{"id":77042,"date":"2023-11-03T13:34:15","date_gmt":"2023-11-03T12:34:15","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=77042"},"modified":"2023-11-03T13:34:15","modified_gmt":"2023-11-03T12:34:15","slug":"nama-man-lament-slow-growth-of-nigerias-auto-industry","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/nama-man-lament-slow-growth-of-nigerias-auto-industry\/","title":{"rendered":"NAMA, MAN Lament Slow Growth Of Nigeria\u2019s Auto Industry"},"content":{"rendered":"<div align=\"left\">\n<p dir=\"ltr\">The Nigeria Automobile\u00a0 Manufacturers Association, NAMA, and the Manufacturers Association of Nigeria, MAN, have expressed dismay at the slow growth of the Nigerian automotive industry compared to some African countries.<\/p>\n<\/div>\n<div align=\"left\">\n<p dir=\"ltr\">They spoke during a courtesy visit to the Director-General of the MAN, Segun Ajayi-Kadir, in Ikeja, Lagos by representatives of the newly constituted governing board of NAMA. The two groups took a critical look at the Africa Continental Free Trade Agreement, AfCTA, and wondered why Nigeria should not play that leading role as an automotive hub on the continent, considering the large population, rich human capital, and economic base.<\/p>\n<\/div>\n<div align=\"left\">\n<p dir=\"ltr\">They spoke during a courtesy visit to the Director-General of the MAN, Segun Ajayi-Kadir, in Ikeja, Lagos by representatives of the newly constituted governing board of NAMA. The two groups took a critical look at the Africa Continental Free Trade Agreement, AfCTA, and wondered why Nigeria should not play that leading role as an automotive hub on the continent, considering the large population, rich human capital, and economic base.<\/p>\n<\/div>\n<p dir=\"ltr\">During the visit, the imperative of bolstering local content to complement the sourcing of over 2000 parts in a vehicle was examined, and it was agreed that content development would be driven by the appropriate policy environment. The two groups agreed on the need for better synergy between them in their bid to move Nigeria\u2019s local automotive industry forward.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<div align=\"left\">\n<p dir=\"ltr\">The NAMA board, led by the Chairman, Bawo Omagbitse of PAN Nigeria, had during the visit sought the restoration of the cordial relationship that had hitherto existed between NAMA and MAN. The NAMA governing board representatives, which include Nunu Diwan of Iron Products Industries, IPI Ltd., and Remi Olaofe, Executive Director of NAMA, stressed the imperative of the local automotive assemblers to get more involved and visible in MAN\u2019s activities and programs.<\/p>\n<\/div>\n<div align=\"left\">\n<p dir=\"ltr\">NAMA expressed the hope that going forward, MAN would be vocal on policies relating to the automotive subsector given its leadership role in advocacy and promotion of growth and sustainability in the manufacturing sector. NAMA stressed that MAN should support the National Automotive Design and Development Council, NADC, in canvassing for the enactment of the 2023 NAIDP Bill, whose journey started in 2013.<\/p>\n<\/div>\n<p dir=\"ltr\">\n<\/p><!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Nigeria Automobile\u00a0 Manufacturers Association, NAMA, and the Manufacturers Association of Nigeria, MAN, have expressed dismay at the slow growth of the Nigerian automotive industry compared to some African countries.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":69269,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[208,2583],"coauthors":[2391],"class_list":["post-77042","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-man","tag-nama"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - 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