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Spain shows interest in Nigeria’s automotive industry

14 May 2014, 18:27

Lagos - Seven Spanish companies have indicated their interest to help in the development of Nigeria’s automotive industry.

The companies would soon be visiting the country to seek business opportunities with stakeholders in the automotive industry.

Pablo Segrelles, Chief Economic and Commercial Counsellor of the Embassy of Spain said the companies and other Spanish investors were prepared to promote the Federal Government’s automotive industry development policies.

“The companies strongly believe that the future of car manufacturing in Nigeria is positive. They see a good business opportunity in Nigeria’s automotive industry.

"What the Nigeria’s automotive industry urgently needs is the know-how on getting machinery from abroad.

"We feel that the best way for Nigeria to develop her automotive industry is to allow investment with other countries,’’ he said.

He said that the companies that would be visiting the country very soon are engaged in the production of brake pads, electrical components and other vehicle accessories.

He added that the Spanish Government would continue to promote bilateral relations with Nigeria now and in the future

-  NAN

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