Louis Carter Group, etc. The great majority of industrialists in the cluster of spare parts factories in Nnewi are also traders, and most of these traders are producing one or more of the products they specialize in marketing as traders (usually motor vehicle parts), and most began by distributing their products through their preexisting distribution networks. Nnewi is part of eastern Nigeria's industrial axis. The town has through culturally grounded institutions that act as sophisticated networks expanded to include an international dimension through trading relations with exporters from Asia. Over the last decade, the town of Nnewi has experienced relatively rapid industrialization. In excess of 20 medium to large scale industries have been established across a variety of sectors. Since 1970, Nnewi residents have controlled approximately 80 to 90 percent of the motor-parts trade in Nigeria. Nkwo Nnewi Market is the major import and wholesale point for motor spare parts in Nigeria. The industrialists of Nnewi are adapting foreign technology to local needs, providing employment to thousands, and making available goods and services which are relevant actual needs of the Nigerian citizens.
Nnewi is known for the vibrant auto industry in the city, the first Igbo man to own and drive a car was HRH Igwe. Orizu I (Eze Ugbo Onya Mba) in 1912. By 1940, Nnewi residents were at the center of an international trading network that dominated the supply of motor spare parts in Nigeria. The town subsequently became a center for commerce and industry, and has one of the largest automotive parts markets in Africa. Nnewi Township is an authentic "manufacturing miracle." Small and medium sized industries have set up in the town and are producing not only for the Nigeria markets but - albeit still to a limited extent - for markets abroad.
Industrialization of the town began around 1970 when Nnewi motor parts traders began marketing their own brand name products instead
