Lagos - Mr Kalilou Traore, ECOWAS
Commissioner for Industry and Private Sector Promotion, has stressed the need
for a coordinated regional strategy for the development of the automotive
Traore said at a workshop organised by ECOWAS on: "The
Development of Automotive Industry in West Africa ", that it was
regrettable that ECOWAS currently lacked such strategy.
The commissioner said there was a need for such a strategy
to increase the market and volume of new and used cars imported into the
He noted that available data revealed that the regional
development of the automotive industry in member-states was still low compared
to the level of import.
Also read: ECOWAS visits Buhari, deploys 250 observers to Nigeria
Traore emphasised that the consequences of the lack of
strategy was detrimental to economic growth in terms of capital flight,
unemployment and underdevelopment.
He said that it was in an effort to solve the problem, the
ministers of Industry of ECOWAS at a meeting held in Accra in April mandated
the commission to examine possibilities of developing a regional automotive
The commissioner said that the development of the strategy
would require the political will for cooperation among member-states to ensure
Mr Aminu Jalal, Director General, Nigerian Automotive
Council, said the policy was among the four key areas of development identified
He said that ECOWAS Auto Policy would attract more
investors, fast track economic growth and development in West Africa.