ENGR PROF BENJAMIN ADEWUYI fnms President NIGERIAN METALLURGICAL SOCIETY Federal University of Technology Akure Policy to develop the countrys automotive industry Automotive Industrial Policy Development Plan ID: 146119
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SUSTAINING THE DEVELOPMENT OF AUTO INDUSTRY IN NIGERIA: AUTO PARTS PRODUCTION
ENGR. PROF. BENJAMIN ADEWUYI
fnms
(President, NIGERIAN METALLURGICAL SOCIETY )
.Federal University of Technology,
AkureSlide2
Policy to develop the country’s automotive industry
Automotive Industrial Policy Development PlanSlide3
Automotive Industrial Policy Development
Plan
..Conti Policy to develop the country’s automotive industry
This is aimed at transforming the nations automotive industry. Slide4
Benefits of A Vibrant Automobile industry
Automobile industry is considered to be a major driver of
economic growth and diversification job creation, local value addition and
technology acquisitionSlide5
AUTO PARTS PRODUCTIONSlide6
AUTO PARTS PRODUCTION
The steel sector must be developed to meet up with challenges posed by auto parts replacement by developing auto parts production industries such as:
Inner and outer panels of automotive bodies, wheel housings and peripheral components
fuel tanks automotive exhaust systems, automatic fuel tanks and radiators, Steel cord for reinforcement radials tyres etc.Slide7
Auto Parts ProductionSlide8
AUTO PARTS PRODUCTIONSlide9
Steel Recycling
Steel
produced about 150 years ago can be recycled and used in new products and applications. By sector, global steel recovery rates for recycling are estimated at:
85% for construction; 85% for automotive;
90
% for machinery and
50% for electrical and domestic appliances. Slide10
The
automotive industry in India
is one of the largest automotive markets in the world. It had previously been one of the fastest growing markets globallyThe
automotive industry in India is one of the largest automotive markets in the world. It had previously been one of the fastest growing markets globallyAs of 2010, India is home to 40 million passenger vehicles.
More than 3.7 million automotive vehicles were produced in India in 2010 (an increase of 33.9%), making the country the second (after China) fastest growing automobile market in the world in that yearSlide11
Development of steel would :Reduce the dependence of the country on imported steel for the production of new cars
Nigeria has the second largest ore deposit in Africa
Spends 8.3 billion Dollars to import steel and iron component annuallyIn the next year it will become 15billon dollarsSlide12
Auto industries coming to Nigeria should establish auto spare parts production plants
To reduce poverty level and dependence on importation
Create employment for our teeming youthsNigeria is endowed with enormous resources for the production of car partsAuto policy aimed at developing car manufacturing and allied industries.Slide13
Steel sector is the backbone of any economic or industrial development of any nation
The industrial revolution of the Government should aim at boosting the steel industry
To be able to produce car components, the iron and steel sector must encouragedThe raw materials to produce car parts must come from our indigenous steel industrySlide14
Nigeria is rich enough to support vehicle assembly for her domestic markets
Automotive Industry will open up more development and design work
Government should take measures to carry out revival expansion and development of the metal/steel and tyre manufacturing industries.Slide15
Industrial challenges of the past:
As
laudable as the objectives of the auto policy areit should be remembered that our industries died easily because of
lack of commitment insincerity
and unfaithfulness to Government
policies
corruption in high places inconsistent policies and misplaced priorities Slide16
AUTO INDUSTRY –A MIRAGE?Slide17Slide18
THANK YOU