Proposed End-of-Life Vehicles regulation will generate N100bn

The implementation of the proposed national End-of-Life Vehicles (ELV) recycling regulation in the country is expected to generate about N100 billion in annual revenues to the federal government, Director-General, National Automotive Design and Development Council (NADDC), Mr. Jelani Aliyu has said.

The policy, he added, would further create 40,000 direct and indirect jobs and among other things protect the environment from hazards as well as keep the roads and highways safer.

Aliyu, while commenting on the proposed vehicle recycling policy which is awaiting regulatory approval, said one of the ways by which Nigeria could jump-start clean mobility is by creating policies and regulations to encourage automotive recycling plants.

He said the council had proposed to develop pilot automotive recycling plant for environmentally friendly recycling and material recovery accessible to the public.

Speaking at a one-day validation workshop on End-of-Life Vehicles Regulation and presentation of data baseline study on automotive waste recycling in Nigeria, which was organized by the NADDC, in partnership with the and Economic Development Initiative of Nigeria (REDIN) and the National Environmental Standards and Regulations Enforcement Agency (NESREA), Aliyu, described the ELVs as vehicles that reached end-of-life yearly due to age, poor maintenance and traffic accidents.

He said these vehicles become traffic and environmental hazard, and have the potential of polluting the environment if not properly disposed of, causing long term negative environmental impact.

He stated that proper management of ELVs could transform the potential environmental hazards to useful raw material which can be utilised by industries and create thousands of job opportunities for the teeming youths.