Auto Dealership Industry Contributes Over 7% to Nigeria's GDP, Says Moghalu

Amobi Moghalu, a chieftain of the group, clarified that the auto dealership industry contributes over 7% to Nigeria's GDP, underscoring the importance of recognizing the local manufacturing segment's impact. He noted the substantial contributions made by various service providers within the auto dealership ecosystem.

Moghalu emphasized the need for a dedicated secretariat to support the industry's welfare and revenue generation. Despite the sector's importance, he expressed concerns about the lack of proper infrastructure and support for players in the industry, advocating for a more structured approach to enhance growth.