Home Metro 16th edition of Lagos Motor Fair to hold on May 30

16th edition of Lagos Motor Fair to hold on May 30

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The organisers of the annual Lagos Motor Fair & Autoparts Expo Africa, have the 16th edition of the Motor Fair would hold at the Federal Palace Hotel, Ahmadu Bello Way Victoria Island, Lagos from May 30-June 4, 2022, while the Autoparts starts from June 1 – 4, 2022.

This is according to a statement by the Managing Director of BKG Exhibitions Limited, Mr Ifeanyichukwu Agwu, who is also the Chairman of the Organising Committee for the event.

Agwu said this edition was holding despite all odds to ensure that the automotive sector of the Nigerian economy remained in the front burner of economic discussion in Nigeria, having in mind the challenges of the global economic downturn, COVID-19 pandemic and its attendant negative impacts on global businesses and other social activities as well as the uncertainties surrounding the National Automotive Industry Development Plan (NAIDP).

He stressed that is in furtherance of the determination of the Organisers to annually use the platform of the event to bring together major indigenous and global players in the automotive business to showcase capabilities and potential especially as pertains to Nigeria, this edition holds.

This according to the Organising committee chair is to help in fast-tracking the development of Nigeria’s automotive industry.

“In our mission and vision of making the event a world-class global auto fair and to mark the 16 years of the Fair, we have packaged this edition to hold indoors as well as outdoors, depending on the type of vehicle for the automobiles, while the non-automobiles will be housed indoors. “These are aimed at adding more glamour and aesthetics as well as protect products, exhibitors, and visitors from harsh weather conditions”, he further disclosed.

The Chairman of the Organising Committee called on the Federal Government to focus on how to ensure that the auto industry is given the special attention required so as to use it in driving the government’s economic diversification policy. “This is because of the enormous multiplier effects it has on any economy where it thrives.

Government should no longer delay in having a law-backed automotive industry development policy that would be strictly implemented. Such would fast-track Nigeria’s becoming an automobile manufacturer and a hub of its businesses in Africa; bearing in mind the great natural endowments and other comparative advantages the nation has in the sector.”

Agwu said “The sector is very important as it shows physically the state of the economy and it generates much revenue and creates enormous employment. No serious government toys with it. The auto sector was one of the key sectors that received a bailout from the diverse developed economy nations during the economic crises brought about by the Covid-19 pandemic, which in small measures helped to resuscitate their economies. It is a sector that drives the economy; if it is badly affected, other sectors suffer. It is the artery 0f the economy. Government should parley seriously with the sector stakeholders to see how it could be made better.

Urging every stakeholder to actively participate in the event billed to take place at the Federal Palace Hotel, Ahmadu Bello Way, Victoria Island, Lagos from May 30-June 4, 2022; Mr Agwu said that doing so will be an opportunity for all to show the strength and ruggedness of the players in the sector.-the policy inconsistencies notwithstanding.

“Without re-fleeting, accidents rates will increase astronomically; calling on the government to really think deep about developing this sector. Working together, the stakeholders can put the issues of the sector on the front burners of economic discussion and policy in the country.

We have invited all the major automotive and allied sector manufacturers, assemblers, dealers, agents, etc. to participate in this very important edition and happily, the response has been tremendous and we are expecting virtually all of them to actively participate.

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