Vice President Yemi Osinbajo, has assured the local vehicle industries that the new administration will always take a responsible decision that will promote and protect the local industries.

He gave the assurance when he received the management of PAN Nigeria Limited when they paid him a congratulatory visit at the presidential villa, Abuja.

Osinbajo expressed delight with the interest generated by the federal government’s National Automotive Development Policy (NADP) which so far has attracted about 15 automobile plants into the country.

“Peugeot has an advantage over all the assembled plant in Nigeria because you started the assembly plant with government many years ago,” the vice president stated, assuring company of the support of the new administration. He expressed his pleasure with the quality, standard and beauty of the Peugeot vehicles now on offer to customers.

The vice president, however, added that Nigerians resort to imported cars, either new or fairly used because they believe that these cars are cheaper. He, therefore, hoped that the company, being the leader in the automobile sector, would work towards making their cars more affordable without compromising the quality that it has been known for over the decades.

Reacting, the managing director, PAN Nigeria Limited, Mr Ibrahim Boyi congratulated the vice president on their election and successful inauguration.