Rising Imports and Inflation Pose Major Threats to Auto Manufacturing Growth
The Nigerian automotive sector is currently grappling with considerable challenges, as the surge in imported foreign vehicles combined with soaring inflation threatens the advancement of...
The Nigerian automotive sector is currently grappling with considerable challenges, as the surge in imported foreign vehicles combined with soaring inflation threatens the advancement of indigenous vehicle manufacturing and assembly operations. Industry leaders have voiced apprehensions that these issues could derail government initiatives aimed at fostering local automotive production, curbing unemployment, and driving economic progress....