• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Manufacturing

Nigeria to begin local manufacturing of vehicle spare parts – NADDC 

Rosalia Ozibo by Rosalia Ozibo
November 18, 2024
in Manufacturing, Sectors
Nigeria to begin local manufacturing of vehicle spare parts – NADDC 
Share on FacebookShare on TwitterShare on Linkedin

The National Automotive Design and Development Council (NADDC) announced it has established the necessary structures and frameworks to begin local production of vehicle spare parts.

This initiative is aimed at reducing Nigeria’s reliance on imports, which currently cost the country $1 billion annually.

The NADDC Director General, Joseph Osanipin, disclosed this during the conclusion of a two-week automotive engineering and software design training held in Abuja organised in partnership with Midas IT Co. of South Korea, focusing on Midas NFX software, a platform for advanced design and analysis.

RelatedStories

National Automotive Council launches electric vehicle bus competition for Nigerian universities 

National Automotive Council launches electric vehicle bus competition for Nigerian universities 

March 7, 2025
FG pledges to address CNG Infrastructure deficit in Nigeria 

FG pledges to address CNG Infrastructure deficit in Nigeria 

December 20, 2024

Speaking on behalf of the DG, the Director of Research Design and Development, Fidelis Achiv, highlighted the council is committed to transforming Nigeria’s automotive industry by increasing the percentage of locally manufactured components in vehicle assembly.

“We are working to achieve a level whereby we can go back to assembling vehicles that have up to 40% locally manufactured components. We have vehicle assemblies in Nigeria but the assembling that is going on is not adding much value to the economy. 

“Vehicles that have been assembled come in completely built, and they just remove the tyres, remove the exhaust system, remove the engine, ship them, and come and assemble them here. But we want to transform from that to a level where these vehicles come in unpainted, the welding is done here, some components parts are produced here and the assembly will add more value, and employ more people. We have over 11 million vehicles on our Nigerian roads. 

“Of the over 3,000 parts in a vehicle, if we can leverage on producing just 10 that we can beat our chest, that in the whole world, Nigeria produces these 10 components and they are best, the market is going to be huge. Our economy will change,” he stated.

The training boot camp, which hosted 15 participants, aims to equip engineers with the skills necessary to achieve this vision.

“The essence is to train engineers to design and produce parts, making Nigeria self-sufficient in vehicle parts production,” Achiv explained.

Fostering innovation 

  • Abdul-Lawal Zubair, Managing Director of FAZSAL Nigeria Limited, encouraged participants to apply their newly acquired skills practically and creatively to address challenges in the automotive industry

“You have not just seen the theory of design but with practicality. Solve the issues for us. There is a reason among all the software for this agency to choose Midas NFX. 

“Let them be proud of you. They can call you for advanced training, possibly in South Korea. Don’t just know the software and keep it. Be innovative and give solutions,” he said

  • One of the participants, Lukman, expressed gratitude for the opportunity and the exposure to the advanced Midas NFX software.

“This training has widened my level of thinking and reasoning. The software is outstanding for modelling and analysis. We are now more equipped to be creative and contribute to producing what we consume. This software offers a platform for optimizing design and introducing innovative ideas into the market,” he stated.


Follow us for Breaking News and Market Intelligence.
Tags: local manufacturing of vehicle spare partsNADDCvehicle spare parts
Rosalia Ozibo

Rosalia Ozibo

Related Posts

National Automotive Council launches electric vehicle bus competition for Nigerian universities 
Education

National Automotive Council launches electric vehicle bus competition for Nigerian universities 

March 7, 2025
FG pledges to address CNG Infrastructure deficit in Nigeria 
Energy

FG pledges to address CNG Infrastructure deficit in Nigeria 

December 20, 2024
Nigeria’s Consumer Credit Scheme: 7 things you need to know 
Financial Services

CREDICORP, NADDC launch N20 billion consumer credit fund for purchase of locally-assembled automobiles

December 5, 2024
Nigeria moves to cut $1 billion annual loss to vehicle parts importation 
Business News

Nigeria moves to cut $1 billion annual loss to vehicle parts importation 

November 4, 2024
FG seeks Korea’s investment in electric vehicle projects in Nigeria, assures of incentives  
Business

FG seeks Korea’s investment in electric vehicle projects in Nigeria, assures of incentives  

June 6, 2024
From Gasoline to Electric: Nigeria's Transition to EVs – Sam Faleye 
Energy

From Gasoline to Electric: Nigeria’s Transition to EVs – Sam Faleye 

September 22, 2023
Next Post
NDPHC says 375MW Egbema power station to be completed in 2025  

Band A customers lament decline in electricity supply after frequent national grid collapse 

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • PalmPay, Moniepoint, OPay named in CNBC’s top global fintechs 2025 
  • FirstHoldCo records N323.4 billion off-market block trade amid speculated exit of major shareholder 
  • Nigerian Railway Corporation suspends Warri-Itakpe train service over technical issues 

Follow us on social media:

Recent News

PalmPay, Moniepoint, OPay named in CNBC’s top global fintechs 2025 

July 17, 2025
First Bank

FirstHoldCo records N323.4 billion off-market block trade amid speculated exit of major shareholder 

July 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics