May 31, 2024

Organiser of Lagos Motor Fair, Autoparts Expo tasks FG on spare parts production

By Willie Samson

BKG Exhibitions, organisers of the Lagos Annual Motor Fair and Africa Auto Expo has advised the Federal Government to urgently review the on-going auto policy with the view to giving spare parts manufacturing a priority in the policy .

Mr. Ifeanyi Agwu, Managing Director, BKG Exhibitions, gave the advice while announcing the date for the 18th Lagos Motor Fair and 11th Africa Autoparts Expo which holds from June 4 to 6, 2024. 

According to him, the Federal Government should  focus more on spare parts manufacturing in place of vehicle assembling, explaining that spare parts manufacturing is the place where the real technology transfer takes place. “It involves precision and proper planning more than the coupling that takes place in assembling. This will give rise to establishing more Original Equipment Manufacturers and increase employment.” There should be a review of the ongoing auto policy to make it achieve the desired ends.”

 As part of the effort to raise the profile of the event, the BKG boss said: “The organisers of the annual Lagos International Motor Fair & Africa Autoparts Expo incorporating the Africa Motorcycle & Tricycle Expo, disclosed that the forthcoming edition of the all-inclusive event is aimed at reinforcing their focus on enhancing the development and attaining of a thriving automotive industry in West Africa using Nigeria as the hub.”

He further noted: “Nigeria is endowed with natural as well as man-made resources to become one of the most vibrant automotive industry giants in the world and as such, we, in partnership with other like-minded players, will always deploy all we can to see that the country attains this height sooner than expected. This informs our resolve to use our events despite the challenges which keep increasing, to support the rapid growth of the industry event.”

According to Agwu, the Chairman of the Organising committee: “We have been using the events over the years to drive more investment into automobile spare parts and accessories manufacturing in Nigeria as well as boosting aftermarket activities in the sector with the objective of showcasing the capacities and potentials of this important sector of the economy.

Agwu, who is also the Managing Director of BKG Exhibitions Limited, further revealed that to achieve these, this edition of the event will focus on Business-To Business interface between the exhibiting Original Equipment Manufacturers, OEMs, and dealers in auto parts from major auto parts across Nigeria and some neighbouring countries, which he said have been reached out to for the event..

“We are aiming at using such platform to see to working business partnerships between them and the OEMs that will lead to them setting up plants in Nigeria to manufacture parts and accessories.” The event is aimed at spurring the rapid springing up of companies that manufacture these components parts and use it to enhance the policy leading to the establishment of a virile automotive sector in the country..

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