The Federal Government has been urged to tackle the enormous challenges confronting the nation’s auto industry in order to bring a lasting solution to the problem of economic underdevelopment in Nigeria.
The Managing Director, BKG Exhibition Limited, Mr. Ifeanyichukwu stated this recently during the opening ceremony of 13th Lagos Motor fair and 7th Autoparts Expo Africa held at the Federal Palace Hotel, Victoria Island, Lagos.
He said, ‘’ based on the empirical evidence of the potentials of the industry, as it continuously plays strategic and catalytic roles in economic development, increase in Gross Domestic Product as well as Small and Medium Enterprises development, which are key to robust economic development; It is therefore, pertinent for the government to, as a matter of urgency, provide solution to these challenges to step up economic development.
According to him, ‘’ Nigeria is very important to the global automotive business, as virtually all brands in the industry compete to enter and capture the market,’’ adding that, ‘’ the nation obviously needs to have internationally recognized auto shows to help in showcasing and opening this important market and its potentials to attract the much desired investment to develop the sector.
The BKG boss, therefore, solicited for the support of the government at all levels, companies that operate in the sector, and other stakeholders.
“This support,” he noted, “is important because exhibitions are one of the key drivers of rapid development of the sector and most importantly, no serious investment in this key sector is a waste, rather the multiplier positive effects are unquantifiable.”
According t Autospare Parts and Machinery Dealers Association (ASPMDA). If you go to the market, you will find out the wonderful work the organization is doing. People come to source for their autoparts from Ivory Coast, Ghana and other West African Countries. That has been my point about the auto policy in Nigeria. I told the government that the best way to also achieve importantly increased participation in the auto sector is by focusing on autoparts.Let’s be honest to ourselves, you cannot really assemble automobiles without tyres and other autoparts. So, we need to start with autoparts to be able to graduate into assembling and then manufacturing.
Apart from Autoparts, Accessories, Lubricants exhibitors at the fair, auto companies which participated includes Coscharis Motors Plc., Toyota Nigeria Limited, Pan Nigeria Limited,Kojo Motors Limited, Koncept Autocentre Limited, Tata Africa Services (Nigeria) Limited, Asia-Africa International Fze/Saic-Iveco Hongyan, among others.