President Muhammadu Buhari has expressed regrets over Nigeria’s inability to make meaningful progress on automobile initiatives started in Bauchi, Kaduna and Ibadan.

In a statement issued by his special adviser media, Femi Adesina, President Buhari said that Nigeria identified her problems early enough but did not do much to address these problems.

The President said this when he received Executive Members of Association of Africa Automotive Manufacturers, AAAM, led by the chairman, Jeff Nemeth.

“We must avoid the mistakes made in the past by both government and manufacturers, and we are ready to get investment from all quarters, so that we can improve the lives of our people,” the president was quoted as saying.

He added that “We are making efforts to start our steel industry all over again. I see vast opportunities for both the country and those who invest here.”

Leader of the delegation, Nemeth said the Association is comprised of potential investors who are ready to unlock investment potentials on the African continent.

He called for the support of the present administration in order to realize the association’s vision and mission.

He said: “We are ready to offer strategic partnership with Nigeria. We want to promote investor-friendly regulatory frameworks and sustainable manufacturing.

“We will equally promote infrastructure development, job creation, and skills transfer.”