$500 Million to $900 Million: Been raised by the Nigerian Auto Spare Parts Ifeanyichukwu Agwu CEO BKG Exhibitions disclosed
By Abdul Rahman Bangura- NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone– The CEO of BKG Exhibitions asserted in a notable auto hub in Africa, there is an utmost desire to begin the local manufacturing of auto parts. “Let us initiate this with auto parts, as it will have a multifaceted positive impact. The production of spare parts is less complex compared to assembling entire vehicles. Each vehicle comprises over 5,000 parts, which implies the establishment of 5,000 factories and the creation of employment opportunities for our populace. In India alone, there are approximately 11,000 auto parts companies, highlighting the extent of labor and technology involved,” Agwu proffered. In levelling the 2024 auto expo held at Victoria Island, Lagos, previously to fascinate vital auto...
Posted On 13 Jun 2024
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