Nigeria launches industrial park to cut $19 million spent annually on imported motorcycle parts.

Nigeria spends about $19 million annually on imported motorcycle spare parts, according to the National Automotive Design and Development Council (NADDC). To reduce this expense, NADDC, led by Director-General Joseph Osanipin, is partnering with international organizations to create the Nnewi Auto Industrial Park. This park will support local manufacturers by providing shared facilities and resources. Additionally, NADDC is working to revive local tyre and battery production to lessen reliance on imports and boost competitiveness under the African Continental Free Trade Area.

3 months ago
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