Nigeria Reaffirms Commitment To Automotive Industry Growth

By ebosele@hotmail.com

The Nigerian Government has reaffirmed its commitment to strengthening automotive industry through policy reforms, increased investment, local manufacturing and improved access to regional markets.
The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, gave the assurance at the opening of the 26th Abuja International Motor Fair at Eagle Square, Abuja.
The event, organised by the National Automotive Design and Development Council (NADDC) in collaboration with BKG Exhibition Limited, attracted government officials, policymakers, investors, vehicle manufacturers, assemblers, industry associations and other stakeholders.
Speaking at the ceremony, Oduwole highlighted the automotive industry’s potential to generate employment, stimulate economic growth and strengthen linkages with other critical sectors of the economy.
She said the Federal Government was working to leverage the African Continental Free Trade Area (AfCFTA) to expand market access for locally manufactured automotive products and position Nigeria as a major player in Africa’s automotive value chain.
The Minister stressed the need for a legal framework that reflects contemporary realities in the automotive industry, as well as improved access to financing for manufacturers and consumers.
She also identified opportunities for the automotive industry to stimulate growth in the solid minerals, iron and steel sectors, while creating employment across the value chain.
Oduwole reaffirmed the government’s commitment to supporting local industry players to access the wider African market while ensuring that Nigerians have access to quality vehicles.
In his welcome address, the Director-General of NADDC, Otunba Oluwemimo Joseph Osanipin, underscored the importance of strengthening the legal and institutional framework governing the automotive industry to address emerging trends and create an enabling environment for sustainable growth.
He identified improved access to locally manufactured vehicles and the development of a robust spare parts market as critical to meeting the needs of vehicles currently in use across the country.
Osanipin reaffirmed the Council’s commitment to unlocking the full potential of Nigeria’s automotive industry, while commending the Federal Government for its continued support towards strengthening local production capacity.
According to him, building a sustainable automotive industry remains essential to meeting the country’s vehicle needs and expanding local manufacturing capabilities.
The 26th Abuja International Motor Fair provides a platform for showcasing automotive innovations, promoting locally manufactured products, facilitating business-to-business engagements and strengthening partnerships among industry stakeholders.
The fair, which runs from November 10 to 13, 2026, features vehicle assemblers, automotive manufacturers, component parts producers and other industry players showcasing their products, technologies and innovations.
Entry is free, with members of the public, prospective vehicle buyers, investors and automotive enthusiasts encouraged to visit the exhibition stands, interact with manufacturers and assemblers, and explore available products.

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