Nigeria's automobile industry received a boost with over $1billion investments from renowned auto manufacturers in 2019, thereby lifting capacity to at least 408,870 vehicles yearly.

It is not a hidden fact that Nigeria has great and diverse transport potentials yet to be fully tapped and explored.

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.

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.


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.

The National Automotive Design and Development Council (NADDC) has vowed to put a stop to yearly importation of more than 400,000 used vehicles...

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.

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 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 Limited is setting an ambitious goal that will see the wholly Nigerian-owned company assemble different range of Yutong buses locally.

Coscharis Group has unveiled its Ford assembly plant in Lekki area of Lagos. It has the capacity to produce 10,000 to 20,000 cars yearly.

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...