The National Automotive Design and Development Council (NADDC)is geared to enter into a partnership with African Export-Import Bank (Afrexim) for the benefit of the Nnewi Industrial Park in Anambra State.

Infinity Tyres

To this end, the Director General of the NADDC,
Mr Joseph Osanipin, yesterday visited the Regional Chief Operating Officer of the African Export-Import Bank (Afrexim), Mr. Eric Intong in Abuja.

According to the NADDC, the purpose of the visit was to solicit for collaboration with the Afrexim Bank in financing some projects in the local auto industry, especially the Nnewi Auto Industrial Park.

At the meeting, Mr Osanipin highlighted the significance of the Nnewi Auto Industrial park describing it as a new solution to the challenges confronting component parts manufacturers in Nigeria which will also invigorate the Automotive Sector and propel Nigeria towards a future of enhanced Job creation and economic prosperity.

The Regional Chief Operating Officer expressed his enthusiasm in kickstarting the Nnewi Auto Industrial Park and also assured of Afrexim Bank readiness for productive partnership with the Council.