Motoring

June 7, 2024

BKG boss warns against failure to reposition Nigeria’s auto sector

BKG boss warns against failure to reposition Nigeria’s auto sector

By Theodore Opara

THE Managing Director of BKG Exhibitions Limited, Mr. Ifeanyi Agwu has cautioned that if the nation’s auto industry is not rightly re-positioned now, it will in the near future, negatively affect a whole lot in the life of the people and the economy.

Mr. Agwu who is also the chairman, organizing committee of the Lagos Motor Fair and Autoparts Expo Africa stated this at the opening ceremony of the 16th Lagos Motor Fair holding at the Federal Palace Hotel in Lagos.

According to the BKG boss: “The sector is very important, as it shows physically the state of the economy and generates much revenue and creates enormous employment.”

“To this end, he said “No serious government toys with it. It is the sector that affects virtually everything. If it is not rightly re-positioned now, it will in the very near future, negatively affect a whole lot in the life of the people and economy.”

He advised the Federal Government to parley seriously with the sector stakeholders with the aim of making it thrive.

“There is an urgent need for all stakeholders to close ranks and pursue the development of the sector with more focus and dedication,” he said.

They need to ensure unity of purpose and always utilise every window of opportunity such as the Lagos Motor Show, to draw attention of policy makers and implementers to the challenges in the sector, he further advised.

He also called on the Federal Government to urgently come out with the promised reviewed National Automotive Industry Development Plan, NAIDP that will reflect the realities and developments, its non-too cheerful implementation has thrown up.

According to him, the global decarbonisation agenda has brought some challenges that the industry in Nigeria cannot afford not to rise up to. Adding that, it looks as if we are racing against time, which does not argue well for the people and economy of Nigeria as well as other stakeholders.

Meanwhile, Mr. Agwu said that in keeping with their vision and mission in the auto industry, they will always use the event to celebrate the Nigerian and global automotive industry no matter the challenges. “Our gathering in this venue at this time is a demonstration of our dedication and commitment to this very important sector of the economy. It is an ample opportunity for showcasing the strength, capability, and ruggedness of the players in the sector, the daunting challenges, notwithstanding.”

“This edition is holding as always, to help in ensuring that the automotive sector of the Nigerian economy is better positioned to attract the needed investments to rapidly develop it. I therefore restate that it is imperative for the Federal government to re-institute and drive a well-thought-out policy and programme to rejig the sector to see to the making of Nigeria the hub of automotive business in West Africa in particular and the entire continent in general,” he stated.

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