NAIDP – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 24 Jul 2021 13:46:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png NAIDP – InfoStride News https://www.theinfostride.com 32 32 Nigeria’s auto industry loses $10bn yearly to petrochemical, steel deficits https://www.theinfostride.com/nigerias-auto-industry-loses-10bn-yearly-to-petrochemical-steel-deficits/ https://www.theinfostride.com/nigerias-auto-industry-loses-10bn-yearly-to-petrochemical-steel-deficits/#respond Sat, 24 Jul 2021 13:44:51 +0000 https://www.theinfostride.com/?p=301813 Government’s failure to revive steel companies and equally develop indigenous petrochemical plants have stalled the local automotive development agenda, leading to loss of $10 billion yearly to large scale importation of fully-built motor vehicles and allied components used for local assembling. For instance, steel accounts for about 60 per cent of raw materials used in [...]

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