BKG Limited, organisers of the annual Lagos Motorfair & Autoparts Expo Nigeria have disclosed that, the forthcoming edition of the exhibition is aimed at stimulating activities in the sector with the objective of showcasing the capacities and potentials of the sector to the economy.
Ifeanyi Agwu, managing director BKG Exhibitions Limited who also doubles as the chairman, Organizing Committee for the event, regretted that, the lull in the sector is taking a lot of shine out of the industry, thereby making it difficult for stakeholders to showcase the abundant opportunities and offers in the sector.
According to him, it is no longer news that the automotive sector in Nigeria is passing through rough and tough times; rather, what should be on every stakeholders’ mind should be how to unite to combat the scourge.
He said, it is in an effort to tackle the teething challenges confronting the industry that it has become necessary using the platform of the upcoming event to bring the sector into the front burner of economic discuss in the country.
Re-emphasizing the importance of the event, Agwu said that by using the campaign of “One Expo; Continental Spread” the event aims at showcasing the importance of the Nigerian market as the hub of automotive business in Sub-Sahara Africa; and one that is highly rewarding for investments.
The organisers promised to add more pep to promoting the spare parts sub-sector inline with the determination of the organizers to champion the development and thriving of autoparts sub-sector as leeway to fast-tracking the development of the auto industry.
“In this edition as we have been doing for sometimes now, we will champion the autoparts section to seeing to making Nigeria becomes the hub of the business in Africa. We want to make it a strong point of real taking off of a realizable auto policy”.
Agwu advised the Federal Government to focus more on spare parts manufacturing in place of assembling, arguing that automotive spare-part is where the real technology transfer takes place.
It involves precision and proper planning more than the coupling that takes place in assembling. This will give rise to establishing of more Original Equipment Manufacturers (OEMs) and increase employment. There should be a review of the ongoing auto policy to make it achieve the desired ends. He said.
From May 7-12, 2019 at the Federal Palace Hotel, Victoria Island, Lagos, venue of the event; each of those days that the fair will last is loaded with activities and events that will make this edition remarkably rewarding to the exhibitors, visitors and other stakeholders, Agwu, revealed further.
