The Director General National Automotive Design and Development Council (NADDC) Mr Jelani Aliyu MFR has notified the Chinese foreign investors that investment opportunities abound in Nigeria automotive industry.
Jelani made this known during a paper presentation on the state of Nigeria auto industry at the conference hall of Guangrao Exhibition centre at the 10th China (Guangrao) International Rubber Tyre and Auto Accessories Exhibition held at Guangrao ,China 15th-17th May, 2019.
He informed the Chinese Auto Investors that the NADDC is primarily charged with the responsibility of developing and promoting the Automotive Industry in Nigeria, adding that the council in line with its mandate has successfully developed the Nigeria Automotive Industry Development Plan (NAIDP) with the objective of reviving the automotive sub-sector of the economy.
He said the Auto policy developed by the council was technically packaged to create enabling environment for Auto investors in Nigeria, particularly to protect and promote the companies that are manufacturing in Nigeria, stating that the policy which would soon be signed into law has succeeded in bringing back a good number of auto assembly plants into Nigeria and presently focused on resuscitating the auto components industry to match the assembly plants currently manufacturing in Nigeria.
Jelani met with the Mayor of Guangrao county, Miss Yuan Chen to discuss possible means of establishing a synergy with the china auto components manufacturers for the purpose of promoting tyre and other auto accessory in Nigeria.
The NADDC delegation also engaged other auto components manufacturers in an elaborate deliberation to explore avenues of partnership to leverage the automotive sector of the Nigerian economy and achieve a win-win situation for both countries.
Other Auto Components factories visited included the Hongsheng Tyre Company-manufacturing vehicle tyre and other rubber accessories; The Xinyi Group- a company producing accessories such as brake pads, brake disc, muffler, catalytic Converter, Engine connecting Rod, etc.