‘Poor Power Supply, Insecurity Bane Of Nigeria’s Auto Industry’

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Mohammed Shosanya

Lack of stable electricity supply, and insecurity are among the hurdles militating against effective operations of automobile assembly plants in Nigeria, Chief Diana Chen, the Chairman of CIG Motors Co. Limited,has said.

She spoke on Tuesday at the official opening of Guangzhou Automobile Group (GAC) Motor Abuja G-Style Showroom and the unveiling of all new GS8 premium SUV in the Federal Capital Territory FCT Abuja.

She implored the coming administration to tackle security for Nigeria to harness it’s potentials with respect to growth in the auto industry.

She added:”Power stability is one challenge, Without stable electricity supply it is difficult to have manufacturing here, another one is security issue” .

She said that GAC Motor is willing and ready to work with government at all levels to rebuild the capabilities of the youth population towards becoming well trained, skilled, and technical people especially in the area of automobile industry.

Nigeria boasts of great potentials both in the economic and auto market growth across Africa,she said,adding that the GAC Motor expects to grab more market share with its assembly plant in Lagos.

She implored the Federal Government to develop policies that encourage Nigerians to purchase brand new vehicles rather than the current reliance on imported fairly used ones, adding that such a policy would boost investment in assembling plants that would in turn create jobs and wealth for the country.

According to her, the company was already in partnership with four banks in the country that allows customers to purchase its cars while paying back in monthly installments.

“GAC Motor Nigeria is committed to building and developing the future of the automobile industry in Nigeria, and believes that collaboration with the Federal Government is key to achieving this goal”, she stated.

She also assured Nigerians of the company’s commitment to supporting Nigeria’s football national teams and the creative sector.

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