Tag: Industry

Is Auto Industry Safe in President Buhari’s Hands?

Femi Owoeye08 mins

By: FEMI OWOEYE It is understandable that, with the continuous crash of the oil prices in the world market, government has been incapacitated financially. Notwithstanding, in a situation like this, economic theory of Opportunity cost and alternative forgone becomes handy. This is a period when relevant government policies, actions and inactions should naturally favour local…

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Nigeria Auto Industry Groans Under Forex Scarcity

Motoring World International05 mins

…Stakeholders Call for FG Intervention [dropcap]C[/dropcap]urrent scarcity of foreign exchange (FOREX) is taking heavy toll on Nigeria’s fledgling automobile industry, as auto assemblers are starved of foreign currency with which to procure KD kits they require for operations. As Motoring World gathered over the weekend, capacity utilization of affected plants might have dropped badly due…

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