The circular economy associated with this can run into billions of naira and the ELV framework will also stimulate the development of second-hand parts markets and create employment opportunities across the country,” he said.
The NADDC boss reiterated that while the policy offeres strong economic benefits, environmental protection remained the primary driver.
“The most important reason is the environment and the health of the people,” he said.
The director-general acknowledged that the policy might face resistance due to the introduction of small fees, but said sustained public enlightenment would be carried out.
“Sometimes, what is good for you, if you are not told, you may not be willing to accept it. Therefore, there is the need for media support in educating the public on the long-term benefits of the policy,” Osanipin said.
