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OEMs set for Lagos Motorfair, Autoparts Expo

The organisers of the annual Lagos International Motor Fair & Africa Autoparts Expo incorporating the Africa Motorcycle & Tricycle Expo have disclosed that the forthcoming edition of the all-inclusive event is aimed at reinforcing their focus on enhancing the development of the automotive industry in West Africa using Nigeria as the hub.

Chairman of the organising committee of the annual  exhibition said, Ifeanyichukwu Agwu,  “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.

The event is aiming 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. 

He advised the federal government to focus more on spare parts manufacturing in place of assembling, stating that spare parts 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 the establishment of more OEMs and increase employment”.

While admitting that organizing the event has been very challenging, he said that the organisers are only trying to find a way to push it as a key event in the sector.  We cannot but use the event to draw the necessary attention to the sector.

He called on the government to bail out the automobile companies operating in the country, adding that it is a sector that affects virtually everything and occupies a prime position in the economy.

Over 100 Original Components Manufacturers from China, India, South Korea, South Africa, Singapore, Turkey, Nigeria, etc. including major automobile distributing/manufacturing companies in Nigeria are showcasing at the event.