Anxiety as government reviews auto policy
Following the recent announcement by the Federal Government to review the National Automotive Industry Development Plan (NAIDP), stakeholders have expressed worry on what will be the new provisions of the bill.
Stakeholders seek review of automotive policy, flay inaction
The nation’s automobile industry has been reeling under the pangs of harsh operating environment, just as the bottom-line of the sector’s listed equities, since 2015, remained subdued, with gloomy outlook, due to policy challenges.
‘Why Nigeria must stop used cars from China’
The Federal Government has been urged to halt the dumping of used cars from China to save the local auto industry. The Chairman, Motor Vehicles & Miscellaneous Assembly Sectoral Group of the Manufacturers Association of Nigeria (MAN), Dr. David Obi, said the “Chinese gift” was not only shocking but would also amount to opening the floodgates for used vehicles to submerge the local industry.
Automotive council laments $8b yearly import of used vehicles
The National Automotive Design and Development Council (NADDC) has vowed to put a stop to yearly importation of more than 400,000 used vehicles...
Fortunes lost to dormant automobile policy as vehicle smuggling thrives
The recent call for the downward review of tariff on all imported vehicles into the country by the Comptroller Genera, Nigeria Customs Service (NCS), Ahmeed Ali, has elicited divergent concerns from stakeholders. But they all point to the fact that Nigeria is losing fortunes to the imperfect system.
‘Why government’s vehicle financing scheme is not achievable’
The plan provides for a credit purchase scheme, to ensure that funds are available cheaply, and made available as loans to civil servants, haulage and passenger commercial companies, and the general public that patronise made in Nigeria vehicles.
Globe motors rolls out first Hyundai vehicle in Nigeria
Globe Motors has started the production of Hyundai and Higer brands of vehicles in its assembly plant in Lekki, Lagos. Located along the Eleko-Ibeju-Lekki area of Lagos, the plant for now has an installed capacity of 6,000 vehicles yearly, which the company said can also be increased depending on market forces. This automobile marketing company…
Kojo Motors launches Yutong buses in Nigeria
Kojo Motors Limited is setting an ambitious goal that will see the wholly Nigerian-owned company assemble different range of Yutong buses locally.
No to total ban on tokunbo vehicles,says government
The Federal Government will not totally ban the importation of fairly used vehicles (tokunbo) until a robust finance scheme is launched to enable Nigerians to buy brand new ones...
Elizade begins assemblage of JAC motors in Nigeria
Elizade Auto Land Ltd, authorised dealer of JAC Motors in Nigeria, on Wednesday started assemblage operation in Lagos to roll out 15, 000 vehicles yearly from Semi Knock Down (SKD) parts.