Iran mulls setting up auto spare parts plant in Nigeria

The Islamic Republic of Iran is considering establishing an auto spare parts plant in Nigeria following the Federal Government’s newly adopted automotive policy to drive indigenous manufacturing of vehicles in the country.

Saeed Koozechi, Iranian ambassador to Nigeria, said this while announcing the first Iran Solo Exhibition to be held in Lagos from June 9, 2015.

Koozechi said Iran has achieved self-sufficiency in car manufacturing with annual production capacity of 1.7 million units. “Two of the biggest car manufacturers in Iran will be featuring in the first Iran Solo Exhibition in Nigeria.

These companies are going to show the samples of their cars, minibuses and trucks at the exhibition. We have good knowledge in spare parts production as 90 percent of the spare parts are produced in Iran locally. This is a good solution to building spare parts plant in Nigeria and this is a good start for our cooperation. This will help to drive the policy of the Nigerian government in building plants for car  manufacturing and spare parts,” the ambassador told journalists in Lagos.

Also speaking, Mohamad Kani, executive manager, Pars Rastak, the organisers of the exhibition, said the exhibition which will hold at Landmark Event Centre in Lagos will feature top Iranian companies drawn from different sectors including “building and construction, furniture and decoration,
industry and infrastructure, health and medicine and food and beverages.”

He explained that the Iran Solo Exhibition was inspired by “the new Iranian policy towards economic cooperation and trade development with the world, with priority to Africa, especially West Africa, the Iran’s agreement with the five permanent members of the United Nations and the European Union regarding lifting the sanctions against Iran and opening trade doors, Iranian government’s desire to develop economic and trade relations with Nigeria and Iran’s desire to drive transfer of technology, technical and engineering services to trading partners.”

During an interactive session, Koozechi noted that Nigeria and Iran have a lot to benefit by entering into trade partnership.