The Federal Government has committed to enforcing the End-of-Life Vehicles (ELV) Regulation, which seeks to safeguard the environment and turn waste into economic opportunities.
Minister of State for Industry, Trade, and Investment, Sen. John Enoh, made this known at a stakeholders’ engagement organized by the National Automotive Design and Development Council (NADDC) on Wednesday in Lagos.
He stated that Nigeria has the potential to develop a multi-billion-dollar industry from waste, creating a vast and valuable economic chain.
“I don’t think this sector will be sidelined. Instead, it will be empowered. If we establish it now, we will have waste collectors and green entrepreneurs.
“A sector worth about 60 billion dollars globally is growing, and Nigeria cannot afford to be left out. Considering our circumstances, we must take a central role.
“Of the 500,000 vehicles imported into Nigeria annually, about 400,000 are used. This leaves the country highly exposed to environmental hazards.
“This waste is inevitable. It is crucial that we adhere to this regulation, which is designed to protect our environment from the dangers posed by aging vehicles.
“In today’s world, waste is no longer just waste; it is an untapped resource. Used vehicles are no longer discarded but repurposed to create value,” he said.
The minister praised NADDC Director-General Joseph Osanipin for his dedication to advancing Nigeria’s automotive industry.
“We must move beyond mere discussions. We need results and immediate action. I commend the DG for his efforts, which are truly commendable.
“Today officially marks the implementation of the ELV regulation. I urge industry players, government agencies, and the public to work together for its success.
“We must unite to build a cleaner, safer, and more prosperous Nigeria. This initiative will improve public health and overall well-being.
“I commend everyone involved. This sector is vital. In the past, we only paid lip service to it, but now is the time for action,” he said.
Experts, including Dr. Fyneray Mbata, Mr. Idowu Oresanya, Dr. Chimere May, and Dr. Kemjika Ajoku, presented papers on ELV’s environmental impact and scrap industry transformation.
In his welcome address, Osanipin expressed appreciation for stakeholders’ support in making ELV a reality.
