WAAS 2022: Exhibitors rate Nigerian automotive market high

Exhibitors at this year’s West Africa Automotive Show (WAAS), which was recently held in Lagos, Nigeria, have described the Nigerian market as a very huge one for their business to thrive.

Drawn from Africa, Asia, America and Europe, the exhibitors came into this year’s exhibition with the latest technologies in vehicle spare parts such as lubricants, and batteries among others for vehicle owners and auto engineers to adopt for the smooth running of their vehicles.

Speaking with journalists during the event, some of the exhibitors described the Nigerian market as very huge, stating that the country’s business environment favours the automotive business due to its population and the large appetite of vehicle owners for quality spare parts.

One of the exhibitors, who is the Chief Operating Officer, Reem Batteries & Power Appliances Company, Sanjeev Arvind Khapre, said he was the head of the defunct West Africa Batteries Limited in Ibadan, the Oyo State capital for ten years and noted that” Africa is a very big market so also Nigeria is a big market for automobile parts. There is no manufacturer of battery now in Nigeria after West Africa Batteries was closed down, so we want to market our products here and maybe, later on, we can have a manufacturing base here.”