The Minister of Industry, Trade and Investment, Adeniyi Adebayo, has described the automobile industry as one of the sectors with huge potentials, adding that his ministry was unrelenting in its effort to mitigate challenges confronting the sector.
Adebayo made this known at the inauguration of ride-hailing brand, Africar, in Ibadan, Oyo State, recently, an event that was attended by government officials and industry stakeholders.
A part of the Stallion Group, Africar is a technology startup with a vision to operate and develop transporting solutions through ride hailing.
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The minister, in a statement, noted that Africar had the potential to transform the transportation industry in the state, providing both employment opportunities and low-cost rides.
He was quoted as saying, “A ride-hailing app that uses only locally assembled cars has the potential to transform the local industry. Integration of Nigeria’s automobile industry is a key presidential priority area. It is an area with huge potential and the ministry is working assiduously to mitigate the challenges it has faced and to revive the sector.”