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Tag: African Automotive News

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Nigeria to ban used cars over seven years old

The House of Representatives Committee on Customs and Excise have increased their revenue targets to N1.56tn for the Nigerian Customs Service in 2021. 

The amount was originally suggested be to around N1.4tn, however during the budget defence session held with the Controller-General of the NCS on Tueday sdue to the pandemic the targets where increased accordingly.

The Customs committee proposed a ban on importation of vehicles that have been used for more than 7 years.

Chairman of the committee, Leke Abejide, insisted that the targets on duties and VAT have remained the same throughout the pandemic.

Abejide said, “The 2021 proposal that Customs brought to us; we compared notes of what was presented to us in the 2020 fiscal year and what was collected by the service. There was a proposal of N1.4tn. When we looked at your new proposal and the kind of noise it will generate when we get to the floor of the House, we don’t want to have problems on the floor trying to pass the budget.”

He continued “We are now working on a policy proposal that will reduce the years of the vehicles that will be imported into the country as used vehicles.

“Our own is to ensure that we have roadworthy vehicles and that is not to say that we want to kill our own home-grown industries. It is our hope that our own industries will begin to produce vehicles that we can afford to buy and reduce importation of used vehicles.”

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Source: The Punch, April 2021

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Bed occupancy in Lagos COVID-19 centres decreased to 8%

Prof. Akin Abayomi, the Lagos State Commissioner for Health, has announced the bed occupancy in the states public and private COVID-19 care centre has reduced from 60% to 8%. 

Adayomi made the announcement Thursday evening via his verified Twitter account. He indicated that as of the beginning of February, the bed occupancy within both private and public COVID-19 centres has dramatically declined. His research indicated that 5 out of the eleven private and public care centres in the state were completely empty.

Finally indicating that 520 beds were available from the total across the 11 COVID-19 care centres. The positive news comes a number of days after the Government have announced the COVID-19 vaccine inoculations have begun.

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Source: The Punch, March 2021

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Update: COVID-19 Vaccines arrive in Nigeria

Nigeria have received nearly four million doses of the COVID-19 AstraZeneca/Oxford vaccine, shipped via the COVAX Facility, a partnership between CEPI, UNICEF, Gavi and WHO (World Health Organisation). 

It is believed that COVAX have delivered 3.94 million doses of the vaccine, which arrived from Mumbai into Abuja around 11:30am yesterday morning.

Presidential aid, Bashir Ahmad, tweeted yesterday “Nigeria has just received the first batch of Oxford/AstraZeneca Covid-19 vaccine”. The welcomed news comes as the nation plans to successfully vaccinate 40% of the Nigerian population this year.

UN Resident Coordinator in Nigeria, Edward Kallon, stated “The UN Country Team in Nigeria reiterates its commitment to support the vaccination campaign in Nigeria and help contain the spread of the virus.

“The arrival of these vaccines in Abuja today marks a milestone for the COVAX Facility in its unprecedented effort to deliver at least 2 billion doses of COVID-19 vaccines globally by the end of 2021”.

In accordance with the National strategy, front healthcare workers will be inoculated first.

WHO representative in Nigeria, Dr Walter Kazadi Mulombo, said “It is heart-warming to witness this epoch-making event and WHO wishes to congratulate the government of Nigeria for its participation in the global vaccine collaboration (COVAX) efforts and its commitment to protecting Nigerians against this pandemic.

“Vaccines are a critical new tool in the battle against COVID-19; therefore, this is a step in the right direction. These vaccines have undergone rigorous regulatory processes at global and country level and have been deemed safe and effective.”

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Source: The Punch, March 2021

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UK Government to Provide Nigeria with 16m free COVID-19 Vaccines

The UK Government have announcement yesterday that the Global Vaccine Alliance (GAVI) have agreed that Nigeria will be among the first group of countries to receive 16 million free doses of COVID-19 vaccines through the COVAX Global Vaccines Facilities. 

The British High Commission Office released a statement to the the News Agency of Nigeria (NAN) indicating that the free doses will be widely available in the first half of the year.

In the statement, GAVI released the first forecast of countries which are widely available to receive COVID-19 vaccines via the COVAX Advance Market Commitment. The COVAX statement highlighted that it is allocating 330 million vaccine doses to low and lower middle class income countries, including Nigeria.

“As one of the 92 ODA-eligible countries participating in the COVAX AMC initiative, Nigeria will benefit from this arrangement and access free vaccines to cover at least 20 per cent of its population, and the UK is playing a supportive role in ensuring an effective and equitable introduction of COVID-19 vaccines, “it said

The UK are are regarded to be the leading nation tackling the COVID-19 pandemic internationally and so far have pledged over 1.3 billion pounds in UK aid to end the corona virus pandemic as swiftly as possible.

The UK are respected to be one of the largest donors to GAVI, the Vaccine Alliance, which over past two decades have contributed towards updating cold chain infrastructure and improving immunisation procedures in low income countries around the world.

Catriona Laing, The British High Commissioner, stated “This news on the COVAX global COVID-19 vaccine rollout brings us one step closer to delivering vaccines to millions of Nigerians”.

She continued “I am please to announce Nigeria will get millions of these free available doses by the end of 2021”.

This positive announcement comes after the BUA Group announced they will be providing 1 million free COVID-19 vaccines to Nigeria in the upcoming weeks.

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Source: The Guardian Nigeria, February 2021

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Stallion Motor unveils Nigeria’s first electric car

Stallion Motors manufacture Nigeria’s first electric car, it was announced last week at a elaborate ceremony held at the Sheraton Hotel. 

Stallion Motors announced the news they will be manufacturing the vehicle Hyundai KONA infront of dignatries including the Minister of Works and Housing, Babatunde Raji Fashola, The Director-General National Automotive Design and Development Council, Jelani Aliyu, Director General of National Information Technology Development Agency (NITDA), Inuwa Abdulahi and the CEO of Stallion Motors, Anat Badjatya.

The vehicle specification includes being 100 per cent electric, contributing zero-emissions, able to travel 482 kilometers range for a nine hour charge and most importantly a 5 years of battery and a manufacturers warranty.

CEO of Stallion Motors, Anat Badjatya, stated that the Hyundai KONA electric car provides minimal noise, zero-emissions and is low maintenance to operate. He later insisted that electric cars have come to stay in Nigeria, and that Nigeria can not afford to be left behind in the global frame.

Mr Otunba Adebayo, one of the members in attendance who had the opportunity to test drive the, described the vehicles performance as exceptional. However he later insisted that the charging points structure within the nation could be a problem, but will be ironed out in time.

He also insisted that the introduction of the first electronic car will create production competition, highlighting that the federal government is already in discussion with Stallions Motors to reduce the price of cars to make them affordable to many Nigeria’s.

Aliyu, Director of the NADDC, insisted that the independent organisation has been working closely with Stallion Motors and other stake holders to ensure that they assemble and products specifically configuration for Nigerian demographics and requirements.

Badjatya insisted that Stallion Motors are working closely with the authority to ensure the new developed vehicle is affordable to many Nigerian’s. Insisting that Nigerian’s need to embrace the future and zero-emission vehicles are certainly the future.

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Source: This Day, February 2021

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Imported vehicle duty tariff cut very soon – Customs

The arranged reduction on duty tariffs on finished vehicles and tractors from 35%-10% will be active very soon, the Nigerian Customs Service highlighted last week.

Mr Hameed Ali, Comptroller General of Customs, informed journalists in Abuja, stating that the management of the service was awaiting a response on the matter from the Finance Ministry any day now.

Highlighted in the 2020 Finance Act, the vehicle tariff reduction was initiated by the Nigerian Customs Service to relieve the cost of transportation in Nigeria.

“Now, it has become a law. We are now waiting for the finance minister to give us a formal conveyance of that Act. Once we receive it, we commence implementation immediately and inform our commands.” stated Ali.

Regarding the new African Continental Free Trade Agreement, Ali highlighted that all aspects of the agreement which involves the Nigerian Customs Service are being held.

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Source: This Day, January 2021

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Fire Destroys Motorcycle Factory in Nnewi

A fire started on the 9th January gutted Louis Carter Industries Nigeria Limited, a multi million Naira motorcycle spare parts and allied products manufacturing company based in Nnewi, Anambra State. 

The company manufactures the Louis Carter brand motorcycle, which is widely used throughout the South and South Eastern parts of Nigeria. The motorcycle manufacturing company is named after founder and industrialist, Chief Louis Onwugbenu and has been operating for a number of decades.

The fire begun around 10:00pm on Saturday evening and raged throughout the night for around 6 hours despite the attempts to distinguish the blaze by the Anambra State fire service department.

Unfortunately the companies fire defied all the extinguishing machines located onsite and continued to blaze even after the arrival of the fire department.

General Manager of the company Mr Ndubisi Okoli, indicated that “The security men said the magnitude of the fire could not be put out with the extinguishes located onsite which consequently resulted in the team contacting the fire department”. Mr Okoli continued “The source of the fire was caused by Enugu Electricity Distribution Company’s (EEDC) high tension cable which exploded and ignited the fire into the section of the fire which stores the raw materials”.

Also reacting, the Chairman, Chief Executive Officer of Louis Carter Group of Companies, Chief Onwugbenu, said the fire incident had caused a huge loss to the company that had hundreds of workers in its employ.

Staff members indicated that raw materials and machinery worth over N500 Million was completely destroyed, along with the building, however thankfully there was no loss of life.

Chief Onwugbenu said that is would cause a substantial amount of money to rebuild the manufacturing factory, and added he was greatly uncomfortable about the number of staff members which have lost their roles due to the fire.

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Source: This Day, January 2021

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Nigeria to prepare for the delivery of the Pfizer vaccine says WHO

The World Health Organization (WHO) announced yesterday that the Pfizer vaccine has been approved for immunising the Nigerian population. 

During the Presidential Task Force on Covid-19 press briefing in Abuja highlighted that the Pfizer vaccine, which needs to be stored at -70 degrees, is the first to be approved for Nigeria by the independent world health organisation and will be available for emergency purposes.

The first delivery batch of the Pfizer vaccine will be delivered by the end of January and will be sufficient enough to inoculate 20% of the Nigerian population (approx 42 million vaccines). Dr Faisal Shuaib, Executive Director of the National Primary Health Care Development Agency (NPHCDA) was quoted saying that the batch would come as part of Nigeria’s plan to vaccinate 40% of the population by the end of 2021, and an additional 30% in 2022.

In addition to the Pfizer vaccine, the Nigerian Federal Government have also been in talks with China to communicate their interest in gaining access to their Covid-19 vaccine. This will give the nation a number of possibilities to vaccinate the population in a shorter time frame.

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Source: This Day, January 2021

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History made with the launch of the ACFTA

After months of delay due to the COVID-19 outbreak, the African Continental Free Trade Area was officially launched on the 1st January 2021. 

African countries have officially begun trading under the new continental free trade agreement.

The AFCFTA primary aims to being together over 1.3billion people in a $3.4 trillion economic bloc, which will be the largest free trade area since the World Trade Organisation was established. Predicted estimates forecast the free trade agreement could lift tens of millions of people out of poverty by the year 2035. The trade agreement is primary in place to boost trade among fellow African nations, as the continent has previously received low internal trade.

Backers claim that trade among fellow African nations will increase substantially and thus allowing the continent to establish its own value chains of distribution. Every African country is participating in the agreement, except from Eritrea, with a total of 54 nations involved.

Ghana’s President Nana Akufo-Addo indicated “There is a new Africa emerging with a sense of urgency and purpose and an aspiration to become self-reliant. COVID-19 has demonstrated that Africa is overly reliant on the export of primary commodities, overly reliant on global supply chains, when the global supply chains are disrupted, we know that Africa suffers.”

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Source: Aljazeera, January 2021

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Nigerian Land Boarders to Reopen Soon Says President

After much debate, President Muhammadu Buhari has announced that the Nigerian Government are considering re-opening the land boarders ‘as soon as possible’.

The land boarders have been closed since August 2019 to decrease the level of illegal food and agricultural products being smuggled into Nigeria from neighbouring countries.

President Muhammadu Buhari announced the intention via social media on Tuesday, tweeting ‘In my meeting with State Governors today I explained that the closure of Nigeria’s land borders was partly an attempt to control the smuggling in of weapons & drugs. Now that the message has sunk in with our neighbours, we’re looking into reopening the borders as soon as possible.”

Zainab Ahmed, The Minister of Finance, Budget and National Planning, revealed last month that issue had been indicated and will be brought before the President to make a final decision.

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Source: Nairametrics, December 2020

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