• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

NADDC Drives Local Vehicle Parts Production to Boost Africa’s Auto Industry

Olusola Blessing by Olusola Blessing
November 18, 2024
in Automobile, News
0
NADDC Drives Local Vehicle Parts Production to Boost Africa’s Auto Industry
Share

The National Automotive Design and Development Council (NADDC) has laid the foundation for local production of vehicle spare parts, aiming to reduce Africa’s heavy reliance on imports, a move expected to save Nigeria alone over $1 billion annually.  

NADDC Director General, Joseph Osanipin, made this known at the conclusion of a two-week automotive engineering and software design training in Abuja. The training, organized in collaboration with South Korea’s Midas IT Co., focused on Midas NFX software, a cutting-edge platform for advanced design and analysis.  

Speaking on behalf of the DG, Fidelis Achiv, Director of Research, Design, and Development, emphasized the council’s commitment to transforming the automotive sector by integrating locally manufactured components into vehicle assembly.  

“We aim to reach a point where up to 40% of components in vehicles assembled in Nigeria are locally produced,” Achiv said. “Currently, vehicle assembly in Nigeria adds little value to the economy. Most vehicles arrive almost fully built, and minimal work is done locally. We want to shift to a model where welding, painting, and parts production occur here, generating more value and jobs.”  

He further noted that Nigeria has over 11 million vehicles on its roads, presenting a significant opportunity for growth. “If we can specialize in producing just 10 key components of the 3,000 in a vehicle and make them globally competitive, the market potential will be transformative for the economy,” he added.  

 Building Capacity and Innovation  

The training boot camp, which hosted 15 engineers, was designed to develop skills essential for self-sufficient vehicle parts production. Abdul-Lawal Zubair, Managing Director of FAZSAL Nigeria Limited, encouraged participants to apply their knowledge practically to address challenges in the automotive industry.  

“You’ve seen not just theory but practical design solutions,” Zubair said. “Use this knowledge to solve industry issues. Be innovative, and take advantage of further training opportunities. Make NADDC proud by delivering real solutions.”  

One of the trainees, Lukman, expressed gratitude for the exposure to the advanced Midas NFX software. “This training has expanded my creativity and analytical skills,” he shared. “The software is remarkable for design optimization, and it enables us to contribute to local production while introducing innovative ideas into the market.”  

The NADDC’s initiative represents a significant step toward reducing Africa’s dependency on imported vehicle parts and fostering innovation in local manufacturing. By empowering engineers and leveraging modern technology, the council envisions a thriving automotive industry that generates jobs, strengthens economies, and sets Africa on the global map for vehicle parts production.

Post Views: 16
Share

Related Posts:

  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2024 Guide to the Top Business Enabling…
  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Mecho Autotech to launch version 2.0 of vehicle management app and new automotive spare parts marketplace in 3Q
    Mecho Autotech to launch version 2.0 of vehicle…
  • Africa must prepare for the inevitability of a global food crisis - Akinwumi Adesina
    Overcoming Binding Constraints to Competitive…
  • Nigeria Moves to Cut $1 Billion Annual Loss to Vehicle Parts Importation
    Nigeria Moves to Cut $1 Billion Annual Loss to…
  • AfDB, Korea sign $28.6m grant agreement to support Africa’s development
    AfDB, Korea sign $28.6m grant agreement to support…
Tags: FAZSAL Nigeria LimitedNADDCNFX
Previous Post

Call for Applications: Nestle Nigeria Community Scholarship 2025

Next Post

Nigeria University Receives N90 Million Grant for Sustainable Entrepreneurship Initiative

Next Post
Nigeria University Receives N90 Million Grant for Sustainable Entrepreneurship Initiative

Nigeria University Receives N90 Million Grant for Sustainable Entrepreneurship Initiative

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • Poor Infrastructure, Logistics Hinder African SMIs from Benefiting Fully from AfCFTA
  • JA Africa and Boeing Launch Youth-Focused STEM and Entrepreneurship Programmes in Nigeria, Togo
  • Nigeria’s Business Confidence Rises to +12.29 in April, but Structural Constraints Persist
  • OPay’s Security Questions Are Back and Smarter Than Ever
  • Mastercard Targets 3m African Farmers as Digital Payment Economy Set to Reach $1.5trn by 2030

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2024
  • Otabor Osayomore Blessing on Ultimate 2024 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.