NOVEMBER 10, 2024
Nigeria’s Annual Import Bill for Vehicle Spare Parts Exceeds $1 Billion, Reports NADDC
Joseph Osanipin, Director-General (DG) of the National Automotive Design and Development Council (NADDC), stated that Nigeria spends over $1 billion annually on importing vehicle spare parts.
Osanipin made this remark during a training session for engineers at the Midas NFX software automotive design boot camp, organized by the council in Abuja. He explained that the empowerment program aims to equip engineers with essential skills for manufacturing vehicle components locally.
“The country spends over one billion dollars each year on imported spare parts,” Osanipin noted.“This considerable expenditure highlights the urgent need for local production capabilities and advanced design training to reduce reliance on imports and drive economic growth.
The council aims to train 100 people each year, including private-sector participants.“With a target of training 100 individuals over the next year, this initiative aims to provide essential knowledge to local assemblers and manufacturers, bridging the gap between theory and practice,” he said.
“Knowledge is the only way we can close this gap. Through this program, we aim to foster innovation within the industry."
Approximately 24 participants are set to be trained immediately, with plans already underway to expand the training initiative. Osanipin emphasized that Nigeria aims to strengthen its global market position by focusing on advanced technologies and production standards. Fidelis Achiv, Director of the Research, Design, and Development Directorate at NADDC, praised the initiative, particularly as Nigeria is already engaged in vehicle assembly. He commended Osanipin for spearheading the training and encouraged participants to maximize their learning to support industry growth.
The federal government announced plans to launch an auto-credit scheme to support the local automotive industry. Doris Uzoka-Anite, the Minister for Industry, Trade, and Investment, represented by Osanipin, noted that the scheme is designed to help Nigerians access locally manufactured vehicles more easily.
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