Hope for Nigerian Economy: Automotive Industry can provide Jobs for Nigeria, says Engr Wilson Ali FNSE, FNIMechE

Hope for Nigerian Economy: Automotive Industry can provide Jobs for Nigeria, says Engr Wilson Ali FNSE, FNIMechE

According to Engr Ali, the focus on Automotive Policy of the country is an opportunity to kick start the Nigerian technology development during difficult moment on our history. Many industrialized economies today have hard to push their technology acceleration through automotive industry. Among which are United States of America, Japan and German. The case of Germany is especially of good lessons to Nigeria. Using the VW Beetle car as an example, after the WW11, the government of the then Western Germany commissioned some engineers to design a cheap, affordable and efficient automobile for use within the country. The outcome became successful beyond the shores of the country. This birthed the VW Beetle, which was dominant in this clime for many decades. This iconic brand re-launched the then western German into economic Prosperity. Today, the automotive industry contributes significantly to the Germany Gross Domestic products (GDP).

About half a dozen years after the worst recession in the  US precisely in the 1930s, the American economy demonstrated many signs of strengthening, the auto industry helped to drive the economy. In the US, the automotive industry is a critical component of the economic growth, with extensive connections across the industrial and cultural fabric of the country. The Auto industry is one of the largest industries in the United State. For more than a century, the automotive industry has been a major contributor in shaping the US economy and has generated and supported millions of jobs.

As part of the 2014, the US motor vehicles and parts manufacturing industry employed more than 870, 000 workers…

Many industrialized economies today have hard to push their technology acceleration through automotive industry

Excerpt from the lecture :Shoring the National GDP Through Automotive Manufacturing, Sales and Management by Engr Wilson Ali, FNSE, FNIMechE

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