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Nigeria Case Study
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Nigeria Case Study Growth Potential Brazil- 3million TIVNigeria- 50 000 TIV
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Nigeria Case Study: Establishment of Assembly plant
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Nigeria Case Study: New Automotive Policy ProcessProcess Engineering Engineering Nigerian Industrial Revolution Plan (NIRP) Diversification of Nigeria’s economy and revenues through industry Increase manufacturing’s contribution to GDP from: - 4% to 6% by 2015; and - >10% by 2017 Elements of the Automotive Development Plan
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Nigerian Case Study: Proudly Nigerian Products
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Nigerian Case Study: Skills Development
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Skills Development Process EngineeringQuality AssuranceTotal Customer ServiceSupply Chain ManagementHuman Resources
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Skills Development
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Other Growth Initiatives: Retail Network Expansion
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Geographic coverage Service capacity Increase focus on our markets Brings us closer to our customer Zimbabwe. Direct Dealer Distribution Model Dealer Network to satisfy customer needs Network quantity & quality Zambia Malawi
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Other Growth Initiatives
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Brand Building
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Challenges Government policy uncertainties High country risk factor: African countries represent 50% of the highest risk countries Erratic market conditions: forex fluctuation, duty structure changes Logistics network challenges in distributing products across the region Lack of reliable market information: limited statistical data and market intelligence
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Challenges Competitiveness of key markets: based on the World Economic Forum Competitiveness Index. Those at the bottom end of the scale are: Kenya 90 Ghana 111 Nigeria 127 Angola 140 Grey market penetration: grey market estimated to be 10 X new vehicle market size Skills shortage: not enough requisite skills hinders growth of the motor industry in Africa
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Building Automotive Industry: Opportunities Process Engineering Growing TIVImproved Road NetworkBetter Fuel Network
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Building Automotive Industry Benefits Employment CreationGreater GDP ContributionEconomic LinkagesSME development in respect of Automotive parts, components and servicesSkills DevelopmentTechnology and Innovation advancement
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Building Automotive Industry
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Thank You
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