Auto industry attracts over $1 billion investments
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.
Transport sector’s tales of woe, renewed hope for 2020
It is not a hidden fact that Nigeria has great and diverse transport potentials yet to be fully tapped and explored.
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.
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.
Ford assembly plant berths in Lagos, to produce 20,000 vehicles yearly
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.