Automotive sector

The Nigerian automotive sector in a precarious situation, deplores the boss of CFAO

CFAO Motors Deputy Managing Director, Kunle Jaiyesimi, lamented the precarious situation of the Nigerian automotive industry, urging the government and other key stakeholders to give urgent attention to reviving the sector.

Jaiyesimi made a revelation during a presentation at the latest 7th Edition of the Association of Automotive Journalists of Nigeria (NAJA) Training/Capacity Building Workshop held on Friday, July 29, 2022 at the Center conference and exhibition of the Lagos Chamber of Commerce and Industry (LCCI), Alausa, Ikeja on the theme: “Accelerating the recovery strategy of the automotive industry in the post-COVID-19 era”.

Jaiyesimi, who is also chairman of the Auto & Allied sub-group of the Lagos Chamber of Commerce and Industry, said his company, CFAO, is not isolated from the catalog of woes the local auto industry is going through. despite the efforts made. far from building the sector to an enviable position.

He pointed out that his company was feeling the impact of the current economic situation but had decided not to lay off its workers.

To keep the employees, he revealed that CFAO had since converted its workers from the assembly plants into after-sales personnel, in order to continue to keep them.

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