The organisers of the annual Lagos International Motor Fair & Autoparts Expo Nigeria have disclosed that the forthcoming edition of the Fair is aimed at helping to rev activities in the auto sector of the economy.
According to the Managing Director BKG Exhibitions Limited, Mr. Ifeanyichukwu Agwu, who is also the Chairman of the Organising Committee for the event, the lull in the sector is taking a lot of shine out of the industry making it difficult for stakeholders to showcase the capabilities in the sector.
Stressing the importance of the event, Mr. Agwu said that using the theme “One Expo; Continental Spread,” the event aims at showcasing the importance of the Nigerian market as the hub of automotive business in Sub-Sahara Africa; and one that is highly rewarding for investments.
“We are going to add more pep to promoting the spare parts sub-sector. Thisis informed by the determination of the Organizers to champion the development and thriving of autoparts sub-sector as leeway to fast-tracking the development of Nigeria’s automotive industry. “In this edition as we have been doing for sometimes now we will champion the autoparts section to seeing to making Nigeria become the hub of the business in Africa. We want to make it a strong point of real taking off of a realizable auto policy”.
The Chairman advised government to focus attention on encouraging spare parts manufacturing, because, according to him, that is where the real technology transfer takes place. He argued that with the necessary incentive more Original Equipment Manufacturers, will come on stream and increase employment.
“Organising the event has been very challenging we 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 on the sector. Government should bail out the automobile companies operating in the country. It is a sector that affects virtually everything. It occupies prime position in the economy. If it is not done now it will in the very near future affect a whole lot in the life of the people and economy. The challenges of hosting this event is becoming daunting but our drive in continuing is that the sector must not be allowed to die.”
Urging every stakeholder to endeavour to participate in the event scheduled to take place at the Federal Palace Hotel, Ahmadu Bello Way, Victoria Island, Lagos, from May 7 to12, 2019, Mr. Agwu added that doing so would be an opportunity for all to show the resilience of the investors in the industry, the policy inconsistency notwithstanding.