Message From the Chairman - December

The Nigerian automotive industry development program recieved a boost likely to result in increased demand for locally assembled automobiles which means and a  boost for automotive after market demand. The National Automotive industry Design and Development Council (NADDC) opened this mobility acquisition fund at the nations CreditCorp, a consumer credit DFI in December 2024.  

Alternatives energy powered vehicles continue to recieved increased  government attention by way of several incentives likely to result in increased market share of gas powered vehicles in Nigeria vehicle stock. Related Components and parts dealers may do well to make provision in their inventory. Same goes for EV and batteries with observed growing interest in EV offer although charging infrastructure remains deficient in the absence of deliberate government policy. 

Observed shift in choices of power source is mostly due to increased fossil fuel pump price as subsidy for petroleum is removed.    

Luqman Mamudu Automotive Industry Expert and WAAS Conference Chairman