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Lanre Shittu seeks speedy enactment of auto development law
Lanre Shittu seeks speedy enactment of auto development law
Managing Director and Chief Executive Officer of Lanre Shittu Motors (LSM), Taiwo Shittu, has urged the federal government to speed up the process of enacting automotive development law.
This, he said, was necessary, to provide the legal backing for investments in the industry capable of transforming the nation’s economy.
Shittu made the appeal when the Senate Committee on Industry paid a working visit to LSM Automobile Assembly Plant in Lagos.
The visitors inspected the LSM assembly plant, locally assembled trucks and CNG buses as well as the new CNG conversion centre accredited by the Pi-CNG.
He stated that there are many young people who strongly believe in Nigeria and are willing to invest in the country.
According to him, those already investing in the country are cautious, waiting for the enabling environment and laws to protect and guide their investments.
Shittu said, ‘’I am very delighted to hear very recently President Bola Ahmed Tinubu renewing his administration’s determination to revive the auto industry.”
He called on the National Assembly to speed up the passage of the Nigeria auto industry development plan bill for the President to sign it into law.
The LSM boss commended the bold efforts of the executive and the legislative arms, adding that the eventual enactment of the law would guarantee the best quality products and generate more employment opportunities for Nigerians.
He disclosed that LSM have a staff strength of 418 with two expatriates, adding that the auto assembler is ready to do more.
Shittu also informed the visiting Senate Committee members about the LSM training scheme to cater for students who could not go further in their studies but have interest in automobile.
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‘’Once we find that interest in such persons, we will start paying them immediately after the training programme. Just like ‘Esusu’; we pay them for them to come to work. After four or five years, we get them jobs from major LSM customers.
‘’Once we have finished training them, we pass them over to fleet operators of LSM trucks. We dictate their salaries, other entitlements with good conditions of service.
“I can tell you that today, some of these peope are managers on their own with fleet. And these are people that ordinarily would have been roaming the streets. But today, with our technical support and their personal interest, we are able to take them out of the street by giving them a lifeline.”
The managing director promised that a new LSM four-line assembly plant for the production of windscreen and glasses, batteries, fibers and other components as well as the CNG conversion centre located in Ogun State would be commissioned before the end of 2025.
Also speaking, Senator Samson Ekong commended Taiwo Shittu for keeping and sustaining the dream and the legacy left behind by the late Lanre Shittu, the founding chairman of LSM.
He said, ‘’What you have done at LSM should throw a larger challenge to other Nigerians, especially our youths. They should not go to sleep and rely on their father’s wealth alone. They should aim at doing better.
“Our visit is timely, coming at a time, when there is a refocusing in the automobile sector. I just want us to share the dream among other Africans and I am sure your father will be very happy with what is going on at LSM after his death.”
Senator Victor Umeh, on his part advised Taiwo Shittu and the LSM management to spell out out those incentives required by the company to grow the business and feed other markets within West Africa after meeting the demand of the local market.
‘’It is a very good dream which we would like to share with you. We would like to have a brief of the type of incentives needed; the challenges you face within the automotive industry and the type of legislation that you want us to look into,” he said.
Lanre Shittu seeks speedy enactment of auto development law
Auto
CFAO Mobility Open Day to offer special deals on new vehicles, parts, diagnostics
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.
Auto
Jetour set to ignite Lagos with four-day automotive experience
Jetour set to ignite Lagos with four-day automotive experience
Lovers of sophisticated and elegant SUVs in Lagos are about to witness a combination of automotive engineering and urban lifestyle as Jetour Nigeria announces the hosting of a flagship event, “The Jetour Experience,” a four-day immersive festival designed to redefine how Nigerians interact with the road.
From April 16 to 19, 2026, The Podium in Lekki, Lagos, will be transformed into a high-energy hub where sleek design meets high-octane entertainment. This is not just a standard car show; it’s a curated lifestyle destination, says the organisers in a statement.
The four-day event is said to promise a fusion of horsepower, high fashion, and plenty of fun.
Tagged “The Jetour Experience,” the four-day extravaganza is not just about gleaming chrome and leather seats; it is a high-octane celebration aimed at blurring the lines between mobility and entertainment.
Specifically, it stated that the exhibition would feature test drives, virtual reality gaming, fitness sessions, and interactive activities with branded giveaways.
The statement added that the arena would buzz with entertainment, including contests and interactive games, giving guests the chance to win exclusive branded gifts and prizes.
In a massive show of force, Jetour says it is partnering with its seven prestigious accredited dealers—Elizade Nigeria Limited, New Era Autovehicle Services Limited, Kojo Motors, R.T. Briscoe, Tab Autos Limited, Mandilas Motors, and Germaine Auto Centre —to bring their full fleet to the public.
Whether you are an eco-conscious commuter or an off-road adventurer, the lineup has something for everyone, according to a statement by the Jetour Nigeria.
The Urban Explorers: X50 and X70
The Sophisticates: X70 Plus and X90 Plus
The Eco-Warriors: X70 PHEV and T2 PHEV (Plug-in Hybrids)
The Icons: The rugged T2 and the razor-sharp Dashing
Jetour is blurring the lines between mobility and entertainment. Running daily from 9:00 am to 7:00 pm, the event promises a packed itinerary designed to keep the adrenaline pumping.
Visitors will also push limits during test drives, explore virtual reality (VR) gaming such as foosball, and take part in curated fitness sessions.
In a creative masterstroke, the grand finale will feature a car runway fashion show. Attendees can expect a visual feast where automotive engineering meets sartorial elegance, reinforcing the idea that a Jetour is not just a vehicle but a fashion statement.
The firm stated, “Beyond the glitz, the event maintains a strong focus on safety. A dedicated panel discussion featuring stakeholders and officials from the Federal Road Safety Corps (FRSC) will explore road safety, tech-driven security, and the future of motoring in Nigeria.
“With its blend of adrenaline, artistry, and advocacy, Jetour Nigeria isn’t just hosting an event; it is creating a destination.”
Auto
Soaring Fuel Prices Drive Nigerians Toward Electric Vehicles
Soaring Fuel Prices Drive Nigerians Toward Electric Vehicles
Rising fuel prices in Nigeria are accelerating interest in electric vehicles (EVs) as households, transport operators, and businesses seek cost-effective alternatives to petrol- and diesel-powered cars. Experts say the spike in petrol costs is no longer just an economic concern but a turning point, pushing electric mobility from a futuristic idea into a practical solution for everyday commuting and commercial use.
At the Abuja Compact on Electric Mobility Roundtable, stakeholders highlighted how increasing transport expenses are reshaping decisions, especially among commercial drivers and small business owners. Rising fuel costs are prompting many Nigerians to see EVs as a survival strategy rather than a luxury option.
Chairman of the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG & EV), Ismaeel Ahmed, explained that the removal of fuel subsidies has widened the cost gap between petrol-powered vehicles and EVs. Charging an EV for a 200-kilometre journey costs around ₦4,500, compared to roughly ₦22,500 for petrol vehicles — a difference that offers a “strong economic incentive” influencing consumer choices. Ahmed added that the federal government is pursuing a balanced transition strategy supporting both compressed natural gas (CNG) and electric vehicles to encourage sustainable energy alternatives.
Financial solutions are helping Nigerians overcome the high upfront costs of EVs. Mohammed Abdul, Divisional Head at Alternative Bank, noted that lease-to-own, pay-as-you-go, and partnership schemes are making EVs accessible to drivers in the informal transport sector. These financing models allow gradual adoption while easing financial burdens.
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Industry leaders also see wider economic benefits from EV adoption. Yusuf Suleiman, CEO of Bankrol Camel EV and Blue Camel Energy Ltd, said EV investments could improve energy access, boost industrial growth, and reduce Nigeria’s reliance on imported fossil fuels. Ahmed Garba Ahmed, COO of Bankrol Camel EV, added that EVs can cut energy costs per kilometre by up to 60%, benefiting ride-hailing drivers, logistics companies, and fleet operators.
Dapo Adesina, President of the Electric Mobility Promoters Association of Nigeria (EMPAN), explained that EV adoption can strengthen Nigeria’s power sector. Solar-powered charging hubs can simultaneously power vehicles and supply electricity to nearby communities, particularly in underserved areas. Private sector initiatives are also supporting Nigeria’s EV transition. Companies like SolarCity Gas are deploying superfast EV charging stations across key urban hubs and petrol stations, expanding the country’s charging infrastructure to meet growing demand.
Despite growing adoption, electric mobility in Nigeria faces challenges such as limited electricity infrastructure and inconsistent power supply. Analysts warn that significant investments in charging networks and supportive policies are necessary for sustainable EV growth. Nevertheless, with fuel prices remaining high, EVs are increasingly viewed as economically smart and environmentally friendly alternatives, offering Nigerians a viable solution to rising transport costs.
Soaring Fuel Prices Drive Nigerians Toward Electric Vehicles
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