Harpreet Singh, Managing Director of VON Automobiles, a subsidiary of Stallion Group, said he would like to encourage the local automotive industry to manufacture affordable vehicles to take advantage of the opportunities presented by the African Continental Free Trade Area. appealed to ensure that.
According to a statement, Singh, who is a director of the Nigerian Automobile Manufacturers Association, made the suggestion during a panel session at the Intra-African Trade Fair Roadshow held in Lagos recently.
Singh pointed out that manufacturing high quality and affordable vehicles will help the country maximize the benefits of AfCFTA membership.
He also acknowledged the efforts of the Nigerian government in implementing the National Automotive Industry Development Plan and what he described as President Bola Tinubu’s determined dream of transforming Nigeria into the famous “Detroit of Africa”.
He said: “The Nigerian government has taken decisive action to implement the National Automotive Industry Development Plan. This innovative strategy will revive our beloved industry and attract the attention of smart investors. It’s a purpose.
To achieve this ambitious goal, he said, it is essential to actively support local car manufacturers in establishing additional car manufacturing plants, following the shining examples set by India, Egypt and Brazil. It is said that
“These strong facilities should primarily focus on producing popular brands at affordable prices to ensure that every Nigerian has access to great cars,” he asserted.
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