President of Auto Spare Parts & Machinery Dealers’ Association (ASPMDA), Chief Daniel Offorkansi, has revealed that the association’s newly registered 2016 Constitution (as amended) will open up the plaza for more foreign and indigenous investments especially in local manufacturing of spare parts.
ASPMDA is the largest auto spare parts trading group in sub-Saharan Africa at the Lagos International Trade Fair Complex, Badagry Expressway.
Speaking shortly after a thanksgiving service held at Archangels Parish, Satellite Town, Lagos, Offorkansi noted that, “the Constitution has been registered by the Corporate Affairs Commission (CAC), Abuja, which means it has become our new law superseding the 1986 Constitution.
“The law will, among of other things, encourage influx of new investors into the market and open up existing businesses for growth, especially in local manufacturing of spare parts as law and order tailored to deepen investments in a serene business environment has come.”
He, therefore, called on members and stakeholders to abide by the provisions of the constitution so as to grow and expand the services of “keeping the nation moving,” which is our motto.
Also speaking during the celebration that followed the church thanksgiving, the Vice President, Chief Hyginus Ezeamama, averred that “with the constitution, which had been in effect for some time now, ASPMDA has started witnessing major expansion and general infrastructure development driven by discipline and purpose as all the issues weakening investments have been taken care of in the constitution.”