• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
Saturday, July 12, 2025
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • About
  • Advertise
  • Privacy Policy
No Result
View All Result
Elanza News
Home News

FG to address $1bn losses on spare parts importation

Nathaniel Irobi by Nathaniel Irobi
November 4, 2024
in News
0
0
SHARES
4
VIEWS
FacebookTwitterWhatsappEmailTelegram

RelatedPosts

Mining Marshals Under Siege: Minister Alake Exposes Blackmail Attempts

Alleged N29 Billion Fraud: Ex-governor Nyako, EFCC Consider Out-of-Court Settlement

Troops Kill 15 Terrorists, Arrest Scores in Northern States

The National Automotive Design and Development Council  (NADDC) has taken further steps to address the over one billion dollars which the country lost due to importation of component parts of vehicles.

The NADDC Director-General,  Joseph Osanipin said this at the training of some Engineers on Midas NFX Software Automotive Design Skills Boot Camp organised by the council on Monday on Abuja.

“The country spends over one billion dollars each year on imported spare parts.

“This massive expenditure underscores the urgent need for local production capabilities and advanced design training to reduce dependency on foreign imports and stimulate economic growth.

“This boot camp focused on Midas NFX software training aimd at empowering local engineers and designers with the skills necessary to create high-quality vehicle components,” he said.

According  to him, Midas NFX is a sophisticated tool that enables users to scan parts, design them according to specific requirements, and select the optimal materials whether plastic or steel for production.

He said the software represented a crucial step in modernising Nigeria’s automotive manufacturing processes.

“The boot camp is designed not only for staff of the council but also for private entities that might lack the resources to access such training opportunities.

“With a target of training 100 individuals over the next year, the initiative aims to equip local assemblers and manufacturers with essential knowledge, bridging the gap between theory and practice.

ALSO READ:  Israel denies reports on Gaza truce

“The only way we can bridge the gap is through knowledge. And through this programme we hope to foster innovation within the industry.

“The programme will not only enhance local expertise but also pave the way for the development of locally-produced spare parts, ultimately saving the country significant amounts of foreign currency,” he said.

Osanipin said while Nigeria had made strides in producing lubricants, there remained a vast potential in other vehicle components, such as batteries, brake pads, and filters.

He said the automotive aftermarket represented a significant economic opportunity, and harnessing local talent to design and manufacture these parts could stimulate job creation and enhance self-sufficiency.

” About 24 participants are set to be trained today and future plans are already in motion to expand this training initiative.

“By focusing on advanced technologies and adherence to production specifications, Nigeria aims to position itself competitively in the global market,”Osanipin said.

The Managing Director, FAZSAL Nigeria Limited, Dr Abdullawal Zubair, commended the NADDC boss for the opportunity he gave to the participants to  engage in the software training.

“The D-G has provided this department with enough tools.You have 3D scanner, 3D printer, so you can print or produce anything as the 3D scanner you have is the best in the world,.

“I therefore urge the participants to judiciously utilise this  opportunity to improve on their skills for their personal growth and the  growth of the industry ” he said.

Also speaking, the Director, Directorate of Research Design and Development, NADDC, Dr Fidelis Achiv, reiterated the importance for value addition even as the country was engaging in the assembling vehicles.

ALSO READ:  ICPC to arraign 3 El-Rufai’s aides, firm over alleged N64m fraud

While commending the director-general for hosting the training, he also urged the participants to utilise the training, and further train other Nigerians to ensure the growth of the industry.(NAN)

Nathaniel Irobi

Nathaniel Irobi

Related Posts

Mining Marshals Under Siege: Minister Alake Exposes Blackmail Attempts

Mining Marshals Under Siege: Minister Alake Exposes Blackmail Attempts

by Nathaniel Irobi
July 12, 2025
0

Dele Alake, the Minister of Solid Minerals Development, has revealed that the Mining Marshals (MM)—a security unit formed in 2024...

Alleged N29 Billion Fraud: Ex-governor Nyako, EFCC Consider Out-of-Court Settlement

Alleged N29 Billion Fraud: Ex-governor Nyako, EFCC Consider Out-of-Court Settlement

by Nathaniel Irobi
July 12, 2025
0

A former governor of Adamawa State, MurtalaNyako, has opted for an out-of-court settlement with the Economic and Financial Crimes Commission...

Troops Kill 15 Terrorists, Arrest Scores in Northern States

Troops Kill 15 Terrorists, Arrest Scores in Northern States

by Nathaniel Irobi
July 12, 2025
0

In a series of coordinated operations across the country, troops of the Nigerian Army on Thursday neutralised more than 15...

Recommended

Kaduna State to hold education summit – Commissioner

Gov Uba Sani Announces 40% Tuition Reduction, Unveils Education Model to Address Out-of-School Crisis

3 days ago
Rishi Sunak Returns to Goldman Sachs as Senior Adviser After Downing Street Exit

Rishi Sunak Returns to Goldman Sachs as Senior Adviser After Downing Street Exit

3 days ago

Popular News

  • CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    CDS’s Wife, Shehu Sani, Katung, Other’s To Storm Pastor Mutum’s Ordination, Book Launch

    0 shares
    Share 0 Tweet 0
  • Bwari Council Chairmanship Aspirant, Dara, Dumps Labour Party Over Suspected Foul Play In Primaries

    0 shares
    Share 0 Tweet 0
  • Innoson, Ibeto, Apostle Alozie To Honour Archbishop Emma David At Golden Jubilee Celebration

    0 shares
    Share 0 Tweet 0
  • Kaduna Govt Unveils 345 Supervisory Councillors, Special Advisers Across 23 LGAs

    0 shares
    Share 0 Tweet 0
  • Bannon Tried to Use Iran Strike to Split the GOP Says Former Counselor to Jared Kushner, Eliyahu Okkon, Esq.

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (25)
  • Business (737)
  • Education (217)
  • Entertainment (310)
  • Health (193)
  • National (2,168)
  • News (8,145)
  • Opinion (297)
  • Politics (1,621)
  • Science (15)
  • Security (405)
  • Sports (436)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform