Automobile History, Nigerian Economy, Vehicle Manufacturing, Transportation Trends, Post-Independence Nigeria, Assembly Plants, Economic Challenges, Local vs Imported Vehicles, Automobile Industry Criticism, Technological Advancements

Newswatch . 23 August 1993 . Pg 31

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The automobile has become the most popular mode of transportation due to its speed, elegance, and convenience. The modern automobile's history began in the late 17th century, with significant advancements occurring in the early 20th century, particularly with Henry Ford's assembly line technique. In Nigeria, the automobile industry began to flourish post-independence in the 1960s, driven by a new elite class and a booming oil economy. Despite the establishment of several vehicle assembly plants, the industry has struggled to localize manufacturing and keep vehicle prices affordable. Criticism has arisen regarding the high costs of locally assembled vehicles compared to imported ones, exacerbated by government policies and economic challenges.

Summary

Summary may not be accurate; generated by machine learning.

The automobile has become the most popular mode of transportation due to its speed, elegance, and convenience. The modern automobile's history began in the late 17th century, with significant advancements occurring in the early 20th century, particularly with Henry Ford's assembly line technique. In Nigeria, the automobile industry began to flourish post-independence in the 1960s, driven by a new elite class and a booming oil economy. Despite the establishment of several vehicle assembly plants, the industry has struggled to localize manufacturing and keep vehicle prices affordable. Criticism has arisen regarding the high costs of locally assembled vehicles compared to imported ones, exacerbated by government policies and economic challenges.