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Nigeria’s auto industry in limbo over policy delay – LCCI sectoral head
Nigeria’s auto industry in limbo over policy delay – LCCI sectoral head

Nigeria’s automotive industry is in limbo due to prolonged delay in enacting the required law to give investors the right direction.
Head of the Auto Sectoral Group of the Lagos Chamber of Commerce and Industry (LCCI), Mr. Kunle Jaiyesinmi, stated this, noting that the industry was being allowed to stagnate, making it difficult to galvanise the overall development of the Nigerian economy
Jaiyesinmi who is Deputy Managing Director of CFAO Motors, spoke in Lagos on the sidelines of the 2024 Nigeria Auto Industry Awards organised by the Nigeria Auto Journalists Association (NAJA).
He said, “For now, we are in limbo. We don’t know what is happening to the (auto industry) policy; whether it’s with the Executive or it has gone to the National Assembly. We don’t have information on the stage that the policy is. I think NADDC is coming up with a stakeholders’ meeting maybe they would give us a very detailed information on the policy.”
In his assessment of the performance of the business this year, he lamented that the macroeconomic challenges including the high exchange rates and inflation were adversely affecting vehicle salesmmm
He said, “2024 has provided a topsy-turvy ride looking at the state of the economy. The purchasing power has been so much eroded (due to) the depreciation of the naira (the exchange rate).
“Prices have risen to a level that most private consumers cannot really afford it (new car). You notice that the major corporates are really suffering. You can imagine how much they lost in terms of exchange rate.
“So that has really impacted the procurement of new vehicles… We have more of automobile maintenance service rather than new sales.
“If you look at the market figure, it has so much reduced compared to what we had been having when the exchange rate was around N450, N480. So it’s not been a very good year for automobile business.
Jaiyesinmi also spoke on the high interest, which is over 33%; as well the recently announced government-back N20 billion auto finance.
He said, “Automobile loan is a no-go area for consumers. It’s a bit tough now. Reliance is on government now and it’s not everybody that can do government business.
“We are just looking at 2025 to be a better year going by the appreciation of the naira in recent times. We are just praying that it can be sustained. If we are able to get that into the new year maybe vehicle prices would reduce and based on the government providing very good enabling environment for businesses to thrive.”
Speaking on the N20bn auto finance scheme by the credit corporation (CreditCorp), he said, “The N20bn scheme is even belated because when the Auto Policy started about 10 years ago, the 35 per cent tariff being charged on fully built vehicles, the understanding we had then was that part of it would go to the auto financing and the other part would go to automobile assemblers’ facility.
“In 10 years, nothing happened and we know how much has been collected by the Federal Government from that levy.
“So N20bn is a paltry amount and the scheme is coming up a bit late. Looking at the local assembling, how many assemblers are we really having in Nigeria? Those of us that started eight, nine years ago, almost all of us have really closed shop.”
He however expressed optimism that the new Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, would turn things around.
“I believe she should be able to drive this policy. She should try as much as possible to run away from the era of deceit. She should face reality and I believe as a realist, her tenure would portend a good tiding for the automobile business,” he said.
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Auto
Carloha Nigeria Unveils Nationwide 6-6-7 Rescue Service, Extends Free Roadside Assistance Beyond Chery Owners
Carloha Nigeria Unveils Nationwide 6-6-7 Rescue Service, Extends Free Roadside Assistance Beyond Chery Owners
Carloha Nigeria, the authorised distributor of Chery vehicles in Nigeria, has launched the CarlohaCare 6-6-7 Rescue Initiative, a nationwide emergency roadside assistance programme aimed at providing prompt and professional support to motorists stranded by vehicle breakdowns on highways and major roads across the country.
The 24-hour rescue service, which is available through a dedicated emergency hotline, reinforces the company’s commitment to enhancing vehicle ownership by ensuring that trained rescue professionals are on standby to respond to emergencies whenever they occur.
Motorists in need of assistance can reach the CarlohaCare Rescue Team by calling 07000 667 667, after which a professionally trained crew will be dispatched to provide support. While response times will depend on location and road accessibility, the company assured that every distress call will receive professional attention.
The rescue programme is the latest addition to Carloha Nigeria’s award-winning CarlohaCare 6-6-7 aftersales package, which earned the company the Most Outstanding Aftersales Car Company award at the Nigeria Auto Journalists Association (NAJA) Awards.
The package offers a six-year manufacturer’s warranty, six years of free scheduled maintenance and a seven-day repair promise. Under the repair guarantee, customers are provided with a courtesy vehicle if repairs extend beyond seven working days due to parts availability or other qualifying circumstances. The new rescue initiative now takes that commitment beyond the workshop to the roadside.
Speaking on the development, Carloha Nigeria’s After-sales Manager, Samson Akinbowale, said the initiative was designed to give motorists greater confidence by ensuring help is always within reach.
“Vehicle breakdowns can occur unexpectedly and often create stressful situations for motorists. With the CarlohaCare 6-6-7 Rescue Initiative, our customers can enjoy peace of mind knowing that a dedicated team of trained professionals is available around the clock to provide prompt assistance whenever they need it,” he said.
Akinbowale added that the programme also includes on-location maintenance support to minimise vehicle downtime for both individual motorists and fleet operators.
Also speaking, the company’s General Manager, Marketing, Felix Mahan, described the initiative as another milestone in Carloha Nigeria’s customer-focused strategy.
“The CarlohaCare 6-6-7 Rescue Initiative is an extension of our vision to provide a superior ownership experience and eliminate the worries that come with vehicle ownership. We want every Chery owner to know that help is always just a phone call away,” Mahan said.
In a move the company described as an industry first in Nigeria, Carloha Nigeria announced that, for a limited period, the free roadside rescue service will also be available to owners of non-Chery vehicles, subject to operational capacity. Chery owners, however, will continue to receive priority during periods of high demand.
According to Mahan, the decision reflects the company’s commitment to improving road safety and supporting the wider motoring community.
“We have the team, the trucks and the expertise. When our rescue fleet has spare capacity, it is our responsibility to deploy those resources to keep Nigeria’s roads moving, regardless of the vehicle brand. By extending this service beyond our customers, we are contributing to safer roads and setting a new benchmark for aftersales support in the Nigerian automotive industry,” he said.
Non-Chery motorists requiring assistance can call the same emergency hotline to confirm eligibility at the time of request. The company also advised motorists to follow its official social media platforms and website for updates on service availability and coverage areas.
Beyond emergency rescue and towing, the initiative provides on-location maintenance and technical support for individual motorists and fleet operators, where applicable. Carloha Nigeria said the service is expected to reduce workshop visits, minimise vehicle downtime and give motorists greater peace of mind on Nigerian roads.
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Auto
NADDC Eyes Media Alliance to Fast-Track Automotive Industry Growth
NADDC Eyes Media Alliance to Fast-Track Automotive Industry Growth
The National Automotive Design and Development Council (NADDC) has identified stronger collaboration with specialised motoring media as a strategic imperative for accelerating the growth of Nigeria’s automotive industry, saying sustained public awareness, investor confidence and policy support are crucial to transforming the country into a leading vehicle manufacturing hub in Africa.
The Council stated this while receiving the Motoring World Resilience in National Automotive Development Award during the 30th anniversary celebration of Motoring World magazine in Lagos.
The award recognises NADDC’s consistent commitment to promoting local vehicle manufacturing, skills development and industrial growth despite economic headwinds and policy challenges.
Receiving the award on behalf of the Director-General of NADDC, Otunba Oluwemimo Joseph Osanipin, the Director of the General Services Department, Mrs. Susan Bisong-Taiwo, reaffirmed the Council’s determination to position Nigeria as a leading automotive manufacturing and innovation hub in Africa.
In a keynote address delivered on behalf of the Director-General and titled “Motoring Media as a Catalyst for Automotive Industry Growth in Nigeria,” Osanipin said specialised motoring media remains indispensable to the country’s automotive industrialisation drive by promoting investment, shaping public perception and deepening understanding of emerging mobility technologies.
He noted that across the world, the media had played a strategic role in supporting local manufacturing, educating consumers, stimulating policy debates, attracting investment and strengthening confidence in the automotive industry.
“The media is the bridge between government, industry and the public. It informs. It educates. It influences perception. And, importantly, it drives national conversations,” he said.
According to him, the global automotive industry is witnessing unprecedented transformation driven by electric mobility, alternative fuels, smart manufacturing and green transportation technologies, adding that Nigeria must position itself to benefit from these emerging opportunities.
Osanipin disclosed that NADDC is implementing strategic programmes aimed at transforming Nigeria from a vehicle-consuming nation into a competitive automotive manufacturing and innovation centre. The initiatives, he said, include electric vehicle development, compressed natural gas (CNG) conversion programmes, local content promotion, automotive component manufacturing, skills acquisition and strategic partnerships across the industry.
He stressed that government policies alone cannot deliver the desired transformation, urging the motoring media to simplify automotive policies for public understanding, educate Nigerians on cleaner mobility solutions, encourage patronage of locally assembled vehicles and sustain constructive engagement among policymakers, investors, manufacturers and consumers.
The Director-General also underscored the importance of positive and balanced narratives in attracting investment to the sector.
“Where the narrative is dominated only by challenges and uncertainties, investor confidence weakens. But when the media responsibly highlights innovation, progress and opportunities, it inspires confidence and stimulates growth,” he said.
Osanipin commended Motoring World magazine for its resilience and invaluable contributions to automotive journalism, policy advocacy and industry development over the past 30 years, describing its longevity in Nigeria’s challenging media environment as a reflection of professionalism, relevance and dedication.
He maintained that stronger collaboration among government institutions, industry operators and specialised motoring media would become even more critical as Nigeria advances its automotive industrialisation and energy transition agenda.
Highlighting Nigeria’s prospects, he said the country has significant automotive potential arising from its large market, youthful population, growing technical capacity, increasing investor interest and abundant natural resources. He, however, stressed that policy consistency, infrastructure development and sustained stakeholder collaboration remain essential to unlocking the sector’s full potential.
“If government, industry and the media work together strategically, Nigeria can emerge as a major automotive hub on the African continent,” he said.
The Motoring World Resilience in National Automotive Development Award honours institutions and individuals that have demonstrated exceptional commitment and resilience in advancing Nigeria’s automotive industrialisation despite prevailing economic and policy challenges.
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Auto
Relief for Last-Mile Delivery Operators as TSS Motors launches Forland T5 light Trucks
Relief for Last-Mile Delivery Operators as TSS Motors launches Forland T5 light Trucks
Nigeria’s fast-growing logistics and distribution sector has received a major boost as Transit Support Services Ltd. (TSS Motors) unveiled the locally assembled Forland T5 light truck, a new range of mini trucks designed to slash the high operating costs that have long plagued last-mile delivery operators.
The company said the introduction of the Forland T5 series, assembled at its Enugu plant, is aimed at providing businesses with a durable, affordable and fuel-efficient solution for the most expensive stage of the supply chain—the final delivery to customers.
Although the last mile is typically the shortest leg of the distribution process, it remains the most complex and costly, accounting for a significant share of transportation and shipping expenses.
By leveraging local vehicle assembly, TSS said it is passing on substantial cost savings to logistics operators and businesses.

Speaking on the new product, TSS Senior Sales Executive, Miss Blessing Aluh, said the company developed the Forland T5 in response to the growing demand for practical and cost-effective delivery vehicles.
“Businesses have long been searching for a practical solution to the high cost of last-mile deliveries. With our Forland T5, that much-awaited solution has finally arrived in Nigeria.
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“TSS has come to the rescue with a truck specially adapted for last-mile delivery because of its low maintenance cost. It is guaranteed to reduce operating expenses and make deliveries more efficient,” she said.
According to Aluh, the T5 is built by Forland, the specialised light truck division of Foton, and manufactured to high international quality standards.
The truck is powered by an 82-kilowatt DAM 15R petrol engine noted for its fuel efficiency and low emissions.
It is offered in both box-body and cabin-and-chassis configurations, giving businesses the flexibility to choose a model that best suits their operations.
Aluh explained that the cabin-and-chassis version would enable customers to fit a wide range of specialised bodies, including flatbeds, enclosed box bodies, drop-side bodies, refrigerated vans, mobile clinics and mobile vending units for food, snacks and beverages.
The air-conditioned cabin comfortably seats the driver and a salesperson, while the vehicle comes with a manual transmission and hydraulic braking system.
To meet varying operational needs, TSS is offering the Forland T5 in 1.5-tonne and 2-tonne payload variants, alongside a 2.5-tonne dual-fuel CNG/petrol version.
Like other Forland vehicles marketed by the company, the T5 is backed by nationwide after-sales support, including a one-year or 100,000-kilometre warranty.
TSS said local assembly has also made the vehicle more affordable, with the flatbed version priced at less than ₦16 million.
Aluh noted that customers have the option of buying the flatbed model and building a customised body elsewhere or purchasing a factory-fitted box-body version directly from the company.
“What this means is that you can build your box body elsewhere or customise it the way you need it. But we also supply box bodies,” she said.

She added that TSS can also facilitate bank financing for qualified buyers, enabling customers to spread payment for the vehicles over an agreed period.
Relief for Last-Mile Delivery Operators as TSS Motors launches Forland T5 light Trucks
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