• Thursday, April 25, 2024
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Belarus set to invest in Nigeria’s auto sector

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The European Nation of Belarus said it is highly encouraged by the developments in the nation’s economy, and is willing and ready to invest in it, particularly in the automotive industry in Nigeria.

This development is coming, following the success of the recently signed Memorandum of Understanding between the Federal Government of Nigeria and Volkswagen Group for the production of various brands of Volkswagen vehicles in Nigeria. Speaking on Friday in Abuja when he paid a working visit to the National Automotive Design and Development Council (NADDC), the Ambassador of Belarus to Nigeria, His Excellency, Mr. Vyacheslav Brill, said his country was eager to come in and invest in the country’s economy.

R-L: Sani Mohammed, Director, NADDC,Belarus Ambassador to Nigeria, Vyacheslav Brill,DG, NADDC, Jelani Aliyu (MFR) Charles Adzo, Aleksandr Lukashevich and Jekadi

The ambassador said his country has a global expertise in agricultural mechanization and machineries like tractors, harvesters amongst others, adding they were also willing to invest in the production of trucks and other heavy duty vehicles in Nigeria.

According to him, his country has already made significant contributions for Africa’s development through the Africa Export Import Bank, adding Belarus was ready to increase its presence and economic significance in Nigeria. Receiving the delegation while assuring them that the government will continue to create and maintain the enabling environment for development, the Director General of NADDC, Mr. Jelani Aliyu (MFR), said the council was ready to work with them in areas of automotive development, particularly in the production of agricultural equipment and urban transit solutions. The director general said  the NADDC has already built test centers in various parts of the country in readiness for the productions of vehicles in Nigeria, adding these centers will be commissioned early next year. He said agriculture remains a main economic activity in Nigeria, pointing out the Council was willing to support Belarus in the production of tractors and other agricultural mechanization equipments in Nigeria