Automotive sector

NADDC woos Spanish investors in Nigerian automotive sector

By Bashir Rabe Mani

Mr. Jelani Aliyu, Director General of the National Automotive Design and Development Council (NADDC), urged Spanish companies and groups to invest in vehicle production in Nigeria.

The News Agency of Nigeria (NAN) reports that Aliyu gave the advice as a panelist at the Nigerian-Spanish Business and Trade Forum, in Madrid, Spain, on Thursday.

NAN also reports that President Muhammadu Buhari delivered the keynote address at the forum.

Aliyu discussed the huge opportunities in the Nigerian automotive space.

“Vehicles can be produced in Nigeria for both local markets and exports, building on the African Continental Free Trade Area (AfCFTA),” the DG said.

Aliyu also highlighted opportunities in the local production of automotive components that could be exported to Spanish and European automotive assembly plants.

“Nigeria is ready for innovation and advanced automotive solutions, products and services,” he said.

He reiterated that Spanish companies could really add significant value to the automotive space in Nigeria.

“We look forward to further in-depth discussions with interested companies in this direction.

“It’s about how they can participate in this incredible journey that we have started in Nigeria, especially in vehicle electrification,” he said. (NAN) (www.nannews.ng)