LSM MD extols founder’s qualities after latter posthumous industry award 

*He left us a good name, says son

Founder and late Chairman of Lanre Shittu Motors (LSM), Alhaji Olanrewaju Shittu, has been honoured with a Nigerian auto industry posthumous award.

This was announced in Lagos at the 2024 edition of the annual

Nigeria Auto Journalists Association (NAJA) announced this in Lagos at the 2024 recently industry awards.

The prestigious award was received by one of his sons, Mr Taiwo Shittu, who is also the managing director of the auto company.

NAJA said the award was in acknowledgement of the leading role of the LSM founder in the development of the automotive business in Nigeria, describing him as a silent achiever.

Speaking on the honour, Taiwo Shittu, who was also declared the Nigeria’s Auto Personality of the Year, praised his father for painstakingly building the LSM brand and leaving behind a good name to the delight of the children and the entire family members.

He described this as a legacy accounting for the success of the company so far since his father’s demise over a year ago.

He said, “I must thank my late father, Alhaji Razaq Olanrewaju Shittu, for building the brand name. There is nothing like a good name.

“If you don’t leave anything for your children other than a good name, the sky is the limit for them.

“In our own case, he left us money and the good name. We can’t thank him enough for leaving us with a good name.

“You can imagine that everywhere we turn to in the country, once we mention we are Lanre Shittu’s sons, we are ushered in immediately.

“People would say ‘Your father was a good man. He won’t cheat you if you did any business with him. His word was his bond; he never broke his promises’. I have heard this many times. And the only thing we can do is to build on this legacy.”

Taiwo Shittu also noted that the unity existing among the 20 surviving children of the late LSM founder was part of his father’s legacies and something for other family businesses in Nigeria to emulate.

He said, “A lot of businesses collapse after the death of their owners. Once a business founder is dead, the next you hear is that a fight has broken out and while one person is taking the arm, another is claiming the leg, the other is going for the body. And in six months, the whole empire is gone down.

“In our case, we have 20 siblings that are cooperative and believe in my ability to lead the business with my other brothers.

“We had a father who never spoiled us. He taught us sincerity, commitment and accountability.”

He also spoke about the lifestyle of the late father, saying even though he was a car dealer and loved cars, he would only change his main car after every 10 years.

“Yes, he loved cars. He used to have a Rolls Royce. But he no longer had it before he died. What he had was a Mercedes-Benz Maybach. His car garage was not packed full. Even though he was a car dealer, he changed his main car every 10 years.

“He was a very prudent man. At the beginning of his adult life, he had many cars; in the middle, he was prudent. It was at the end that he bought some flashy cars such as Lexus L600, MayBach 650 engine – at that time only he and ex-President Muhammadu Buhari had that car. He bought the car then because the family was preparing for three weddings. By time he died, the MayBach had only run 600 miles.”

The LSM chairman, according to him, started the auto business in the late 1970s as a car dealer with three vehicles.

He said he was so creditworthy that many were willing to release their vehicles to him on credit, adding that this helped the business to grow faster.

He recalled how he would travel to Ogbomosho, Oyo State, and Kaduna to buy cars and returned to Lagos with double the number he could readily paid for.

“Sometimes, he would travel as far as Kaduna to buy 12 cars from PAN, he would be the person driving the last vehicle while others were ahead driving all the way to Lagos,” he stated.

Before delving into automobile assembling, he also recalled that Daewoo and Rolls Royce were the two brands that gave the LSM a real breakthrough.

CNG conversion centres now 170, FG targets 200 Dec 31

The Presidential Compressed Natural Gas Initiative (P-CNGI) on Wednesday announced that the CNG conversion centres in the country are now 170.

It was upbeat that the 170 CNG conversion centres in Nigeria would increase to 200 at the end of December 2024.

The centres hit 170 with the commissioning of Portland Gas Conversion centres in Kado, Abuja.

Speaking with reporters, the PCNGI Chief Executive, Engr. Michael Oluwagbemi, said the P-CNGI which has doubled its target for 2024, is hopeful of hitting 500 conversion centres next year.

His words: “Before the end of this year, I promise in the next two weeks, we will get to 200. We are already looking for and certifying at least an additional 35 to 40 on our record.

“I believe we will get to 40 at the end of this year. And that is double our target.  You remember this time last year, I told you our target was 100 and now 200.

Coscharis, Toyota, Globe, Weststar, CFAO, others that win big at NAJA Auto Awards

Globe Motors, Coscharis Motors, Toyota Nigeria, CFAO, Weststar Associates and Lanre Shittu (LSM) are among big winners at the 2024 NAJA (Nigerian Automotive Journalists Association) Auto Awards.

The prestigious event, which held on Wednesday December 11 at Oriental Hotel, Victoria Island, Lagos recognized various categories within the industry, ranging from vehicle innovation to service excellence.

As earlier announced Mikano Motors’ Changan CS55 beat Toyota Corolla and Kia Rio to win the coveted 2024 car-of-the-year prize.

Globe Motors emerged as the Most Resilient Company of the Year, while Coscharis Motors bagged the Multi-Luxury Brand of the Year along with the luxury SUV of the year with Range Rover Autobiography. Toyota Nigeria Limited (TNL) and MD/CEO of Lanre Shittu Motors (LSM) were honoured as Auto Company of the Decade and Auto Personality of the Year respectively.

Also, CFAO won the Outstanding After-Sale Service, Product Launches of the Year with the Toyota Land Cruiser Prado and Suzuki Vitara, and the Most Enterprising Auto Company, while Chief Chidi Anyaegbu MFR (Founder, Chisco Motors) was recognized as the Transport icon of the Year; Mrs. Karima Okunola of Mikano Motors bagged the Auto Marketing Manager of the Year.

The companies were lauded for their commitment to providing quality vehicles and top-notch aftersales services, which have contributed to their solid reputation in the Nigerian auto market over the years.

Other notable winners included Innoson Vehicle Manufacturing, which was celebrated for its pioneering role in local vehicle production; Nord took home CNG-powered mini bus brand, and A9 launch recognition.

Weststar’s Mercedes-Benz was declared luxury brand of the year and the S-Class won luxury car of the year.

Carloha with its handling of Chery was adjudged the most innovative company of the year, just as the Chery Tiggo 8 Pro launch received a recognition.

While Dangote Sinotruk won the heavy duty truck manufacturer of the year, Lanre Shittu’s JAC was again awarded the heavy duty truck of the year. Taiwo Shittu, MD of the LSM emerged Auto Personality of the Year. His later father and founder of the company received a posthumous award.

RT Briscoe bagged the workshop of the year award; Dana Motors’ Kia Sonet won the best compact SUV prize, and the mini bus assembler of the year went to Jet System.

In his speech, Chairman of NAJA, Mike Ochonma, said, “This year’s NAJA Auto Awards highlights not just the achievements of the big names in the industry, but also the rising stars who are shaping the future of Nigeria’s automotive landscape.”