How to make Nigeria’s Automotive Industry Work Again

How to make Nigeria’s Automotive Industry Work Again


joining me now is the chief operating officer automatics limited voila bah hey Sierra in the studio well as nice to have you it’s good to be the last time we spoke you were in London all right now Nigeria spends about eight billion dollars every year importing used vehicles from all over the world into this country and we have a policy that the automatic policy neither one of one of the prescription is that there will be the reduction of used vehicles from parts of the world importation of you yes how much of concern is this you should concern anybody that we spend enormous amount of money a billion dollars and we need to import other people’s crap that’s what it is concerned anybody I know that in content that you design and development council energy DC is very determined you know I related with him a couple of times directly and I know is very determined to make sure that the national automotive policy is implemented the letter is indeed striving and courage in legislatures the members of National Assembly to make sure that the national automotive policy becomes the national automotive law through the passage of the bill because he’s convinced that the president is copper disposed to making sure that one vehicles to be sold in India meets minimum standard some may not know and Seoul vehicles will bring the Sun even some non dealers been to Nigeria that it would have basic safety measures like the airbag a company is selling vehicles in Nigeria with a basic supplemental restraint system to protect people in case of accidents it wants to make sure that we have industrial infrastructure that would sustain local production of vehicles so the NAD DC is encouraging the development of laboratories in Zarya material laboratories area components laboratory Manuka and mission laboratory in Legos making sure that the locally produced Vancouver and the eventually produced mixed global standards is encouraging local content you know addition to also the national automotive design and development council is actually encouraging giving low interest finance to local components manufacturers all right now this completes also evolved automatics is one of the companies involved in the elaborate strategic training of skills manpower to make sure that the average roadside mechanic the average person that works on the vehicle is better skilled in automotive market or the skills all right now this this this policy this automated this automative of policy that we’re looking at the bill that we want to make it make law what difference would it make what impact specifically we did make it to the industry practically it will encourage local employment opportunities for our people – it will encourage investment promotion by globally known auto brands wanting to make sure that they have manufacturing our assembly plants within Nigeria it will reduce the enormous amount of money that we we use any way to import dilapidated or environment polluting spent very very cooler objects it will also encourage employment and growth opportunities within our finest financial services and marketing industry okay all right here we look forward to greater days ahead with this right now vallabha thank you so much for coming up [Laughter] here’s the CEO of the chief operating officer of automatics limited good morning mr. Roberge talking about solving this critical industry the automotive the automotive sector of course for you what’s your concern do you think this villages will help skills [Music] the ability to build local infrastructure in coastal infrastructure so we have it to us China they invest in all these things the labs have been built now the material lab laboratory in Korea the components laboratory in elgu the emission laboratory in lagos investments on this they are buying state-of-the-art automotive mechanics equipment and tools force for cultural institutions like a lammeter cotton mr. BA then there are still challenges watches in of the industry say this revenue generation bid of the government is also could also have an impact so to speak or an impact on the lingering challenges in the sector there does seem to be like what is the government trying to achieve really the simplest putting it in a very simple language the government is trying to make sure that the billion we already spent annually to import used vehicles that that money is spent locally by people to buy new vehicles made with the involvement of Nigerian workers and indeed that would ultimately lead to increase in a gross domestic product well is it working it does seem to be working as God’s woman Capital Development now because one of the reasons why I accepted this invitation this morning is because I know that practically as we speak today this morning the Government of Nigeria through the program of the presidency Empire program in conjunction with the National – motor designer Development Council these two entities sponsoring the training of 5,000 young graduates and school leavers in acquiring automotive mechanic maintenance and repair competencies so and my company automatics is one of the leading entities providing this training nationwide to 5,000 people all right we wish you the best then well I owe by many thanks for your analysis of the situation joining me right now is the chief operating officer automate automatics a limited vallabha is nice to have you join me right now once again well now Nigeria in the Indus Evan T’s and 80s and then part of the 90s we had the popular Volkswagen we had the pan we had an uncle we had several other car assembly plants in Nigeria what is new about this new policy coming up right now what is new is indeed the very reason why the incumbent that the general is not watching design and development con su de l’année a little is very very mint and evangelical about the government codifying a body of policies and rules in legislation the reason is that let me give you a brief history of I would got to where we got there was Leland in a battle yes when I was working in Legos and napkin a new ghost a bow chip the Nigerian please I got 300 units of Leyland products so relearning the bottom brought in CKD completely knock down parts to assemble 300 units we know what happened the newly appointed Minister day they went to Leyland in England imported 300 complete trucks it meant that the 300 imported completely not dump outs that could have given jobs Oh cut the jobs of those who are working on the assembly plants in a button and from whence they could have gotten money that would trickle down multiplied effect and this is our keep the company going because of policies from assault the complainer to close down in a battle and the benefit was to the great economic advantage so what Jelani aloo is fighting for now or agitating for is that we should be national automotive industry law it is now a bill sitting on the table of mister president is one of the very evangelical voices what what sorry sorry for I know you we have very little time but when it comes to the demand of Nigerians they have they have love for a lot of Korean Japanese Chinese cars from the from the east from Asia as the case may be what impact would that have on that dilemma good we’ll go back to the seventies again in the 70s we used to take pride in buying new new exactly vehicles it became fashionable in the latter part of the eighties and nineties that imported used vehicles because of currency currency fluctuations and whatever what national tamati policy is also trying to do now is to find low-interest funding to AB an average person wanted to buy a vehicle to get low interest point to buy new vehicle instead of using money to import to import crap okay that’s the difference so we have to be systemic in fighting this problem and we have to be systemic in finding a way to make sure that the large market that we have apps a sustainable way of producing local vehicles and making sure that our middle class is not the largest on the face of the earth riding on youth very cool object all right well thank you very much for your efforts as well thank you


Leave a Reply

Your email address will not be published. Required fields are marked *