![[Automotive Policy] Iran plans to establish spare parts plant in Nigeria](https://nairametrics.com/wp-content/uploads/2015/05/Iranian-Car-Plants.jpg)
The Islamic Republic of Iran is planning to develop economic and trade relations with Nigeria, the Iranian Ambassador to Nigeria, Mr. Saeed Koozechi, has said. He said the decision followed Iran’s new policy towards economic cooperation and trade development with the world, with priority to Africa, especially West Africa.
Koozechi stated these at a news conference announcing the first Iran Solo Exhibition to be held in Lagos next month. The ambassador said the Iranian government was also planning to establish auto spare parts plants in Nigeria in furtherance of the federal government’s automotive policy aimed at driving indigenous production of vehicles.
According to him, Iran has achieved self sufficiency in car manufacturing with annual production capacity of 1.7 million units, adding that there is need to collaborate with Nigeria in this area. Koozechi said,
“Two of the biggest car manufacturers in Iran will be featuring in the first Iran Solo Exhibition in Nigeria. These companies are going to show the samples of their cars, minibuses and trucks at the exhibition. We have good knowledge in spare parts production because 90 per cent of the spare parts are produced in Iran locally. “This is a good solution to building spare parts plant in Nigeria and this is a good start for our cooperation. This will help to drive the policy of the Nigerian government in building plants for car manufacturing and spare parts.”
The Executive Manager, Pars Rastak, the organiser of the exhibition, Mr. Mohamad Kani, said top Iranian companies drawn from different sectors would attend the exhibition.
Source: Punch
