Lagos motor fair begins today with 70 OEMs, others

After-sale service, auto finance and fleet management will feature prominently at the 16th Lagos Lagos Motor fair and Autoparts Expo Africa, which begin at the Federal Palace Hotel on the Victoria Island of Nigeria’s commercial capital, Lagos.

Already, the organizers of the annual event, BKG Exhibitions Limited, says over 70 confirmed Original Equipment Manufacturers from all over the world will be at the show to fully explore the big market for auto business in Nigeria.

Indeed, BKG said this year’s edition running from  May 30 to June 4, 2022 has a line of rich and exciting package described as “bumper days of serious business and fun”.

Chairman of the Organising Committee for the show, Mr Ifeanyichukwu Agwu, said, “The fair will be a landmark and a benchmark in auto show business in the entire West African sub-region, promising all including children a rewarding experience.”

Agwu, who is also Managing Director of BKG Exhibitions Limited, said almost all the major vehicle manufacturers and dealers in Nigeria are participating at the fair.

He said notable banks and insurance companies, major oil companies, manufacturers and dealers in auto-spare parts and accessories had indicated interest and are seriously preparing to participate in the event.

“Each of the days that the fair will last is loaded with activities and events that will make this edition remarkably different and we intend to improve and add on this in subsequent editions,” Agwu said.

It stated that unique automobile products from notable companies from Asia, Africa, Europe and America would be on parade such as products from the stables of Ford, Innoson, Yutong, Toyota, GAC, JAC, Renault, Kia and Omaa.

“These products range from personal choice exotic cars, SUVs, CUVs, Jeeps, light and heavy duty haulage Trucks, and buses of various capacities for corporate and mass transit business,” BKG statement said.

It also disclosed that the firm would strategically be playing host to reputable players in auto spare parts and lubricants in this edition, adding, “This is as a result of our guided intention to enhance the development of cottage industries in the spare parts subsector of the automotive business sector of the economy with the attendant multiplier effects on the economy of the nation.

“It is also spurred by the need to ginger activities in the subsector to complement the setting up of auto clusters as espoused by the automotive policy in the country.

“Our target is to attract many reputable Original Equipment Manufacturers of spare parts from across the globe to participate in this edition as well as in subsequent ones.

“Over 70 confirmed Original Equipment Manufacturers from all over the world are already preparing to be at the show.

It stated that from the financial sector, auto financing and acquisition facilities and schemes would be on display at the various stands of the firms from the sector.

“Those interested in enjoying the synergy existing between the automobile industry and the insurance sector will get the best and latest from reputable insurance companies at the fair arena. some of the automobile dealers will showcase their own in-house finance/acquisition schemes,” it added.

The latest information on fleet management in that sector of the automotive business will be provided by experts in the field that will be on the ground at the fair, according to the event organisers.

 

“It’s going to be a bumper harvest for the numerous visitors to the event, their socio-economic status notwithstanding. Every visitor would gain one thing or the other at the fair as we have ensured that almost the interests of all segments of the society are adequately catered for at the fair,” the firm stated.