NADDC, AFREXIM Partner On Nnewi Auto Industrial Park

Plans are in the pipeline over a collaboration between the National Automotive Design and Development Council (NADDC), and the African Export-Import Bank (Afrexim), in financing the Council projects, especially the Nnewi Auto Industrial Park.

To this effect, the Director General of NADDC, Mr Joseph Osanipin recently visited the Regional Chief Operating Officer of the development bank, Mr. Eric Intong.

At the meeting, Mr Osanipin highlighted the significance of the Nnewi Auto Industrial Park describing it as a new solution to the challenges confronting component parts manufacturers in Nigeria which will also invigorate the Automotive Sector and propel Nigeria towards a future of enhanced Job creation and economic prosperity.

The Regional Chief Operating Officer expressed his enthusiasm in kick-starting the Nnewi Auto Industrial Park and also assured of Afrexim Bank readiness for productive partnership with the Council.