Automotive association seeks stronger govt support for local auto components

The Automotive Local Components Manufacturers Association of Nigeria (ALCMAN) has called for stronger government support to boost local manufacturing of automotive components.
The chairman of ALCMAN, Anselm Ilekuba, made the call at the third Nigeria Auto Industry Summit on Thursday in Lagos.
The summit was organised by the Nigeria Auto Journalists Association (NAJA), in collaboration with the National Automotive Design and Development Council (NADDC).
It had the theme, “Nigeria’s Clean Mobility Future: The EV and CNG Journey Under the President Bola Tinubu Administration.”
According to Mr Ilekuba, Nigeria’s automotive industry cannot thrive without a robust indigenous component production base.
“Every vehicle assembled in Nigeria should increasingly incorporate locally manufactured components to strengthen industrialisation, create jobs and reduce dependence on imports.
“Indigenous component manufacturers possess the capacity and expertise to support vehicle assembly, but require consistent government policies.
‘’It also requires affordable financing, improved infrastructure and a market that prioritises locally produced goods,” the ALCMAN leader said.
He urged the federal government to strengthen implementation of the Nigerian First policy by giving local manufacturers fair opportunities to supply components where domestic capacity already existed.
He also called for stronger collaboration among component manufacturers, vehicle assemblers and other industry stakeholders to deepen local value addition and build a globally competitive automotive value chain.
“Expanding local component manufacturing will conserve foreign exchange, create millions of jobs, stimulate innovation and position Nigeria as a leading automotive manufacturing hub in Africa,” he said.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

Diaspora
U.S. court convicts felon Samuel Fapohunda for carrying illegal loaded Glock 19 pistol
A previously convicted Nigerian, Samuel Fapohunda, pleaded guilty in a United States federal court to illegally possessing a loaded Glock 19 pistol and ammunition.

Anti-Corruption
U.S.-based Ghanaian Nana Adonu jailed 70 months for romance scam
The government alleged that Ms Adonu received the proceeds from the scams through Han-Dak LLC, a company she operated to manage the scheme’s financial transactions.

Health
AXA Mansard introduces digital platform for easier access to health insurance
AXA Mansard has introduced Karis to simplify access to health insurance services and improve the experience of enrollees at healthcare facilities.

Politics
Nasarawa: APC governorship flag bearer defends Tinubu, unveils agenda
APC governorship candidate for Nasarawa, Ahmed Wadada, has defended President Bola Tinubu’s policies and programmes, citing improving economic indicators.

Rights
Lagos trains marriage registrars to curb domestic violence
The Lagos government has trained marriage registrars on effective premarital counselling to help couples build stable homes and prevent domestic violence.

Education
Reckless driving after final exam attracts N500,000 fine, ESUT warns students
ESUT has imposed a N500,000 penalty on any student driving recklessly within and around its premises after completing final examinations.




