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Abuja Motor Show to Attract More Investments

10 Oct 2012

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Abuja Motor show

By Olaolu Olusina

As preparations for the 14th Abuja International Motor Fair scheduled to hold between October 16 and 24 in Abuja continues, chairman of its organising committee, Mr. Ifeanyichukwu Agwu, has assured that the premium motor show in sub-Saharan Africa would attract more investments and government attention into the automotive sector.

Speaking with journalists in Lagos on the preparations made so far for the annual event, Agwu, who is also the Managing Director, BKG Exhibitions Limited, organisers of the motor show, said every effort has been deployed to ensure that the sector receives the needed support from both the government and the private sector to enhance its rapid development.

“We are packaging a show that will showcase all the existing and potential investment opportunities that abound in the Nigerian automobile industry, which we believe are very attractive to existing and prospective investors,” he assured.

He added that “hosting auto shows of international standard such as the Abuja Motor Fair will go a long way in placing Nigeria in the map of world automotive business and will equally fast-track the emergence of the nation as the hub of automotive business in the continent.”

The BKG Managing Director also disclosed that “with over 50,000 annual demands for brand new automobile products in Nigeria, the stakeholders cannot but strive to ensure that all hands are on deck to promote and support the inflow of more investments into the industry which is a well-known veritable driving force for economic development.”

According to Agwu, as part of the efforts to promote and attract investment into the sector, the organisers have reached out to major players in the industry across the globe to participate in the auto show.

He confirmed that the responses have been highly encouraging as he disclosed further that decision makers in the government circle have been invited as well, saying they too are more than ready to grace the fair and ensure that the needed governmental support and encouragement is not lacking.

He listed some of the firms that would be heading to the Eagle Square in Abuja for the event to include Mobil Oil Plc, Oando Plc, MRS Oil, PAN Nigeria, National Trucks Manufacturers, Toyota Nigeria, Kia Motors, Weststar, Lanre Shittu Motors, JAC Motors, Leventis Motors, CFAO Motors and Stallion Motors.

Tags: Nigeria, Business, Featured, Abuja Motor show

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