November 28, 2022

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Nigeria’s automotive sector in precarious state of affairs, CFAO boss laments


Deputy Managing Director of CFAO Motors, Kunle Jaiyesimi has lamented the precarious state of affairs of Nigeria’s auto business, urging the federal government and different crucial stakeholders to take pressing consideration in resuscitating the sector.

Jaiyesimi made disclosure whereas making a presentation on the final seventh version of the Nigeria Auto Journalists Affiliation (NAJA) coaching/capability constructing workshop held Friday, twenty ninth July, 2022, on the Convention and Exhibition Centre of the Lagos Chamber of Commerce and Business (LCCI), Alausa, Ikeja with the theme: “Accelerating Vehicle Business Restoration Technique In Put up COVID-19 Period”.

Jaiyesimi who can be the chairman of the Auto & Allied sub-Sectoral group of the Lagos Chamber of Commerce & Business, mentioned his firm, CFAO just isn’t remoted from {the catalogue} of woes that the native automotive business is passing via regardless of their efforts made up to now to construct the sector to an enviable place.

He identified that his firm has been having the influence of the prevailing financial state of affairs however has determined to not lay off their employees.

To maintain the staff, he disclosed that CFAO had since transformed their employees in meeting crops to after-sales workers, in order to proceed to maintain them.

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