A team of South African investors from the Department of Trade and Industry and other auto investors visited the Council to explore investment opportunities in the Nigerian auto sector.
Takalani Tambani, the leader of the delegation and the Acting Chief Director: Black Industries Division on special Economic Zones and Economic Transformation in the Department of Trade and Industry stated that the visit was necessitated by the knowledge that Nigeria is on the drive to industrialize the automotive sector of the economy.
He said that the delegation came purposely to engage the Council to explore areas of collaboration for investment promotion and industrialization in the local auto industry, adding that South Africa is willing to make tangible investments in the local auto industry if there is a clear understanding.
Responding, the Director General, NADDC, Engr. Aminu Jalal thanked the visitors for their interest and assured them that Nigeria is now on track in developing the auto industry. He identified numerous investment opportunities in the industry ranging download fonts from establishment of auto assembly plants, infrastructure for auto text centres and motor park development, local content development, after sales services etc.
He informed the visitors that the Council had shifted focus to local content development as a tool for market development in order to domesticate the auto industry.
He concluded by expressing Council’s readiness to collaborate with the South African investors for a meaningful investment in the auto sector.
There are expectations from both sides to facilitate the partnership in the available investment opportunities in the local auto industry.