Nigeria's first Automotive Whitepaper to be Unveiled on May 25th

Despite Nigeria's big automobile industry, it's quite disheartening that there are little or no verifiable or workable data at the disposal of stakeholders in the sector. On this note, we say kudos to Carmudi Nigeria on this bold innovative step.

On Monday, May 25th, the trend of the automobile sector in Nigeria will become known to the entire world as Carmudi Nigeria an online automobile marketplace unveils Nigeria’s First Automotive whitepaper in Lagos.

According to Carmudi Nigeria, the white paper is a data driven research carried out by same in response to the need of car buyers, sellers and potential automobile investors to know present trends in the automobile industry. The paper will also talk about the automotive policy which is a key topic in the future of the automobile industry and economy of the country.

Carmudi Nigeria will be on CNBC live on Monday in the Afternoon to unveil the Whitepaper which will be available online by Monday the 25th of May so watch this space.

In many countries, the automotive industry plays both a strategic and catalytic role in the economic development in respect of employment creation, Gross Domestic Product (GDP) generation, economic linkages which serves as veritable platform for Small, Medium and Micro-Enterprises development, innovative, skill and technology development.

Nigeria automobile industry is estimated to be worth more than $6 billion according to government figures.