AutoTrends: Nord Automobiles plans big mobility solutions, clinches Next Bull award

Nord Automobiles Limited has won the Next Bull award of the Nigerian Exchange and Businessday, as investors chose the indigenous auto firm as a good place they would like to invest out of 150 companies.

Chief Executive Officer, Nord Automobiles Limited, Oluwatobi Ajayi, says he is excited about the award, especially given that 150 companies were considered for the honour.

The award is coming after AMBA Entrepreneur Company of the Year honour bestowed on the auto firm recently. AMBA, which stands for Association of MBA – Master of Business Administration, is conferred by top world’s business schools.

“I am very honoured and appreciate the organizers and all those who voted for us affirming that Nord Automobile Limited as a company that is doing very well and the future of this country,” the Nord CEO.

He said the company was also found worthy by the organisers, acknowledging that it had been growing steadily, attracting positive interests from company watchers and that it could grow the value of shareholders.

“They also selected Nord Automobiles for its brand authenticity, growth trajectory, market dominance and most importantly offering proudly Nigeria-valued products.”

Speaking on his plans, said Nord Automobiles was already building a formidable company that would solve a lot of Nigeria’s mobility problems.

He said, “Our target is to provide Nigeria with durable, affordable and elegant vehicles that we can be proud of; we are going to innovate, provide artificial intelligence in our vehicles.

“This award is a pat on the back that will provide us the needed push to be more innovative, value-driven and excellent.”

The Nord boss also spoke about going public and the benefits of companies being quoted on the stock exchange, saying, “In the long term, for any company that wants to live long beyond one generation and longer than its founders, going public is the right way. It will ensure that you are going to do things a lot better and take things more seriously. It’s something we are looking at.”

He named some of the customers of the auto firm as the Nigeria Police, Lagos State Government, Nigeria Centre for Disease Control, Sterling Bank, top real estate firms, transport companies and schools.