FG woos vehicle assemblers with 10-year tax relief   - Newstrends
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FG woos vehicle assemblers with 10-year tax relief  

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FG woos vehicle assemblers with 10-year tax relief  

Director General of the National Automotive Design and Development Council (NADDC), Mr Jelani Aliyu, has said local vehicle assemblers and manufacturers of automotive components and products will now enjoy a tax relief of between five and 10 years.

This, he said, was part of the incentives included in the recently approved revised Nigeria automotive policy.

The DG disclosed this in a paper presented on Tuesday at the West Africa Automotive Show (WAAS) in Lagos.

According to the DG, represented at the event by a deputy director of the council, Segun Omisore,

while assemblers in the conventional combustion engine vehicles will get five-year tax relief, electric automobile and component makers will enjoy 10 years.

Jelani said, “The policy promotes investment in the auto sector and fiscal incentives which includes additional tax relief for five years for assemblers or manufacturers of automotive components and products; 10 years for assemblers/manufacturers of electric vehicles and components used in electric vehicles and many other incentives provided.”

He also noted that the new policy would position Nigeria’s automotive ecosystem as a leading centre for automotive production in Africa.

He said the approved policy document would run from 2023 to 2033.

Jelani gave some of the objectives of the policy as providing a legal framework for the development of a competitive and sustainable automotive industry in Nigeria; creating an environment that allows existing assembly plants to survive, grow and attract other original equipment manufacturers, and local content suppliers and facilitating the transfer of technical know-how and technological skills for the development of the automotive industry.

The NADDC boss assured that on the part of the council as a regulatory agency of the auto industry, “We will continue to support all our stakeholders in the development of the industry by providing the necessary policy framework and the investment promotion incentives to support the industry”

He said the new policy”provides policy direction and investment promotion incentives for the first time to electric and gas-powered vehicles development in Nigeria.”

Acknowledging that there are challenges being faced by industry players, like influx of low grade used vehicles through our borders, the depreciation of naira value/scarcity of foreign exchange and the absence of dedicated automotive funds by the financial institutions in Nigeria to provide low interest vehicle finance scheme for market development, Jelani expressed optimism about the future of the industry.

He commended the organisers of the event, BtoB Events, assuring them of the council’s support.

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Jetour Nigeria consolidates as sole authorised distributor, gets global market award

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Jetour Nigeria consolidates as sole authorised distributor, gets global market award

Jetour Nigeria has consolidated its position as the exclusive representative of the Jetour brand in the country following its 2022 appointment by Jetour International.

The company said the move to clarify its exclusive status came after its successful hosting of the “Jetour Experience” in Lagos, where it unveiled its nationwide dealership structure and addressed lingering market ambiguity over distribution rights.

Since securing the mandate in 2022, Jetour Nigeria has led the importation, distribution, and provision of manufacturer-backed after-sales services for the brand’s full vehicle range in the country.

Its growing influence recently earned global recognition at the 2026 Jetour Global Conference, where the firm received the “Market Share Leadership Award 2025,” underscoring its dominance in the African market.

To strengthen nationwide service delivery, the company operates through a network of seven authorised dealers — Elizade Nigeria Limited, New Era Autovehicle Services Limited, Kojo Motors, Germaine Auto Centre, R.T. Briscoe Plc, TAB Autos Limited, and Mandilas Motors.

These partners, according to the company, are the only entities authorised to sell and service Jetour vehicles in Nigeria.

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At the four-day exhibition held at the Podium Events Centre, the dealers provided product information and customer engagement services, reinforcing what the company described as a unified and regulated distribution ecosystem.

“The ‘Jetour Experience’ was more than a celebration; it was a statement of clarity,” noted a representative of Jetour Nigeria. “By bringing our seven authorized dealers together under one roof, we have shown the public exactly where the Jetour brand lives.

“Since our 2022 appointment, we have invested heavily in a structure that guarantees customers genuine parts, expert technicians, and valid warranties—benefits, only available through our official channels.”

The company also received a boost from the visit of Anguo Yuan, Vice President of Jetour International, who commended the Nigerian team for its rapid expansion and infrastructure investment.

Industry recognition has followed the brand’s growth, with awards including the Nigeria Auto Journalists Association’s New Entrant of the Year, Fastest Growing Auto Brand, and Car of the Year for the Jetour Dashing.

Jetour Nigeria said its current lineup — including the rugged T2, plug-in hybrid models, and the flagship G700 — reflects its commitment to innovation and market leadership.

It advised customers to engage only its authorised dealer network to guarantee access to genuine parts, certified service, and full manufacturer warranty coverage.

 

Jetour Nigeria consolidates as sole authorised distributor, gets global market award

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Soueast Enters Nigeria with Robust SUV Portfolio, Sets Sights on Q3 Local Assembly

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Soueast Enters Nigeria with Robust SUV Portfolio, Sets Sights on Q3 Local Assembly

Nigeria’s automotive landscape witnessed a significant shift on Wednesday as Soueast formally entered the Nigerian market, courtesy of the Kewalram Chanrai Group. The entry was marked by a media launch followed by a test drive of its full range of SUVs along the scenic Coastal Highway in Lagos, signalling a fresh wave of competition in the fast-evolving mobility space.

The high-profile event brought together dealerships, media, and auto enthusiasts, offering first-hand experience of the brand’s capabilities in real driving conditions.

Speaking at the launch, Chief Operating Officer, Mobility Division of Kewalram Chanrai Group, Mr. Anil Sahgal, described the move as a strategic response to changing consumer expectations in Nigeria.

“For over 165 years, Kewalram Chanrai Group’s reputation has been built on trust delivered through consistency,” he said. “Our decision to bring Soueast into Nigeria is deliberate. Today’s Nigerian customer is more informed and focused on long-term value. There is a growing demand for vehicles that combine modern design, safety, technology, durability, and affordability — and Soueast fits precisely into this space.”

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The COO emphasized that the company is not merely introducing a new brand but backing it with robust infrastructure, including a structured dealership network, strong after-sales systems, skilled technical teams, and a long-term investment approach.

He noted that the SUVs unveiled had been engineered with Nigerian realities in mind, addressing road conditions, fuel efficiency concerns, durability needs, and total cost of ownership.

“This is not just a product launch; it is the beginning of a long-term commitment to a market that demands resilience, value, and consistency,” he added. “Our vehicles are built on three pillars — product integrity, adaptability, and value sustainability.”

Sahgal also disclosed plans to commence local assembly of the vehicles by the third quarter of 2026, underscoring the group’s long-term commitment to the Nigerian market.

The highlight of the event was the test drive session along the Coastal Road, where participants assessed the performance, comfort, and handling of the Soueast range under real traffic and road conditions — a move widely seen as a confidence-building step by the company.

Soueast Enters Nigeria with Robust SUV Portfolio, Sets Sights on Q3 Local Assembly

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CFAO Mobility Open Day to offer special deals on new vehicles, parts, diagnostics

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CFAO Mobility Open Day to offer special deals on new vehicles, parts, diagnostics

 

CFAO Mobility has announced plans to host the 2026 edition of its flagship CFAO Mobility Open Day, aimed at showcasing a wide range of innovative mobility solutions.

In a statement, the company said the event would take place on Thursday, April 30, 2026, at Harbour Point, Victoria Island, Lagos, from 9am to 6pm.

The Open Day is expected to bring together leading global automotive and equipment brands in a dynamic exhibition tailored to meet diverse mobility needs.

Participating brands are Toyota, BYD, Mitsubishi, Suzuki, Fuso, JCB, Howo, Sino Equipment, King Long, TechKing Tyres, Yamaha, Winpart and Auto Fast.

According to CFAO Mobility, attendees will experience an extensive display of products and services, ranging from brand-new vehicles and motorcycles to outboard engines, fleet management solutions, spare parts and aftermarket services.

The event, which is free and open to the public, will also feature test drives, professional vehicle diagnostics and exclusive spare-parts deals, offering participants a hands-on and engaging experience.

The company urged car enthusiasts, business owners and prospective buyers to take advantage of the Open Day to explore mobility solutions tailored to their personal and business needs.

With over 120 years of presence in Nigeria, CFAO Mobility remains a key player in the mobility and healthcare sectors.

It added that the Open Day reflects its continued commitment to delivering innovative, customer-focused mobility solutions.

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