Nigeria’s automotive sector is a $5 billion frontier for industrial growth. With 12 million vehicles on the road, demand for maintenance is high. The National Automotive Design and Development Council is pushing for local assembly capacity to jump from 1% to 40%. Additive Manufacturing and 3D printing present a “transformative opportunity” for localized production. Investors are urged to build infrastructure and capitalize on the “Made in Nigeria” opportunity

Tony Elumelu’s Tony Elumelu Foundation has invested over $100 million in African startups, supporting 24,000+ entrepreneurs across the continent. The foundation’s entrepreneurship programme provides seed funding, mentorship, and training to help early-stage businesses scale and create jobs. Elumelu emphasizes Africa’s youth potential, stressing that access to capital, mentorship, and markets is key to driving economic growth. The programme has generated $4.2 billion in revenue and created 1.5 million jobs. Elumelu’s Africapitalism philosophy promotes private-sector-led development, aiming to unlock Africa’s economic potential.