Stakeholders brainstorm on auto policy, seek legal backing for reviewed NAIDP - Newstrends
Connect with us

Auto

Stakeholders brainstorm on auto policy, seek legal backing for reviewed NAIDP

Published

on

Stakeholders brainstorm on auto policy, seek legal backing for reviewed NAIDP

 

Automotive experts and other major stakeholders have called for accelerated work on the ongoing legislative framework for the updated National Automotive Industry Development Plan.

They spoke in Lagos on Wednesday at an interactive forum organised by the National Automotive Design and Development Council (NADDC).

The experts including representatives of the KPMG and the African Continental Free Trade Area (AfCFTA) and automakers lamented that the prolonged delay in the enactment of the auto industry act was holding back the development of the nation’s automotive sector.

The 2023 NAIDP approved by the Federal Executive Council in May is aimed at enabling the exponential increase in the local production vehicles, reaching 40 per cent local content, 30 per cent locally produced electric vehicles, generating one million jobs and enforcing patronage of locally produced vehicles by government and companies working on government contracts.

Mr Ogoegbunam Chukwurah, Lead Export Market Development, National Action Committee on AfCFTA, gave a lecture on the benefits creating a single market in Africa would have for Nigeria’s auto sector.

He dwelt on how Nigerian auto players could take advantage of opportunities offered by AfCFTA to play on the global auto business stage.

Advisory Manager at KPMG Tobi David spoke on the various components of the NAIDP 2023 and was optimistic about Nigeria becoming a West African hub in the automotive industry.

A former acting DG of NADDC Luqman Mamudu focused on the challenges of implementing the policy and the way forward.

The auto experts and others agreed on the need to waste no further time in making the auto industry law a reality.

They also recommended the setting up of an working committee for the 2023 NAIDP implementation with a project management office and a two-yearly review of the progress being made.

Speaking via zoom, Minister of Industry Trade and Investment, Dr. Doris Uzoka-Anite, said, “The auto industry is key to achieving economic diversification. And this is in line with the mandate of the ministry to ensure full diversification and full industrialisation of the economy.”

To facilitate market access and market expansion, she assured of engagement with different economic players to ease the difficulties in doing business and allow local manufacturers to participate in AfCFTA to export their products.

Director General of the NADDC, Mr Joseph Osanipin, in his welcome address, stated that the NAIDP is a critical pillar of the government’s efforts to transform the automotive sector and position it as a key driver of economic growth and job creation.

He said, “The plan is designed to address the key challenges facing the sector such as low production level, insufficient local content and limited access to financing.”

Osanipin maintained that the NAIDP 2023 is a comprehensive and ambitious plan that seeks to align local policies with AfCFTA in such a manner that would allow the industry to compete favourably on the continental and eventually global level.

He said the policy would ensure sustainability and environmental responsibility as it offers incentives in the area of the CNG and electric-powered vehicles.

Chairman of Nigerian Automobile Manufacturers Association (NAMA), Mr. Bawo Omagbitse, expressed the group’s appreciation to the NADDC for putting up the forum.

He stressed the eagerness of NAMA to work closely with the NADDC and other relevant authorities for proper implementation of the auto policy, adding that NAMA would develop internal guidance system to ensure that members operate in accordance with the rules and regulations provided in the NAIDP document.

Other participants at the meeting included representatives from Motorcycle Manufacturers Association of Nigeria (MOMAN), GM Motors, Anammco, Innoson Vehicle Manufacturing ltd, Proforce, JET Motors, Mikano Motors, Nord Motors, Stallion, Perfection Motors, Toyota Nig. Ltd, Honda, CIG Motors, Dangote Sinotruck, Coscharis Motors, Kewalram, Dana Motors, VON Auto, Lanre Shittu Motors, CFAO and Saglev.

Auto

Lagos NURTW Chairman Sego Distributes Exotic Cars, Luxury Items to Cabinet Members (Video)

Published

on

Lagos NURTW Chairman Sego Distributes Exotic Cars, Luxury Items to Cabinet Members

Lagos NURTW Chairman Sego Distributes Exotic Cars, Luxury Items to Cabinet Members (Video)

The Chairman of the Lagos State chapter of the National Union of Road Transport Workers (NURTW), popularly known as Sego, has distributed exotic cars, luxury items, and other valuables to members of his cabinet.

The development, which took place on Tuesday, drew attention across Lagos as beneficiaries reportedly received high-end vehicles and other expensive gifts as part of what insiders described as a reward and appreciation gesture.

READ ALSO:

Sources within the union disclosed that the items shared included luxury cars, household equipment, and other high-value materials, aimed at boosting morale among cabinet members and strengthening loyalty within the leadership structure of the union.

Observers say the move highlights the growing influence and financial strength of transport unions in Lagos, particularly the NURTW, which plays a key role in the state’s transport sector.

While supporters of the chairman have praised the gesture as a sign of generosity and leadership, critics argue that such displays of wealth raise questions about transparency and accountability within union operations.

As of the time of filing this report, there has been no official statement from Sego addressing the distribution, but the development has continued to generate reactions among stakeholders in the transport industry and the wider public.

Lagos NURTW Chairman Sego Distributes Exotic Cars, Luxury Items to Cabinet Members (Video)

Continue Reading

Auto

Motoring World marks 30 years, set to rally industry leaders in Lagos

Published

on

Motoring World marks 30 years, set to rally industry leaders in Lagos

Motoring World, one of Nigeria’s foremost automotive publications, will celebrate its 30th anniversary on June 4, 2026, with a high-profile event at the MUSON Centre.

The milestone gathering is expected to draw policymakers, industry leaders, diplomats and innovators to commemorate three decades of impactful journalism, advocacy and contribution to the growth of Nigeria’s automotive sector.

Founded on June 12, 1996, as a syndicated radio magazine programme, Motoring World pioneered automotive broadcasting in Nigeria before expanding into print in 1998. It has since evolved into a multi-platform brand at the forefront of promoting industry development, modernization and policy reform.

Over the years, the publication has gone beyond news reporting to play an active role in shaping regulatory frameworks, encouraging local content development and promoting industry standards.

Publisher and Chief Executive Officer, Femi Owoeye, said the organisation was driven by a clear vision from inception.

READ ALSO:

“Motoring World started with a simple vision: to give voice and structure to Nigeria’s automotive industry. Over the years, we have gone beyond reporting to actively advocate policies that support industry growth, local production and a more structured ecosystem,” he said.

Activities lined up for the anniversary include the unveiling of a special 30th anniversary edition of Motoring World magazine, chronicling the evolution, milestones and future of the industry. Distinguished stakeholders with three decades of contributions to the sector will also be honoured.

A keynote lecture titled, “Reporting the Road Ahead: Automotive Journalism as a Catalyst for Nigeria’s Auto Industry Development,” will underscore the critical role of the media in shaping the nation’s automotive landscape.

Dignitaries expected at the event include the Minister of Industry, Trade and Investment, Jumoke Oduwole; the Director-General of the National Automotive Design and Development Council, Oluwemimo Joseph Osanipin; state governors, transport commissioners and members of the diplomatic corps.

Owoeye noted that the anniversary represents more than a celebration.

“This is a tribute to resilience, strong partnerships and the collective drive that has sustained the industry. As we honour key players and reflect on our journey, we are also setting the tone for the next phase of mobility in Nigeria,” he added.

The event promises a blend of reflection, recognition and renewed commitment to advancing Nigeria’s automotive industry.

 

Motoring World marks 30 years, set to rally industry leaders in Lagos

Continue Reading

Auto

Hyundai unveils flagship SUV Palisade, rolls out strong line-up in Lagos showcase

Published

on

Hyundai unveils flagship SUV Palisade, rolls out strong line-up in Lagos showcase

 

Hyundai Nigeria has unveiled the all-new Hyundai Palisade in Lagos, headlining a media showcase that also featured the Hyundai Accent, Hyundai Creta, Hyundai Tucson and Hyundai Santa Fe, as the automaker intensifies its push across key segments of the Nigerian market.

The event, held at the company’s Victoria Island showroom, offered journalists a first-hand view of Hyundai’s expanding portfolio, ranging from entry-level sedans to premium three-row SUVs.

Taking centre stage was the debut of the Palisade, Hyundai’s flagship SUV, positioned to strengthen the brand’s foothold in the premium segment.

With its bold exterior styling, spacious three-row layout, upscale interior and advanced safety and convenience features, the model is targeted at families and executive buyers seeking comfort, space and strong road presence.

Across the line-up, Hyundai showcased a broad spectrum of offerings. The Santa Fe reinforces its appeal as a refined, family-oriented SUV with generous cabin space and premium detailing, while the Tucson stands out for its blend of modern design, practicality and everyday versatility.

In the compact SUV category, the Creta was highlighted for its mix of style, efficiency and urban functionality, while the Accent sedan retains its positioning as a practical and cost-effective option for young professionals, fleet operators and first-time buyers.

Speaking at the event, Brand Head, Hyundai Nigeria, Gaurav Vashisht, said the launch underscores the company’s commitment to deepening its footprint in Nigeria with globally competitive products adapted to local needs.

“This introduction of the all-new Palisade strengthens our premium SUV offering while complementing a well-rounded line-up that delivers on design, safety, innovation and everyday usability,” he said.

The showcase also provided an avenue for media interaction with Hyundai executives and product specialists, alongside detailed vehicle walkarounds covering design, technology and safety features.

Hyundai Nigeria reaffirmed its focus on delivering globally benchmarked vehicles with strong local relevance, even as competition intensifies in Nigeria’s evolving passenger vehicle market.

The event also marked the launch of Hyundai’s Easter campaign, offering customers value-added benefits such as complimentary delivery, accessories, registration and service packages.

Continue Reading
HostArmada Affordable Cloud SSD Shared Hosting
HostArmada - Affordable Cloud SSD Web Hosting

Trending