Excitement, Lagos motor/autoparts expo holds June 6-9 with 100 OEMs, investors

Excitement, Lagos motor/autoparts expo holds June 6-9 with 100 OEMs, investors

About 100 auto firms mainly, foreign Original Equipment Manufacturers, are billed to attend this year’s edition of Lagos International Motor Fair and Autoparts Africa Expo, the organisers of the annual event BKG Exhibition Limited has said.

Managing Director of the BKG Exhibition, who doubles as chairman of the organising committee, Mr Ifeanyi Agwu, stated this at a media parley in Lagos on Tuesday.

He said the event holding from June 6 to June 9, 2023 at the Federal Palace Hotel, Victoria Island Lagos, is aimed at driving more investment into automobile spare parts and accessories manufacturing in Nigeria.

He said apart from showcasing the best of products in the industry, auto part makers from China, Europe and other foreign countries would be looking forward to meeting genuine local investors with a view to setting up manufacturing firms in Nigeria.

According to Agwu, Nigeria has all it takes to be a thriving hub of auto spare parts manufacturing not only for the West African region but also in Central Africa and Southern Africa.

This, he stressed, was based on Nigeria’s huge market and large population.

Agwu further revealed that to achieve this, this year’s edition of the event would focus on Business-to-Business interface between the exhibiting Original Equipment Manufacturers [OEMs] and dealers in auto parts from major auto markets across Nigeria and some neighbouring countries.

“We are aiming at using such platform to see to working business partnerships between them and the OEMs that will lead to setting up plants in Nigeria to manufacture parts and accessories,” he stated.

Agwu therefore advised the Federal Government to focus more on spare parts manufacturing rather than vehicle assembling.

He said, “Spare parts is the place where the real technology transfer takes place. It involves precision and proper planning more than the coupling that takes place in assembling.

“This will give rise to the establishment of more Original Equipment Manufacturers and increase employment.”