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CNG vehicles: Innoson named Silverbird Manufacturer of the Year
CNG vehicles: Innoson named Silverbird Manufacturer of the Year
Chief Innocent Chukwuma, founder and Chairman of Innoson Group of Companies, owners of Innoson Vehicle Manufacturing Company Ltd (IVM), has bagged the Manufacturer of the Year prize at Silverbird Man of the Year Awards 2023.
The award was bestowed on him in Lagos for his feat of being the first automaker in Nigeria to commence the manufacture of a range of vehicles running on Compressed Natural Gas (CNG).
This came about two weeks after receiving The Sun Awards highest honour of Man of the Year.
The organisers of both awards – The Sun Publishing Ltd and the Silverbird Group – said they took into consideration the fact that Innoson Vehicle Manufacturing Company Ltd commenced the manufacture of sundry CNG-powered buses and other vehicles two years ahead of the removal of fuel subsidy by the Federal Government on May 29, 2023.
The Sun and Silverbird noted that the foresight as well as the ability to assess and take risks exhibited by the IVM management in venturing into the production of CNG vehicles was commendable.

The Silverbird Manufacturer of the Year award was presented to the General Manager, Sales & Marketing, Innoson Vehicle Manufacturing Co. Ltd, Nnewi, Mr. Obum Osigwe, who represented Dr. Chukwuma at the colourful ceremony held in Lagos on Sunday, March 3, 2024. Speaking after receiving the award, Osigwe said the award would encourage Innoson to intensify its efforts towards manufacturing sundry top quality vehicles as needed by the auto market in Nigeria.
The Innoson GM said, “On behalf of my boss and Chairman Chief Dr Innocent Ifediaso Chukwuma CON, I wholeheartedly accept this prestigious award of the Manufacturer of the Year. “We are grateful for this honour and we would keep doing our best for our dear nation, Nigeria.
“I would like to thank the Chairman of Silverbird Group, Senator Ben Murray-Bruce, the management and staff of the Silverbird Group for this honour.
“This award will spur us at Innoson Vehicles to do more and increase our effort in making vehicles Nigeria and the world will be proud of.
“Thank you for shedding light on the activities of manufacturers in Nigeria. We are immensely grateful because without you, Nigerians won’t know our toils and travails in the manufacturing sector.
“Thank you so much and God bless our nation Nigeria.”
The Innoson team to the Silverbird Award included Charles Chukwuma, Ben Okoye, Francis Nwose, Joseph Okeke, and a Sales Representative, Onyinye Okeke.
Chukwuma started the production of CNG vehicles about two years before subsidy on fuel was removed and CNG became the preferred and popular alternative to petrol and diesel.
As of May 29, 2023 when the Federal Government declared that subsidy was gone, Innoson had about 100 units of sundry CNG vehicles on its premises in Nnewi, Anambra State in addition to those already delivered to customers in some parts of the country.
Moreover, Innoson was said to have demonstrated long ago that it has the capacity and facility to convert vehicles currently running on petrol and diesel to CNG, even though the service was restricted to IVM customers.
A statement from the automaker said it had embarked on the construction of a much bigger multi-billion naira IVM plant annex covering about 300 plots of land in Nnewi.
This, it said, would likely be commissioned before the end of the first quarter of 2024 (March) to concentrate on manufacturing autogas vehicles.
A video presentation at the Silverbird event informed the guests that with just a startup capital of N20,000, the young Innocent Chukwuma started his own business.
“What began with motorcycle spare parts retailing has four decades later grown into the leading proponent of made-in-Nigeria products and one of its biggest industrial success stories
“1995, Innoson Nigeria established a fully automated motorcycle assembly plant in Anambra State, becoming the first fully indigenous motorcycle maker in Nigeria.
“In the same year, the group launched Innoson Technical and Industrial Limited, the biggest Plastic manufacturing plant in Nigeria with over 150 product lines.in 2007 , Innoson Vehicle Manufacturing was birthed out of a desire to produce affordable, reliable, and durable vehicles that can compete with international car brands
“IVM Innoson has become a household name in Nigeria’s automobile industry, producing a range of innovative and robust vehicles that cater to the needs of the masses..
”According to the presentation, Innoson stands apart from other car manufacturers because of its focus on local content development.
“The company has invested heavily in research and development to design and manufacture vehicles that are tailored to Nigeria’s terrain, climate, and culture.
“Currently, Innoson employs over 7,000 people, most of them Nigerian youths, thereby providing jobs and income opportunities for the masses.”
Innoson’s success has not gone unnoticed. He was made honorary Life Vice president of the Nigeria Association of Chambers of Commerce, Industry, Mines and Agriculture on 23rd of November, 2013.
Innocent is also a grand fellow of Nigerian Institute of Strategic Management.
He currently sits on the board of IVM Innoson Group of Companies and is a member of Manufacturer Association of Nigeria.
He also serves as a Chancellor at Imo State University, Owerri. Chukwuma who incidentally holds a honorary doctoral degree in Business Administration from the University of Nigeria, has won many awards including Auto Personality of the Year, Most Innovative Entrepreneur; Professor Barth Nnaji Prize for Technology at Igbo Awards, amongst many others.
For his years of excellent service to the nation, he was also conferred with the Order of the Federal Republic of Nigeria (OFR) by former President Muhammadu Buhari in 2023.
Chukwuma is married to Josephine and they are blessed with three lovely children.
Chukwuma is the Silverbird recipient of the Manufacturer of the Year Award.One of the high points of the Silverbird Awards was the display of two outstanding Innoson vehicles at the entrance to the venue: IVM Caris sedan, and IVM De Imperial pick-up.De Imperial pick-up is one of the newest additions to the fast growing Innoson vehicle line-up.
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Hyundai Unveils Mufasa, Grand Creta SUVs to Strengthen Nigeria Line-up (Updated)
Hyundai Unveils Mufasa, Grand Creta SUVs to Strengthen Nigeria Line-up (Updated)
Hyundai Motors Nigeria has expanded its sport utility vehicle (SUV) range with the introduction of the all-new Mufasa and Grand Creta, offering Nigerian motorists more choices in styling, performance, technology and passenger comfort.
The two models, unveiled in Lagos on Wednesday, are targeted at different customer segments, with the Mufasa designed for motorists seeking a stylish, five-seater SUV, while the Grand Creta offers a three-row, seven-seater configuration suited to larger families and customers requiring additional passenger space.
The launch underscores Hyundai’s efforts to strengthen its presence in Nigeria’s competitive automotive market, where demand for versatile vehicles that combine comfort, safety, performance and practicality continues to shape consumer preferences.
Speaking at the launch, Hyundai Motors Nigeria’s General Manager, Sales and Marketing, Mr Gaurav Vashisht, said the new models reflected the company’s commitment to providing vehicles that meet the changing needs of Nigerian customers.
“The SUV segment continues to attract strong interest in Nigeria, as customers increasingly prioritise comfort, safety, technology and versatility,” Vashisht said.
He also gave a rundown of the two new vehicles’ features even as he stated that the Mufasa and Grand Creta were designed to meet different lifestyle requirements while maintaining Hyundai’s global standards of quality and innovation.
Mufasa targets style-conscious motorists
The Hyundai Mufasa combines bold exterior styling with a spacious cabin and features designed for everyday driving. Its distinctive front grille, signature LED lighting and muscular bodywork give it a commanding road presence.
Power comes from a 2.0-litre Smartstream multipoint fuel injection (MPi) petrol engine paired with a six-speed automatic transmission. Depending on the market specification, the engine produces approximately 150–160 horsepower and 193Nm of torque.
The five-seater SUV measures about 4,475mm in length, with a 2,680mm wheelbase, providing room for passengers and luggage while retaining a practical footprint for urban driving and longer journeys.
Its cabin features a modern dashboard, digital displays and storage spaces, while available equipment, depending on the variant, includes touchscreen infotainment, smartphone connectivity, automatic climate control, wireless charging and selectable driving modes.
Safety and driver-support features include anti-lock braking, electronic stability control, airbags and parking assistance, subject to the vehicle specification.
The Mufasa is positioned as an option for professionals, younger motorists and families seeking a combination of contemporary design, technology and everyday usability.
Grand Creta offers seven-seat flexibility
The Grand Creta complements the Mufasa with a larger cabin and seating for up to seven occupants, making it suitable for families and motorists who prioritise passenger capacity and interior flexibility.
The SUV is powered by an available 2.0-litre Smartstream petrol engine producing approximately 159 horsepower and 191Nm of torque. A six-speed automatic transmission is offered on automatic variant.
Its 2,760mm wheelbase supports a spacious three-row layout, while the flexible seating arrangement allows occupants to adjust the cabin to accommodate passengers or luggage.
Depending on the trim, convenience features include an eight-inch touchscreen infotainment system with smartphone connectivity, rear air-conditioning vents, keyless entry, push-button start and a digital instrument cluster.
Higher-specification versions may also feature leather-appointed seats, ventilated front seats, automatic climate control, wireless charging and a panoramic sunroof.
Safety equipment offered across the range includes six airbags, anti-lock braking, electronic stability control, hill-start assist, rear parking sensors, a rear-view camera and ISOFIX child-seat mounting points.
The model is aimed particularly at larger families seeking additional space and comfort without sacrificing the styling and versatility associated with SUVs.
After-sales support in focus
Beyond the new models, Hyundai Motors Nigeria says it is focused on delivering a comprehensive ownership experience through its authorised dealership network, after-sales services and access to genuine spare parts.
Vashisht said the Mufasa would appeal to customers seeking bold styling, modern technology and dynamic performance, while the Grand Creta would cater to those requiring greater passenger capacity, comfort and versatility.
“Our objective is not simply to introduce new vehicles but to deliver a complete ownership experience,” he said, reaffirming the company’s commitment to building long-term customer confidence in the Hyundai brand.
The two additions expand Hyundai’s existing SUV portfolio, which includes the Creta, Tucson, Santa Fe and Palisade.
Their introduction comes as automakers compete to attract Nigerian buyers with vehicles offering a balance of comfort, safety, technology, performance and long-term ownership value.
With the Mufasa and Grand Creta, Hyundai is seeking to broaden its appeal across different customer categories while strengthening its position in Nigeria’s increasingly competitive SUV market.

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Happening now: Hyundai unveiling of Mufasa and Grand Creta
Happening now: Hyundai unveiling of Mufasa and Grand Creta (photos)

Two latest models of Hyundai auto brands are currently being officially rolled out in Lagos. The new vehicles are Mufasa and Grand Creta.
The unveiling is taking place at the Hyundai showroom on Akin Adesola Street Victoria Island, Lagos.


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No 5% Petrol Tax Plan, Oyedele Says, Amid Public Concerns
No 5% Petrol Tax Plan, Oyedele Says, Amid Public Concerns
The Federal Government has no plan to introduce a new tax on petrol, Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said, dismissing reports that the administration of President Bola Tinubu intends to impose a five per cent levy on petroleum products.
Oyedele clarified the issue in a statement posted on his X account on Tuesday, insisting that a fuel tax was not being considered by the government.
“In my interview with ARISE News, I was clear: a fuel tax is not on the table,” he said.
His statement follows reports linking him to the proposed five per cent tax, which sparked concerns about a possible increase in the cost of petrol amid Nigeria’s persistent cost-of-living crisis.
Petrol prices have remained a major driver of transportation and distribution costs since the removal of the fuel subsidy, contributing to higher prices of food and other essential goods and services.
The prospect of an additional levy had raised fears that households and businesses could face further financial pressure.
However, Oyedele’s clarification indicates that the Federal Government is not currently considering the proposed fuel tax, amid broader efforts to reform Nigeria’s tax system and strengthen public finances.
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