Afreximbank, AAAM renew MoU to boost local automotive manufacturing
Ms Biene, President of AAAM, said " Afreximbank has been a phenomenal partner in our quest to drive growth and industrialisation of the automotive industry on the continent.
It’s sad seeing many empty auto plants in Nigeria – Backhaus-Jerling, AAAM CEO
Political will is essential. Without legislation and effective implementation of a progressive automotive policy, the country risks an unchecked influx of grey imports and reduced investor confidence in the sector.