BKG Exhibitions, organizers of the annual Lagos International Motor Fair & Autoparts Expo Nigeria has called on the Federal Government to urgently bail out the nation’s automotive sector because of the role it plays in the life of the people.
Managing Director of BKG, Mr. Ifeanyichukwu Agwu, who made the call recently in Lagos while announcing the date for the 2019 Lagos Motor Fair and Autopart Expo said, “Government should bailout the automobile companies operating in the country. It is a sector that affects virtually everything. It occupies prime position in the economy. If this is not done now, it will, in the very near future affect a whole lot in the lives of the people and economy”
Mr. Agwu explained that the 2019 edition which is scheduled to hold at Federal Palace Hotel, Vitoria Island from April 24 to 29 is the twelfth edition of the fair, while the Autopart Expo is the sixth edition. With the theme: ‘One Expo: Continental Spread’ the BKG boss said that they are championing the development and thriving of autoparts sub-sector as leeway to fast-tracking the development of Nigeria’s automotive industry.
He said, “In this edition as we have been doing for sometime now, we will champion the autoparts section with the aim of making Nigeria the hub of the business in Africa. We want to make it a strong point of real take off of a realisable auto policy.”
The BKG boss, however, called on the Federal Government to focus more on spare parts manufacturing in place of complete vehicle assembling, stressing ,. “spare parts is where the real technology transfer will take place. It involves precision and proper planning more than the coupling that takes place in assembling. This will give rise to establishment of more genuine parts by Original Equipment Manufacturers and increase employment” He noted that there should be a review of the ongoing auto policy to make it achieve the desired goals.
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