• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Wednesday, June 10, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
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
5
VIEWS
FacebookTwitterWhatsappEmailTelegram

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.

RelatedPosts

Military rescues 400 in Borno – group urges swift action on Oyo victims

Benue signs landmark electricity law to generate, transmit power

Oil Shutdown: Gbaramatu youth seal Flow stations over ward delineation

“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:  Senate To Confirm Service Chiefs, Forms Special Committees

“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:  Governor Sule Settle N22m Medical Bill For Journalist's Wife In Nasarawa

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)

Previous Post

Alleged N1.3bn fraud: Court orders arrest of Dana Air MD, Ranesh

Next Post

Trump, Harris race to get votes on eve of U.S. election

Nathaniel Irobi

Nathaniel Irobi

Related Posts

Military rescues 400 in Borno – group urges swift action on Oyo victims

Military rescues 400 in Borno – group urges swift action on Oyo victims

by Nathaniel Irobi
June 9, 2026
0

Muslim Media Watch Group of Nigeria (MMWG) has praised the Nigerian military and the Federal Government for the rescue of...

Benue signs landmark electricity law to generate, transmit power

Benue signs landmark electricity law to generate, transmit power

by Nathaniel Irobi
June 9, 2026
0

MAKURDI – Governor Hyacinth Alia of Benue State has signed the Benue State Electricity Bill 2026 into law, granting the...

Oil Shutdown: Gbaramatu youth seal Flow stations over ward delineation

Oil Shutdown: Gbaramatu youth seal Flow stations over ward delineation

by Nathaniel Irobi
June 9, 2026
0

WARRI – Hundreds of protesters from the Gbaramatu Kingdom in Delta State have shut down multiple oil flow stations, demanding...

Next Post
Trump, Harris race to get votes on eve of U.S. election

Trump, Harris race to get votes on eve of U.S. election

House of Representatives Spokesperson, Akintunde Rotimi Jnr Holds Two Day Training/ Grant/ Empowerment of 40 Community Leaders, 500 Constituents

House of Representatives Spokesperson, Akintunde Rotimi Jnr Holds Two Day Training/ Grant/ Empowerment of 40 Community Leaders, 500 Constituents

Recommended

Hajj 2026: Refunds demanded as feeding and sacrifice services fail

Hajj 2026: Refunds demanded as feeding and sacrifice services fail

4 days ago
Northern Group Warns Against Attacks on Senate President Akpabio

Akpabio denounces ‘false’ claims of Senate ticket promises to defeated lawmakers

4 days ago

Popular News

  • Residents flee as flood ravages 10 communities in Kebbi – NEMA

    Residents flee as flood ravages 10 communities in Kebbi – NEMA

    0 shares
    Share 0 Tweet 0
  • Nigerian Govt laments gaps in polio eradication despite $500m spent

    0 shares
    Share 0 Tweet 0
  • Court Rejects Stay of Execution Bid Against United Methodist Church

    0 shares
    Share 0 Tweet 0
  • Musawah Movement Demands Constructive Political Dialogue Ahead of 202

    0 shares
    Share 0 Tweet 0
  • Boost Military Morale Through Positive Coverage, Media Told

    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 (26)
  • Business (836)
  • Education (277)
  • Entertainment (423)
  • Health (254)
  • National (3,357)
  • News (10,522)
  • Opinion (453)
  • Politics (2,228)
  • Science (15)
  • Security (421)
  • Sports (736)

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