Written by Sarah NEGEDU

International interest will drive automotive industry - Enelamah

The federal government is positive that the recent visit of foreign investors and consultants from the automotive industry will serve as a boost for the development of the sector.

Minister of Industry, Trade and Investment, Mr. Okechukwu Enelamah described the visit of the more than 20 foreign investors as a contact that could further push the automotive industry in Nigeria.

Enelamah said, “It is an encouraging expression of confidence in the leadership of the country and our spirited efforts to exploit the socio-economic potential of the automotive sector in the country to the fullest for the benefit of all Nigerians.

“The visit also offered networking opportunities for Nigerians in the auto industry and other stakeholders. We are excited by the role the automotive industry plays in the strategic and catalytic economic development of countries. And we are committed to developing the sector speedily to facilitate the economic diversification of the country,” the Minister explained.

The Minister further stated that the international investors in the African automotive industry, who visited Abuja, Lagos and Edo State to engage various stakeholders, were in the country to have an insight into the business opportunities.

He said the visit would also enable them to build relationships and networks with key government and private sector figures, deepen the structured business links and investment between the private sector of Nigeria and South Africa.

“The intention of the investors is to domesticate aspects of their manufacturing and supply value chain in Nigeria,” he added.

 

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