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Published On: Tue, Oct 28th, 2014

FCTA seeks investors to develop Abuja Auto-Mart at Tunga-Maje

fct-balaThe Federal Capital Territory Administration (FCTA) has reiterated its willingness to partner with interested private investors in the development of the land earmarked for an Abuja Auto-mart, in Tunga-Maje, near Zuba axis of the Territory.

According to the FCT Minister, Senator Bala Mohammed, who made this disclosure, while speaking at the 16th Edition of Abuja International Motor Fair, the Abuja Auto-mart was envisioned to stem the chaos in the sales of automobiles, especially the second-hand type, in every nooks and crannies of the city.

Represented by the Secretary of FCT Transport Secretariat, Engr. Jonathan Ivoke, the minister enjoined dealers and other stakeholders in the automobile marketing industry to evolve a Public-Private Partnership (PPP) strategy for developing the area.

“The FCT Administration is willing to partner with interested investors in this regard, especially using its Land Swap model of infrastructure development, to equally develop the Abuja auto-mart,” he stressed.

Meanwhile, the Vice President, Namadi Sambo, who declared the motor fair open, said it provides a veritable plattform for automobile firms to showcase their products and services as well as to meet their target publics.

The Vice President who was represented by the Minister of State for FCT, Oloye Olajumoke Akinjide, recalled that as part of an overall National Industrial Revolution Plan(NIRP) for the country, the Federal Government, through the Ministry of Industry, Trade and Investment (MITI), recently released a new National Automotive Industry Development Plan (NAIDP).

“The commitment of this Administration to the promotion of manufacturing and assemblage of automobiles as a strategy of launching Nigeria into the class of car manufacturing nations is without doubt.

“The necessity to move Nigeria from an automobile consumer nation to producers cannot be over emphasized.

“We hope that very soon, Made-in-Nigeria cars will jostle for space in motor fairs both in Nigeria and globally, along with the Toyotas, the Hondas and Peugeots of this world,” he expressed.

On his part, the Managing Director of BKG Exhibitions, the organisers of the fair, Ifeanyi Agwu, who decried the low participation in this year’s event, however called on the FCT administration to take advantage of the fair to promote tourism in the territory.

Also, he stressed the need for the Federal Government to revisit some aspects of its automotive policy, which would encourage stakeholders in the sector to remain in their trade.

Peoples Daily reports that highpoint of the event was when the representative of the Vice President unveiled and drove a made in Nigeria Kia car as well as inspected some cars on display at the various stands of participating automobile companies at the fair.

 

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