In a strategic effort to cut down on the nation's reliance on imported vehicle spare parts, the Federal Government of Nigeria has established frameworks to kick-start local production of essential automotive components.
This ambitious initiative is anticipated to save the country an estimated $1 billion each year, which is currently spent on importing spare parts.
The move is part of broader economic reforms aimed at bolstering local industries, creating jobs, and conserving foreign exchange reserves.
The government’s focus on developing local manufacturing capabilities signals a significant step towards self-sufficiency and sustainable economic growth.
The National Automotive Design and Development Council (NADDC) has spearheaded this initiative, with Director General Joseph Osanipin announcing the breakthrough at an event in Abuja on Saturday.
The event marked the conclusion of a two-week training program for auto engineers and software automotive designers, conducted in collaboration with South Korea’s Midas IT Co. Fifteen participants benefited from the training, which focused on Midas NFX software for automotive design skills.
Representing the DG, Fidelis Achiv, Director of Research Design and Development, emphasized the council’s readiness to produce spare parts for over 11 million vehicles on Nigerian roads.