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FG plans local manufacturing of motor spare parts

By on April 21, 2013

The Federal Government has disclosed plans to begin local manufacturing of auto spare parts.

Minister of Mines and Steel Development, Mr. Muhammed Sada, said this at Ota, Ogun State, during the inauguration of a new factory, Sun and Sand Industries Africa Limited.

Sada said his ministry would incorporate products from Sun and Sand Limited, ferrous and non-ferrous alloys, and other automobile manufacturing firms to realise the plan, aimed at creating jobs.

He said, “We are currently working on some projects whereby some of the major automobile manufacturers would be invited to the country to speed up activities in the production of basic spare parts for the motor industry with the hope that we would build it to the level where we would be able to produce motor vehicles.

“This is where you come in; we would not be thinking of this kind of programmes without companies like yours, you would be part of the framework with which the automobile framework will be built; your operations are central to whatever achievement that framework is aimed at.

“We are in a strong partnership with your company, which we believe would develop the industry, and most importantly, providing the required jobs for the Nigerian people.”

The minister said the government had decided to leave the development of the steel industry to the private sector, adding that the government would only serve as regulator for the activities within the sector.

“This has led government into privatising most of the operations in the sector. The idea is to ensure that a level-playing field and an enabling environment is created for businesses to progress and grow and be the drivers of the achievements that are found in the sector,” he said.

Sada added Sun and Sand Limited requested for approval to start mining projects that would support the backward integration of their operations.

“We have undertaken quite a number of geological studies and come to realise the abundant natural raw materials, which your company and many others in this country can take advantage of,” he said.

Founder and Managing Director, Sun and Sand Industries Africa Limited, Mrs. Shweta Satija, expressed appreciation to the Federal Government for its policies that had helped the company to survive.

She said plans had been concluded for the company to venture into some other projects to boost the nation’s economy and increase job opportunities for Africans.

 

 

 

[Punch]