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2ND EDITION OF NIGERIA AUTO-MARINE CONFERENCE AND EXHIBITIONS (NAMAC)

Finest industry practitioners in the affairs of automobile and maritime business amongst scores of participants gathered again to record the 2nd edition of Nigeria Auto-Marine Conference and Exhibitions (NAMAC) held on Thursday, 2nd May 2019 at Presken Hotel, Allen Round About, Ikeja, Lagos.

The theme of this year’s edition of the annual event was tagged NIGERIA’S AUTO-MARINE INDUSTRIALIZATION: CATALYST FOR ECONOMIC DEVELOPMENT. Also, the conference kick off at 10:00 AM prompt.

“According to the convener of NAMAC, James Sodiya, the inspiration for this year’s theme is to address some critical challenges affecting the nation’s maritime and automobile industry as well as having a negative multiplied effect on the people of Nigeria”.

Speaking at the event, the Patron of NAMAC, Raph Agbogu mentioned that “transportation is the artery of every economy. It oils the wheel of economic development in every country.
Agbogu spoke extensively, he said, since independence, Nigeria has remained largely an import-dependent nation with over 90 per cent of her revenue expended in his direction. We cannot continue this way; hence the need to begin to think ‘industrialization’ as suggested by our theme.

He also added that the auto-marine sub-sector has been the engine room of the nation’s little economic process, which has remained import-dependent. it is time to begin to change the narrative. The Country has the potentials to do so.

Also in his words, “One of the driving forces of industrialization is iron and steel. Nigeria has huge deposits of iron ore, the raw material for iron and steel production. It is scattered all the country, especially in the northern axis. Scientific surveys have shown that, if fully exploited, even on daily basis, the iron ore deposit in the country can last as long as over 400 years.

In his address, he commended present administration for its concerted efforts at revitalizing the moribund Ajaokuta Steel Complex (ASC), Ajaokuta Kogi State, abandoned for over 30 years and opined that if fully revived, with the complimentary outputs of the various iron and steel rolling mills in the country, would catapult the industrial development of the nation.

“One hopes that in the course of resuscitating the Ajaokuta Steel Complex, Government should not forget to incorporate major missing aspect in its original production line, which is the flat sheet. With flat sheet production, auto and auto-parts manufacture would automatically begin to happen; ship building and ship repairs would begin to thrive; producers of outboard engines for boats would be encouraged to invest in the country. etc All these will come with their multiplier effects, including job creation, on the economy.

For more juicy information from the NAMAC 2.0, visit our Youtube page AutoXpatTV for videos.

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