Business
Tinubu welcomes new Qatari investment initiatives in Agric
Tinubu welcomes new Qatari investment initiatives in Agric
President Bola Tinubu has affirmed Nigeria’s openness to strategic partnerships with Qatar during a high-level diplomatic meeting at the State House on Friday.
Tinubu hosted Dr Mohammed bin Abdulaziz Al-Khulaifi, Qatar’s Minister of State for Foreign Affairs, who arrived as a special envoy from the Amir of Qatar.
During the meeting, Al-Khulaifi announced that a delegation of Qatari business leaders will visit Nigeria in the coming weeks to explore opportunities in agriculture, food security, and other strategic sectors.
According to presidential spokesperson Bayo Onanuga, the visit builds on the momentum generated by President Tinubu’s state visit to Qatar earlier in 2024.
He quoted Tinubu as telling his guests, “I am also glad that the Amir of Qatar greatly remembers the issues discussed during my visit last year.
“Let me commend the brotherly relations between Qatar and Nigeria. The ambassador knows that I take Qatar very seriously. We are willing to go further in our bilateral relations.”
Tinubu also said that the Qatari government had demonstrated maturity and foresight in working for global peace and deserves commendation.
“I am proud of your efforts to bring peace and stability to the world. I see your efforts in human development, peace and prosperity. Like you, we are sandwiched between the challenge of terrorism and helping our neighbours. We are conscious of who our friends are and those helping us to ameliorate the problems,” he said.

L-R: A delegation from the Amir of the State of Qatar, President Bola Ahmed Tinubu, the Chief of Staff to the President, Femi Gbajabiamila, the National Security Adviser, Malam Nuhu Ribadu, Minister of Foreign Affairs, Ambassador Yusuf Tuggar, Minister of Budget and Economic Planning, Abubakar Atiku Bagudu, Minister of Information and National Orientation, Mohammed Idris, Minister of State for Finance, Doris Uzoka-Anite at the State House, Abuja, May 9.
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Tinubu noted ongoing reforms to streamline Nigeria’s tax system, making it easier for foreign investors to do business in the country.
“We are making efforts to reform our tax system. Going by the experiences of the past and the need to depart from old ways, our reforms have been hard. I made tough decisions so that we could grow. We are gradually seeing the light at the end of the tunnel.
“You can’t find a better partner than Nigeria. I always follow the global issues and your efforts. You have to do more in Nigeria to help fight poverty in the humanitarian area. You have done well in developing a knowledge-based economy in Qatar, but what about Nigeria?”
He said Nigeria’s partnership with Qatar can be improved by looking into food sovereignty and economic prosperity.
“We are doing well as much as we can as the leader in Africa. We want to continue to promote good relations with you. We are ready to do whatever we can do from here. We subscribe to peace efforts by your government. There can be no development without peace,” he added.
Tinubu directed his cabinet members, including Senator Abubakar Atiku Bagudu, Minister of Budget and Economic Planning; Mohammed Idris, Minister of Information and National Orientation; and Ambassador Yusuf Maitama Tuggar, Minister of Foreign Affairs, to ensure the timely implementation of all bilateral agreements between the two nations.
In his remarks, the Qatari envoy conveyed the Amir’s desire to strengthen the strategic partnership with Nigeria.
“We are proud of the level of relations we have reached with Nigeria. I am very impressed with our partnership with the country, which is not just government-to-government but also people-to-people.
“Our ambassador has been following up with the projects. We have much to do together in agriculture, food, and petrochemicals. We have some companies telling us that we should create a way for them to come into Nigeria,” he said.
Abdulaziz Al-Khulaifi, whose responsibilities include mediating peace in Africa and the Middle East, said some Qatari companies will visit Nigeria to discuss investment opportunities in agriculture.
“The message I have from His Highness, Amir of Qatar, is that he wants Nigeria to be a strategic partner in Africa,” he added.
Tinubu welcomes new Qatari investment initiatives in Agric
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Auto
26th Abuja Motor Fair: NADDC, BKG Set November 10 Date for Auto Industry Show
26th Abuja Motor Fair: NADDC, BGK Set November 10 Date for Auto Industry Showcase
The National Automotive Design and Development Council and BKG Exhibitions Ltd have unveiled plans for the 26th Abuja International Motor Fair, scheduled to hold from November 10 to 13, 2026, at Eagle Square, Abuja.
The four-day event is expected to bring together major players across the automotive value chain, such as vehicle manufacturers and assemblers, component producers, financial institutions, technology firms, transport operators, logistics companies, development partners, investors and government agencies.
A three-day conference will also feature prominently at the fair, with the theme, “Driving Nigeria’s Automotive Transformation: Policy, Production, and Prosperity.”
A statement on Friday by BKG Exhibitions said the conference would examine key issues shaping the development of Nigeria’s automotive industry, with speakers drawn from various sectors of the industry and related fields.
Chairman of the Organising Committee and Managing Director of BKG Exhibitions, Mr Ifeanyi Agwu, said the conference would feature a keynote address by the Director-General of NADDC, Otunba Joseph Osanipin, alongside presentations and speeches by leading stakeholders in the automotive and transport sectors.
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According to him, the fair will provide participants with opportunities to engage industry leaders, investors, government officials and business executives while exploring emerging vehicles, technologies, products and investment opportunities.
Other highlights of the event are the Nigeria Automotive Excellence Awards Night, Abuja Automotive Road Show, Ultimate Test-Drive experience, exotic automobile displays and the Automotive and Future Mobility Arena.
Visitors will also have access to professional advice, technical papers and a showcase of some of Abuja’s finest cuisine.
The Abuja International Motor Fair has, over the years, evolved into one of Nigeria’s major automotive exhibitions and platforms for industry and policy dialogue.
The organisers said this year’s edition would further strengthen the platform’s role in promoting investment, innovation, local production and sustainable growth across Nigeria’s automotive sector.
26th Abuja Motor Fair: NADDC, BGK Set November 10 Date for Auto Industry Showcase
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Auto
Replace Fuel Subsidy With Vehicle Credit to Drive Mobility, Jobs,LCCI, Ilekuba tell FG
Replace Fuel Subsidy With Vehicle Credit to Drive Mobility, Jobs,LCCI, Ilekuba tell FG
Nigeria’s automotive stakeholders have called for an urgent shift from fuel subsidy to affordable vehicle financing, saying the new model could make vehicle ownership accessible to more Nigerians while driving local production, creating jobs and reducing dependence on imported automobiles.
The call was made on Thursday at the LCCI/National Automotive Design and Development Council Automobile Symposium, themed, “From Subsidy to Credit: Can Vehicle Financing Replace Fuel Subsidy as Nigeria’s Mobility Equalizer?”
Chairman of the LCCI Auto and Allied Sector Group, Dr Femi Eguaikhide, said affordable vehicle credit could restore access to mobility, improve productivity and create a stronger market for Nigeria’s automotive industry.
He said fuel subsidy had for decades effectively functioned as Nigeria’s mobility policy by helping to keep transportation relatively affordable for millions of Nigerians, including commercial drivers, teachers and small-business operators.
However, following its removal in May 2023, Eguaikhide said mobility costs had risen sharply, resulting in higher transport fares and increased prices of goods and services, with knock-on effects on productivity.
“Subsidy made fuel cheap, but cars remained expensive. So only the rich owned productive assets,” he said, arguing that vehicle credit could enable more Nigerians to acquire income-generating vehicles and repay loans from the proceeds.
Eguaikhide called for affordable, preferably single-digit interest rates and longer-tenor lease-to-own schemes for commercial operators using buses, tricycles and motorcycles.
“Can we create a ₦50,000/month plan for a keke driver?” he asked, urging financial institutions to develop financing products around borrowers’ earning capacity rather than conventional lending models.
He also advocated the use of vehicle telematics, tracking systems and cash-flow data to develop “mobility credit scores” that could help lenders assess the repayment capacity of commercial transport operators.
But Eguaikhide warned that vehicle financing must not become a fresh channel for importing used vehicles.
“If we use credit to import more Tokunbo, we’ve solved nothing,” he said, advocating financing for CNG conversions, locally assembled electric and hybrid vehicles, as well as mass-transit buses.
He summed up the proposed policy shift: “Subsidy gave us consumption. Credit can give us production.”
In a special address, Chairman and Chief Executive Officer of Cedric Masters Group, Chief (Sir) Anselm Ilekuba, also canvassed a fundamental shift towards vehicle financing, stressing that such a policy must simultaneously promote Nigeria’s automotive industrialisation.
Ilekuba, who was represented at the event by his Chief Finance Officer and Head of Accounts and Strategy, Christabel Mmesoma Ilekuba, decried the impact of high financing costs, short repayment periods and pressure on household incomes on vehicle ownership, despite strong demand for automobiles.
He urged the Federal Government to seriously consider the proposed National Automotive Bank being championed by NADDC, describing it as a specialised financing institution that could support consumers, vehicle assemblers and component manufacturers.
Ilekuba proposed longer-tenor financing for qualifying locally assembled vehicles, alongside industrial credit for manufacturers and funding for machinery, technology, certification and capacity expansion by component producers.
He also called for stronger localisation of automotive components, citing the proposed National Automotive Components Parts Gateway being developed by ALCMAN with Chinese partners.
According to him, the Automotive Bank and Components Gateway could create a cycle in which increased vehicle purchases stimulate local assembly, boost demand for locally produced components, expand factories and generate jobs, while reducing Nigeria’s exposure to foreign-exchange pressures.
Ilekuba said the success of vehicle financing should therefore not be measured merely by the number of loans disbursed, but also by growth in local vehicle assembly, component production, factory expansion, employment and foreign exchange conserved or earned.
“The old subsidy helped Nigerians consume mobility. The new approach should help Nigerians own mobility—and help Nigeria produce it,” he said.
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Auto
Jetour Set to Storm Abuja Show with Rugged Luxury T2
Jetour Set to Storm Abuja Show with Rugged Luxury T2
Abuja is set for a taste of rugged luxury as Jetour Nigeria puts its adventure-ready T2 SUV in the spotlight at the Jetour Experience Abuja from September 22 to 24, 2026, giving motorists in the Federal Capital Territory and neighbouring states an opportunity to test its blend of off-road capability, premium comfort and advanced technology.
The three-day showcase at Maha Event Centre, Area 8, Garki, will feature test drives, live demonstrations and direct interaction with Jetour product specialists, offering prospective buyers a closer look at the T2 and other models in the automaker’s growing Nigerian line-up.
Positioned as a premium SUV combining off-road capability with comfort and advanced technology, the Jetour T2 is designed for motorists seeking a vehicle capable of handling both city driving and challenging terrain.
Jetour Nigeria is distributing the T2 and other models via its seven accredited dealers — Elizade Nigeria Limited, New Era AutoVehicle Services Limited, Germaine Auto Centre, Kojo Motors, Mandilas Autos, R.T. Briscoe Motors and Tab Autos Limited.
The T 2 SUV is powered by a 2.0-litre turbocharged engine producing 254 horsepower and 390 Nm of torque. The engine is paired with a seven-speed dual-clutch transmission and BorgWarner sixth-generation intelligent four-wheel-drive system.
It also features five driving modes — Eco, Sport, Mud, Rock and X Smart — designed to provide improved adaptability across different road and terrain conditions.
Measuring 4,758mm in length, 2,006mm in width and 1,880mm in height, the SUV offers 220mm ground clearance and a 70-litre fuel tank, giving it the capability for extended journeys and off-road adventures.
Inside the cabin, the T2 combines rugged styling with modern comfort, featuring ergonomic seating and a 15.6-inch touchscreen infotainment system with Apple CarPlay, Android Auto and intelligent voice control.
Its safety and driver-assistance features include a 360-degree panoramic camera, rear parking sensors, Lane Departure Warning, Blind Spot Detection, Anti-lock Braking System and Emergency Brake Assist.
The SUV also comes with off-road crawl control as well as push-button and remote-start functions.
The Abuja experience follows Jetour Nigeria’s recent showcase in Lagos as the automaker continues to expand its presence and customer reach across the country.
With its combination of performance, technology, safety and luxury, the Jetour T2 is expected to attract motorists seeking an SUV capable of combining everyday urban mobility with adventure and off-road driving.
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