Page 7 - பொருட்கள் வரையறுக்கப்பட்டவை News Today : Breaking News, Live Updates & Top Stories | Vimarsana

•As Nigeria’s automotive policy suffers setback Reliance on used vehicles is hindering growth of Africa’s automobile market. This is projected to escalate for sub-Saharan Africa (SSA) in the next 15 years, implying that Africa’s demand for vehicles will likely continue to be met by other continents in the foreseeable future. This was contained in a White Paper, by World Economic Forum (WEF), in collaboration with Deloitte, titled: “Connecting countries and cities for regional value chain Integration,” released on Tuesday. Trade in used vehicles has variable effects on producers of new vehicles. In low-income countries (LIC), used-car imports often lead to depressed sales and lower prices for new vehicles, while in high-income countries (HIC) the effects may be trivial.

South africaLagos stateHenrii nwangumaSamuel odewumiWorld economic forumNigeria national automotive industry development planLagos state universitySaharan africaWhite paperNational automotive industry development planAuto policyFederal governmentExecutive officerWest atlantic cold chainCommodities limitedInnoson vehicles manufacturing