In line with the investment promotion drive of the Nigeria Auto Industry development Plan (NAIDP), the Director-General of the National Automotive Design and Development Council (NADDC), Oluwemimo Joseph Osanipin has brought to light the investment opportunities that abound in the Nigeria Automotive Industry.
Addressing industry players during the Nigeria- Morocco Business Week held in Morocco recently, Osanipin highlighted local components manufacturing, electric vehicles (EVs), EV infrastructure, and gas-powered vehicles as the major key areas of investments.
He emphasized that Nigeria is an attractive destination for automotive investment in view of it’s abundant gas reserves and huge population.
The Nigeria- Morocco Business Week is a significant event aimed at strengthening bilateral economic ties between the two nations. The event provided a platform for networking, knowledge sharing and exploring potential collaborations.
Keynote speeches by high-level officials from both Nigerian and Moroccan governments, further underscored the importance of the bilateral economic cooperation.
The high-powered delegation and other participants led by the Minister of State for Steel Development and his Moroccan counterpart also visited the NADDC pavilion and were handed the Nigeria Auto Policy for more insight into the investment opportunities in Nigeria’s automotive sector.
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