Nigeria controls auto part business in W'Africa, says BKG at Lagos Auto Fair – Newstrends
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Nigeria controls auto part business in W’Africa, says BKG at Lagos Auto Fair



Nigeria controls auto part business in W’Africa, says BKG at Lagos Auto Fair


As the ongoing Lagos Motor Fair bubbles, Managing Director of BKG Exhibition Limited, Mr Ifeanyi Agwu, says Nigerians are in firm control of automobile spare parts business in West Africa.

He spoke on Wednesday at a four-day Lagos Motor Fair holding in Victoria Island, where Nigeria-based and foreign automakers, motorcycle and component manufacturers from Asian countries, among others, are displaying their products.

Agwu said, “Nigerians are controlling auto part business in West Africa. It’s Nigerians you will see mostly engaged in the auto spare part business in countries in this region.

“That is why you see makers of auto components from Asian countries including China flooding the Lagos Motor Fair. They see a big market here.”

The BKG boss said the auto fair had brought big business for Lagos and Nigeria.

He said, “Foreign exhibitors have taken over most of the hotels on the Lagos Island where the Lagos Motor Fair is taking place.

“This is just one of the business activities the fair is offering Nigerians outside the auto industry.

“You can partner with them to produce auto parts here; you can also be their agents in specific components in Nigeria.”

He also spoke on the importance of auto sector towards the development of the economy.

“Business is generally slow in Nigeria but people have not abandoned their cars. What is sustaining the industry is after-sale support through quality spare parts.”

He described Nigeria as important country in Africa to foreign investors especially the auto industry.

“Our target is to have major visitors across the globe coming to Nigeria for the auto show,” he stated.

Agwu also spoke on the compressed natural gas-powered automobiles being propagated by the Federal Government. According to him, the initiative is cost-effective and friendly to the environment.

“The CNG initiative is one of the best policies by this government. But government alone cannot promote it. It’s private sector events like this (auto fair) that can help.

“The CNG makes the engine run well. People are losing so much by not embracing the CNG yet,” he said.


CFAO Nigeria thrills, unveils all-new 2024 Toyota Land Cruiser Prado



CFAO Nigeria thrills, unveils all-new 2024 Toyota Land Cruiser Prado

Toyota by CFAO has officially launched the All-New 2024 Toyota Land Cruiser Prado Sports Utility Vehicle (SUV) into the Nigerian market.

Toyota by CFAO, an authorised distributor of all Toyota vehicle models in Nigeria, rolled the latest great SUV, in Lagos, marking the first anniversary of the company in Nigeria.

The unveiling held Friday July 19 at auto firm’s magnificent showroom on Adeola Odeku Street, Victoria Island, Lagos, was witnessed by top public and private sector stakeholders.

The All-New Toyota Land Cruiser Prado, renowned for its on-road and off-road capabilities, is one of the best-selling Toyota models in the world, with over 11.3 million units sold in more than 170 countries.

Managing Director of CFAO Mobility Nigeria, Mr. Denis Martin, said at the unveiling, “The Land Cruiser Prado represents more than just a vehicle; it’s a testament to Toyota’s enduring legacy and our vision for the future.

“As we honor our roots, we’re also pushing boundaries, much like the Prado itself—equally at home on city streets and rugged terrains.”

Martin added, “Today, we also celebrate a significant milestone—Toyota by CFAO’s first anniversary. It’s been a year of growth, learning, and creating strong partnerships with all stakeholders.

“I want to express my deepest gratitude to our customers for your trust, which motivates us, and our partners, for your crucial collaboration in our success. “Moving forward, we are committed to continuous improvement for our standard of excellence, both in the vehicles we offer and the service we provide.

“As we enter our second year, we are excited about the opportunities ahead to further enhance your driving experience and strengthen our bond with the community.”

Providing insight into the new vehicle, the Managing Director of Toyota by CFAO, Mr. Boye Ajayi, said, “Today, we unveil not just one, but two extraordinary editions of the Land Cruiser Prado—the Limited Edition, also known as the First Edition, and the Adventure Edition.

“The theme of our event, ‘Back to the Roots,’ perfectly encapsulates the essence of what we are celebrating here today. The Limited Edition, with only 2,000 units produced worldwide, takes us back to our roots, commemorating the inception of the Toyota Land Cruiser Prado.

“It symbolises exclusivity, history, and an unwavering commitment to delivering excellence.

“Each unit is a testament to Toyota’s dedication to crafting vehicles that stand the test of time while pushing the boundaries of innovation.”

He also said, “These vehicles represent the pinnacle of luxury, performance, and versatility.

“With the new 8-Speed Automatic Transmission, T24A-FTS turbo-charged powerful gasoline (petrol) engine, the Land Cruiser Prado delivers an exhilarating driving experience, combining power and efficiency in perfect harmony.

“Its robust design, advanced technology, and off-road capabilities ensure that every journey is an adventure to remember.”

The brand partner, Mai Atafo, was on hand to provide further details about the vehicle, which captivated the invited guests and became the center of attention.

Among the notable features of the vehicle, which is already available in all Toyota by CFAO outlets in Nigeria, is the Electric Power System (EPS)—the first in the Land Cruiser family—that facilitates improved maneuverability. Additionally, the new Stabilizer Disconnect Mechanism anti-roll bar system significantly enhances the vehicle’s off-road capabilities while guaranteeing outstanding comfort.

The firm adds that its website, provides further information about the vehicle’s features.

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FG/NURTW CNG initiative; Govt promises 30,000 conversion kits at Lagos launch



From left Alhaji Najeem Usman Yasin; Comrade Kayode Agbeyangi, the Acting General Secretary and Alhaji Adekunle Mustapha (Sego)

FG/NURTW CNG initiative; Govt promises 30,000 conversion kits at Lagos launch

A total of 30,000 Compressed Natural Gas conversion kits will be distributed to commercial vehicle owners/drivers within 90 days, Chief Executive Officer/Programme Director, Presidential CNG Initiative, Mr Michael Oluwagbemi, has said.

He disclosed this at the Park-to-Park CNG Conversion Mobilisation held in Lagos on Saturday.

He added that the CNG initiative was to ensure that commercial drivers would benefit from the palliative measure for transporters.

“We have been across over 14 states. We have been to Ilorin, Ekiti, Lokoja, Aba and Port Harcourt. We have been to the South-East even to the North.

“We are confident we have built a national movement for this conversion.

“What we now need is action, and that is why we are here today. We are acting on what Mr President has said –  to roll out and roll out fast.

“We are here to put to action, our talk in the past six months. This is the time for Nigeria to use the gas.

“Nigeria should believe in this project, there might be some challenges but we should believe in it.

“This is our country. So, we need to support this programme; support Mr President. Don’t be negative, we should be positive in this,” he said.

Oluwagbemi stressed the CNG was cheaper, cleaner, safer and more reliable, adding that it had 40 per cent less steel emission and 90 per cent less pollutant in the air.

“Definitely, there is an advantage to use CNG for the environment. We are already flaring gas. What we are saying is that instead of flaring gas, we use it for the growth of the economy,” he said.

The Lagos State Government was represented by Hon. Sola Giwa, Senior Special Assistant to the Governor on Transportation.

He commended the FG and NURTW partnership on the initiative and for choosing Lagos as the launch site.

A former Lagos State Commissioner for Transportation, Dr Kayode Opeifa, said the provision of conversion kits by the Federal Government was in keeping to its promise of easing the effects of fuel price increase for transporters.

He said 150 beneficiaries would collect voucher for conversion which they would take to any approved installation centre.

He added that they would refill gas at N250 per kilogramme.

“This will, in turn, increase pocket savings, reduce transport fare and prices of commodities,” he said.

Speaking at the event, Alhaji Najeem Usman Yasin, Chairman of the Board of Trustees (BOT) of NURTW, commended President Bola Tinubu for initiating the project.

He said the project, once fully functional, would significantly reduce transportation costs for the citizens.

Mr Najeem Yasin, a former National President, Nigerian Union of Road Transport Workers (NURTW), said that the initiative would positively affect the lives of transporters in the country.

“Today, we are here to launch the programme officially. We started in Kaduna, and today, we are here, in Lagos.

“We appreciate the President of Nigeria for trying to assist transport workers throughout the nation.

“With the CNG, prices of commercial vehicles should come down, and this will affect all sectors of the economy,” he said.

He said that NURTW was involved in the project to make sure it would go round.

“The whole 36 states would get this free conversion kits, and we assure Mr President that the aim would be actuslised,” he said.

Yasin assured that the Federal Government and NURTW would work tirelessly to ensure the successful implementation of this project.

He noted that with this launch, Nigeria had joined the ranks of nations leading the charge in sustainable energy solutions.

Other dignitaries in attendance are Alhaji Aliyu Issa Ore, Acting President of NURTW; Alhaji Tajudeen Agbede, Chairman of the defunct National Caretaker Committee; Alhaji Akeem Adeosun, Ogun State Chairman; Alhaji Musiliu Akinsanya, Zonal Chairman of the South West Zone; and Alhaji Adekunle Mustapha (Sego).

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Winning Chery Tiggo 2 Pro a dream come true, says Carloha/ILOTBET winner



Winning Chery Tiggo 2 Pro a dream come true, says Carloha/ILOTBET winner


Mr. Samuel Nneke, a football fan and enthusiastic participant in a recent Carloha/ILOTBET predict and win promo, has received a brand new Chery Tiggo 2 Pro, a car known for its modern design, advanced technology, and exceptional performance.
He was presented with the car as the winner of the grand prize in the predict and win competition.
The prize-giving event held on Thursday at the Carloha Nigeria showroom in Lagos, was a celebration of sportsmanship, innovation, and the collaboration between Chery Nigeria and ILOTBET.
Nneke, obviously elated, expressed his gratitude to both Carloha Nigeria and ILOTBET for the precious car gift and the unforgettable experience.
He said, “Winning the Chery Tiggo 2 Pro is a dream come true, and I am incredibly thankful to Chery and ILOTBET for this amazing opportunity.”
Carloha Nigeria, esteemed importer and franchise holder of Chery vehicles in Nigeria, and ILOTBET, a leading sports betting platform, had partnered in the predict and win promo during the recently concluded EURO 2024 Championship.
Apart from the overall winner, a number of other participants also received fabulous consolation prizes at the ceremony.
Speaking at the event, the Sales and Marketing Director of Carloha Nigeria, Joseph Omokhapue, expressed his delight at the successful partnership with ILOTBET and the enthusiastic response from participants.
“We are thrilled to see the excitement this promo has generated among football fans in Nigeria.
“The Chery Tiggo 2 Pro symbolises our commitment to quality and innovation, and we are proud to partner with ILOTBET on the promo.”
Senior Manager of ILOTBET, Mr. Stephen Ogundipe, highlighted the importance of rewarding loyal customers and fostering a sense of community.
He said, “During the tournament, we offered free predictions, which saw many of our users sharing a prize pool for their correct predictions. “Additionally, our betting rebate incentive led to the winning of Tiggo 2 Pro, proudly sponsored by Chery. I want to say a big congratulations to the winner.”.
After the handover of the keys to Nneke, there was a test drive of the Chery Tiggo 2 Pro.
Also all guests were treated to refreshments and entertainment to make it a memorable occasion.
Carloha described noted, “The event exemplifies the spirit of sportsmanship and the excitement of football, bringing our community closer together, and both Chery and ILOTBET are looking up to fruitful collaborations in the future.”

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