Business
Association Optimistic Over Emerging Vibrant Automotive Industry
The African Association
of Automotive Manufacturers, has expressed optimism about the emergence of a vibrant automotive industry in Nigeria soon.
The association’s Chairman, Mr Jeff Nemeth, gave this indication while addressing the State House correspondents after a meeting with President Muhammadu Buhari in the Presidential Villa in Abuja.
According to him, the association’s focus is to drive investment not only in automotive industry but also in infrastructure and skills development to boost job opportunities in the country.
“So, our focus is on driving investments not only in the industry but also in infrastructure as well as skills development and the promotion of investor-friendly regulatory frameworks that provide stability and sustainability in industrial development such as automotive.
“So, the discussions that we had both with the minister as well as His Excellency the President, we believe will lead to future engagements which will allow us to see an emergence of an automotive industry in Nigeria.
“So, we are very encouraged by the development.’’
He stressed that the association would ensure stability and sustainability of development in the country through investors’ friendly regulatory framework.
The chairman expressed satisfaction at the discussions with the Nigerian government, saying it would likely lead to “ a vibrant automotive industry” in the country.
Nemeth said that his association had impacted positively on the economies of some African countries such as South Africa, where the industry had so far employed nearly700,000 people.
“We have seen the positive effects of the automotive manufacturing on different countries on their economies and on their unemployment.
“As a point of example, another African country that has automobile industry is South Africa and the overall employment levels generated by the industry is about 700,000, including the whole value-chain in the industry.’’
Business
NIMASA Marks 2025 Customer Week, Pledges Service Excellence

Business
SEME Customs Foils Smuggling Attempt Of Expired Flour, Seizes N2bn Contraband

Business
LASG UNVEILS GROUNDBREAKING OMI-EKO PROJECT AT FIVE COWRIES TERMINAL

-
News4 days ago
ASUU Begins Two-Week Strike Today
-
Sports4 days ago
S’Eagles Survive Plane Malfunction Emergency
-
News7 hours ago
Digital Infrastructure Key To Nigeria’s Economic Growth -NIEEE
-
Oil & Energy4 days ago
Gencos’ Debts: NDPHC Commends Tinubu Over N4tn Bond Approval
-
Education4 days ago
NAS moves to end Out-of-School syndrome in Enugu
-
Featured6 hours ago
Nigeria’s First Lady Flags Off Renewed Hope Health Initiative In Rivers …Targets Measles, Rubella, HPV Vaccination For Children, Women
-
Rivers4 days ago
Daewoo Restates Commitment To Transperancy In Tax Administration
-
Business4 days ago
SEME Customs Foils Smuggling Attempt Of Expired Flour, Seizes N2bn Contraband