Currently building about five units of vehicles on a single shift per day, Dangote Sinotruck West Africa Limited has revealed its first set of locally assembled truck in Lagos.
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Olaoluwa Ogundipe, Principal Technical Assistant with the National Automotive Design and Development Council, has called on the Federal Government to ensure that Ajaokuta Steel Company functions at full capacity. Ogundipe told the News Agency of Nigeria (NAN) in Abuja that the company had lot of steel metal that could be used for automobile industry. “If Ajaokuta steel is functioning, there […]
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The House of Representatives says it will review the National Automotive Policy, in order to set an effective implementation framework and incorporate a number of suggestions offered by local automakers and other stakeholders in Nigeria. The lawmakers made the resolve as industry players in the automobile sector sought for a ban on importation of used vehicles through land boarders. Speaking […]
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The first set of Nigeria-assembled Toyota cars will be rolled out in a couple of months, the Chairman, Toyota Nigeria Limited, Chief Michael Ade-Ojo, has said. He spoke in Lagos at the unveiling of an automobile assembling plant dedicated to the production of two vehicle brands, Toyota and JAC, with a target of 15,000 vehicles yearly. “The semi-knocked down parts […]
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The Federal Government has set up N25bn revolving loan scheme for transport companies in the country for purchase of mass transit vehicles. The Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, disclosed this in Abuja on Tuesday at the opening of a two-day national workshop for chief executives of mass transit companies. Enelamah said the initiative was aimed at […]
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To improve access to new vehicles and promote the patronage of locally assembled vehicles, the Federal Government, through the National Automotive Design and Development Council (NADDC) has announced plans to unveil a credit purchase scheme for Nigerians to purchase such vehicles. According to the Director, Policy and Planning, Luqman Mamudu, the council is contributing about N7.5 billion interest free rates […]
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The Federal Government and local automobile manufacturers have disagreed on the enforcement of a 70 per cent tariff on imported used vehicles. While the latter want the Federal government to commence the enforcement with immediate effect the second phase of the imposed 35 per cent tariff on imported used vehicles to discourage their importation, the government says it will only […]
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As part of measures to support Nigeria’s National Automotive Industry Development Plan (NAIDP, representative of Suzuki Motors in Nigeria, Boulos Enterprises Limited said it will soon begin to roll out Suzuki vehicle in the country. The organisation, which ceased its representation of a three-wheeler, Piaggio earlier in the year, told The Guardian in Lagos that it has made progress in […]
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There were palpable sighs of relief in the crowded hall at a hotel in Victoria Island, Lagos, during the week, when the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah assured stakeholders in the auto industry that the Federal Government would implement the National Automotive Industry Development Plan (NAIDP), and not scrap it. “The FGN has identified the auto […]
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Globe Motors Nigeria, says it has concluded plans to roll out its $150 million (N29.55 billion) auto assembly plant next month in Lagos which has the capacity to produce 6,000 vehicles annually at the start. Chairman of Globe Motors Holdings, Mr. William Anumudu, told journalists in Lagos that over 10,000 jobs would be created indirectly as a result of the […]
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The Federal Government on Friday said it had suspended the issuance of new licences to automobile companies applying to establish vehicle assembly plants in Nigeria. This is coming after it had reportedly registered about 35 firms to start the production and assembling of new vehicles and motorcycles in different parts of the country.
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Automobile importers and dealers are currently experiencing a tough time as the implementation of the 70% import tariff on cars is taking a heavy toll on their business. Investigations at the Lagos ports and dealers’ showrooms on Wednesday revealed that vehicle imports had dropped by about 70 per cent just as sales had tumbled by over 60 per cent.
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