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    Home » Nigeria strikes to chop $1 billion annual loss to automobile components importation 
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    Nigeria strikes to chop $1 billion annual loss to automobile components importation 

    By November 4, 2024No Comments2 Mins Read
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    The Nationwide Automotive Design and Improvement Council (NADDC) has intensified its efforts to cut back Nigeria’s dependence on imported automobile elements, a observe that prices the nation over $1 billion yearly.

    The NADDC Director-Common Joseph Osanipin said this on Monday in the course of the Midas NFX Software program Automotive Design Expertise Boot Camp held in Abuja.

    Oanipin who decried the truth that the nation spends over one billion {dollars} every year on imported spare components, emphasised the pressing want for native manufacturing capabilities.

    “The nation spends over one billion {dollars} yearly on imported spare components. This huge expenditure underscores the need of creating superior design and manufacturing expertise regionally to stimulate financial progress and cut back reliance on imports,” he mentioned. 

    The boot camp, organized by NADDC, focuses on coaching engineers and designers utilizing Midas NFX software program.

    “The coaching just isn’t restricted to NADDC workers however can be open to non-public sector contributors who could lack entry to such superior sources,” he mentioned.

    “The one method we are able to bridge this hole is thru data. By fostering innovation inside the business, we not solely improve native experience but additionally pave the best way for producing high quality spare components regionally, in the end saving international alternate,” he added.

    Osanipin highlighted the untapped potential in Nigeria’s automotive sector, particularly within the manufacturing of elements like batteries, brake pads, and filters.

    In the meantime, Dr. Abdullawal Zubair, Managing Director of FAZSAL Nigeria Restricted, whereas talking on the coaching, counseled the NADDC for offering entry to cutting-edge instruments like 3D scanners and printers.

    “The gear supplied is among the many greatest globally. Contributors ought to leverage this chance to enhance their expertise, benefiting each their careers and the broader business,” Zubair inspired.

    The coaching program is predicted to put the muse for a extra self-reliant and revolutionary Nigerian automotive business, positioning the nation for competitiveness on the worldwide stage.

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