May 16th to 18th 2023,  Landmark Centre in Lagos, Nigeria  +44 (0) 2477 298626

Tag: Lagos Aftermarket News

news, news and events

NADDC apparently abandoned multi billion Naira land and equipment

Mr Luqman Mamudu a former acting Director-General of the National Automotive Design and Development Council has stated that a multi-billion naira land and imported equipment for projects across the country are sat rotting away.

This was what he portrayed in Abuja where chief executive officers of auto companies and other stakeholders called for a review of the Finance Act, which would make it harder for the local auto assemblers to compete against sellers for fully finished vehicles that had been imported.

At the Auto CEOs Forum, the discussion was held as an interactive session between some big names. The heads of different government agencies, the likes of Nigeria Customs Service, Bureau of Public Procurement and National Drug Law Enforcement Agency, National Bureau of Statistics, National Automotive Design and Development Council and Ministry of Industry Trade and Investment.

Mamudu said the Federal Government invested billions of naira to acquire the huge land and import needed equipment for industrial clusters in six major cities across the country to give the auto policy a sound footing.

Mamudu has stated that regardless of the mammoth amounts spent, (N1 billion to bring in test equipment for a facility to test vehicles emission level, the government also paid N300 million for the land where test centre is) that nothing was currently happening at the Lagos centre and at other places.

His view was against the insinuated opinion that the NADDC didn’t consult anyone prior to the auto policy being put in place, saying there was around 6 months of back and forth meetings with relevant agencies, groups and auto players first.

Outlining the key areas of the policy, its objectives using a global template and the requirements to actualise the project such as incentives to attract investors/OEMs, acceptable credit facility for vehicle assemblers and buyers and anti-smuggling programme.

He said, “There is no need to change the NAIDP. We only need to review time taken for renewal of yearly.

Auto CEOs who spoke through Olutobi Ajayi of Nord Motors, Taiwo Shittu of Lanre Shittu Motors, and Deputy Managing Director, CFAO Motors, Kunke Jaiyesipmi, the current import duty of 10 per cent import duty for fully built units (vehicles) and 10 per cent for Semi-Knocked Down vehicles was discouraging local assembly of vehicles.

“There is no way local assembly plants can compete with FBU vehicle importers at 10 per cent duty. We buy diesel, pay workers, among other running cost but they don’t do,” said Ajayi.

They called for a review of the Finance Act.

Source: Vanguard, August 2022

To book a stand for 2023 Click Here

To find out more about the 2023 edition Click Here

news, news and events

Finance Minister states 3 new assembly plants to build 6 global brands

This year, three further plants will begin to produce six global brands; Hyundai, Isuzu, Honda, KIA, Changan, and ZX Auto.

In addition to this, the current Toyota assembly plant, which started commercial production in 2021, will also start assembling Suzuki vehicles this year.

This ultimately means that the choice of vehicles that are made in Ghana will be broadened to a total of 13 different brands.

According to Finance Minister, Ken Ofori-Atta, the Ghana Automotive Development Programme under the Strategic Anchor Industries Initiative, continues to attract investment from global vehicle brands.

Nissan commissioned a new plant in April 2022 in greater Accra, at present its the largest automotive assembly plant in Ghana, having the capacity to build over 31,000 a year.

The same plant is set to produce Peugeot vehicles to be marketed in the domestic sector to neighbouring countires.

This brings the amount of brands assembled under the Ghana Automotive Development Programme to five namely, Volkswagen (VW), Toyota, Sinotruck, Nissan, Peugeot and Kantanka, Ghanaian local brand.

Certain measures have been put in place to support the programme, such as the enabling Act provided for an increase in the Customs duties to 35% of the CIF value on vehicles in the same category as those being assembled locally and the ban on import of salvaged vehicles and vehicles over 10 years of age, says Mr Ofori-Atta, as well as other things in the pipeline for the government to implement throughout this year.

“Additionally, to make the prices of these vehicles competitive, supplies of these vehicles will be zero-rated for VAT purposes until December 2023”, he explained.

Mr. Ofori-Atta elaborated on the matter, stating that assembling locally also opens up the avenue of producing/supplying components and parts, including spare parts for the automotive industry.

“In this regard, Government is drafting a Component Manufacturing Policy for implementation”, he stated.

Source: Myjoyonline, August 2022

To book a stand for 2023 Click Here

To find out more about the 2023 edition Click Here

news, news and events

West Africa Automotive Show 2022 praised by exhibitors

Exhibitors from this years West Africa Automotive Show (WAAS) in Lagos, Nigeria, have described the Nigerian market as a very huge one for their business to thrive.

Exhibitors hailing from Africa, Asia, the US and Europe, all came into this year’s exhibition with the latest technologies in vehicle spare parts including batteries and lubricants, attracting vehicle owners and engineers alike to the show.


Sanjeev Arvind Khapre, Chief Operating Officer for Reem Batteries and Power Appliances Company, exhibited, who was the head of the defunct West Africa Batteries Limited in Ibadan, the Oyo State capital for ten years said that: ”Africa is a very big market so also Nigeria is a big market for automobile parts. There is no manufacturer of battery now in Nigeria after West Africa Batteries was closed down, so we want to market our products here and maybe later on we can have a manufacturing base here.”

Business Development Manager Ben Dadswell from BtoB Events Limited, the organisers of the event, said that The West Africa Automotive Show is an opportunity held annually for the automotive sector of West Africa to come together, network, forge new partnerships, discuss best practice and of course, do business.

He stated further: “I would like to take this opportunity to personally thank all our sponsors, exhibitors and show partners for their support since the launch of WAAS. We hope that you enjoy your time at the exhibition and manage to take away many new insights to generate future success for your business.”

Source: Tribune Online Nigeria, May 2022

To book a stand for 2023 Click Here

To find out more about the 2023 edition Click Here

news, news and events

Lubrex strengthens its African operations by exhibiting at the West Africa Automotive Show!

Lubrex, the leading regional lubricant manufacturing company, is participating in the upcoming West Africa Automotive Show (WAAS) held in Nigeria. Based in UAE’s Hamriyah Free zone, Lubrex is looking forward to expanding its regional reach to meet with new channel partners and suppliers from the west Africa region.

Through its participation, Lubrex will promote its African market shares and provide a comprehensive picture of the range of products and services company offers with the aim to reach new customers and distributors, in addition to business networking, brand awareness, and staying up to date with new market trends.

Commenting on the importance of this participation, Abbas Moniri, Managing Director of Lubrex noted: “With over 100 exhibitors and 3,500 attendees, WAAS is considered as an integral part of the automotive industry in the region as it will bring together global suppliers, dealers, and manufacturers with regional stakeholders.”

“This is the first WAAS since the pandemic, and I am sure that all the industry players are as eager as we are to resume business as usual and we are looking forward to this participation,” the Managing Director concluded.

Visit Lubrex at stand B18

To Pre-register for the West Africa Automotive Show 2022 Click Here

news, news and events

Hunter Engineering to participate in West Africa Automotive Show for the first time

4,500 attendees expected in Lagos, Nigeria next month

ST. LOUIS – For the first time in its history, Hunter Engineering will be exhibiting at an automotive trade show on the African continent.

Hunter will be among the more than 100 exhibitors taking part in the West Africa Automotive Show at the Landmark Centre in Lagos, Nigeria, May 17-19.

Last held in 2019, the event is the only automotive show that takes place in West Africa. Hunter will welcome distributors and end users at the event, where they’ll find a range of aligners, wheel balancers, tire changers and brake lathes.

Participation in the show follows the key hiring last year of Ranjeet Mahato to serve as the regional manager for Hunter’s new North African region.

“We’re extremely excited to attend the West Africa Automotive Show for the first time,” said Hunter International Vice President Darcy Tallon. “It’s the logical next step to expand our reach in an international market where we’d previously not had a presence. We’re really optimistic about Hunter’s future in this part of the world.”

Hunter Engineering’s dedicated dealer network of importers and distributors delivers industry-leading world-class products to workshops in more than 100 countries across the globe. 

For more information, visit www.hunter.com.

Hunter Engineering Company® is the global leader in state-of-the-art wheel alignment systems, wheel balancers, brake lathes, tire changers, lift racks, unmanned inspection equipment, diagnostic scan tools and ADAS recalibration equipment. Hunter equipment is approved and used by vehicle manufacturers, automobile and truck dealers, tire dealers and service facilities around the world. 

To Pre-register for the West Africa Automotive Show 2022 Click Here

To Book a Stand Click Here

news, news and events

Rebranding lubricants and a bigger commitment to clean energy by TotalEnergies

TotalEnergies rebrands its lubricants in an effort to reaffirm their clean energy commitments.

TotalEnergies engineers and vends lubricants worldwide as a major player in the industrial, automotive and maritime sectors.

Managing Director of TotalEnergies Dr Seye Samba spoke at the new lubricant launch advising of new colours, new labels and a more ergonomic design to be expected when it hits the market.

Dr Samba said: “We are a leading global manufacturer and marketer of lubricants, with 42 production sites around the world. Here in Nigeria, we have our lubricant and bitumen blending plants in Lagos and Koko, Delta State.

“We have lubricant storage plants in all parts of the country as well as employees that are committed to providing energy that is more affordable, cleaner and more reliable as well as accessible to as many people as possible.”

In addition to new design, he said the lubricants division contributes to the company’s ambition to offer cleaner energy, adding that a reduction in the weight of cans will prevent the emission of 9,500 tons of CO2 equivalent each year owing to raw materials savings.

With these new cans, he said consumers can identify the product they need at a glance, due to the color coding.

“The colour codes show platinum for top-tier, silver for mid-tier and bronze for entry range products. Buyers can then zoom in on the product they need by checking the new label, which is much clearer and easier to read”, he added.

Source: The Guardian, December 2021

To Pre-register for the West Africa Automotive Show 2022 Click Here

To Book a Stand Click Here

news, news and events

The NADDC making big commitments to the future of EV in Nigeria

The National Automotive Design & Development Council (NADDC) has voiced again how they want to commit to the local production of environmentally-friendly Electric Vehicles (EVs) for it to become the new normal for every Nigerian to drive electric.

At the just concluded Nigerian Energy Summit II, the Nigerian Federal Ministry of Power, and the European Union, the Director-General of the NADDC, Jelani Aliyu, MFR, announced his agency’s plan to help raise the capacity of Electric Vehicle production in the country.

This is all in an effort to help meet the Paris Accord and the 2060 net-zero commitment, by reducing harmful gas emissions from vehicles. This would make an ease of access to EVs in Nigeria.

The Council is currently writing an Electric Vehicle Policy, promoting benefits for buyers and producers of EVs.


He also showed how his agency has been developing 100 per cent solar-powered EV charging stations, sited at three universities across the country. These are Usmanu Dan Fodio University, Sokoto, University of Lagos and University of Nigeria, Nsukka, in a strategic move that is aimed at bringing advanced automotive-related technology to the doorsteps of students as an effective technology transfer initiative.

Jet Systems Motors have created the first Indigenously made and assembled Nigerian Electric Vehicle, the Jet Mover Electric Delivery Van, this was showcased on Aliyu’s video part of their presentation along with the Hyundai Kona EV.

Source: Transportday, April 2022

To Pre-register for the West Africa Automotive Show 2022 Click Here

To Book a Stand Click Here

news, news and events

Travel Protocol to Nigeria changes Today

The Federal Governments Covid-19 protocol for entering Nigeria changes today.

Boss Mustapha, the Chairman of the Presidential Steering Committee for Covid-19 has advised.

Any in-bound passengers to Nigeria that are fully vaccinated need not take any pre or post flight PCR tests and rapid antigen tests.

Any child under the age of 18 is under the same bracket as a fully vaccinated adult in the new protocol document.

For the unvaccinated and partially vaccinated a PCR test 48 hours before departure is required, along with the 2 and 7 day post arrival PCR tests, at their own cost.

All-inbound passengers, regardless of vaccination status, are expected to register via the online Nigeria International Travel Portal (NITP– https://nitp.ncdc.gov.ng).

All passengers travelling out of Nigeria are “encouraged to have evidence of full vaccination against COVID-19; comply with the COVID-19 guidelines of their destination or transit countries; and to familiarize themselves with the COVID-19 travel requirements of their destination and transit countries before embarking on the journey.”

Source: Channelstv, April 2022

To Pre-register for the West Africa Automotive Show 2022 Click Here

To Book a Stand Click Here

news, news and events

$10M Funding for Moove from NBK Capital Partners

Ubers exclusive vehicle supply partner in Africa ‘Moove’ have closed a $10m (R153m) deal for finance with NBK Capital Partners Mezzanine Fund. This is the the sixth investment of this kind from the Fund advised by NBK Capital Partners.

Moove’s expansion into West Africa will be supported by the Fund initially. Its the first investment of its kind by NBK Capital Partners funds in Africa. This will underline an opportune platform to challenge Africa’s vehicle financing gap.

Ladi Delano and Jide Odunsi are the co founders of Moove, born in Nigeria, were educated at the London School of Economics, then Oxford University and MIT and have built three other successful businesses in Africa before Moove.

Moove initially came to fruition in 2019, Moove is an African mobility fintech that is levelling the playing field for vehicle ownership by providing revenue-based vehicle financing to mobility entrepreneurs across Africa.

The CEO of NBK Capital Partners Yaser Moustafa said “We are very excited to partner with Moove on its journey to transform access to credit for millions of people across the African continent”.

The total funding for Moove now exceeds $78m and will fuel their trajectory to grow as they expand their operations regionally for mobility entrepreneurs.

Moove are committed to having at least half of their customer base being females and providing them with everything they need to succeed in that form of employment.

The company launched operationally in 2020 and have completed over 2 million trips to date.

To read more Click Here

Source: BizCommunity February 2022

news, news and events

Nigeria’s ASPMDA Market delayed handover

The Auto Spare Parts and Machinery Dealers Association (ASPMDA) has elected a new president at the Lagos International Trade Fair Complex, Brother James Umeji (Jim Best). He has spoken about the fact that even though it has been more than two months after being sworn in as the president, of the biggest auto spare parts market in West Africa, the caretaker committee before him have still not handed over properties and assets to his new committee.

Historically the elections have been less than fair, this time around it has not been the case.

The president stated the lengthy non-handover of the properties of the association by the Sunny Igboanuze led caretaker committee has led to a slower start to positive changes being made.

With the backing of market members, the pile of refuse in the market has been removed, power supply restored; and has also led to the construction of ASPMDA-Abule-Ado link road.

The plan is for the ASPMDA -Omonile road project to be completed by mid April 2022. He would like to start repair or change the drainage systems that cause road issues and flooding during the rainy season and make market traffic hindrances for a smoother flow through.

He’s said to have wanted to build a road to the Ojo Army barracks.

Decisions made at the general meeting comprise of dissolving all the committees in the market, appointing the new members of constitution review committee and appealing to those in possession of the properties of the market to return them with immediate effect, along with other topics.

For more information Click here

Source; Sun News Online, February 2022

WhatsApp chat