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Tag: Nigerian Automotive Imports

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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

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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

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$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

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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


West Africa Automotive Show returns to Lagos in May

The West Africa Automotive Show (WAAS), Nigeria’s largest automotive parts show, will return to Lagos in May. Over three days (May 17th to 19th) more than 100 exhibitors from Nigeria and around the world will be showcasing the latest developments and products in the auto parts and services sector to more than 3,000 visitors from across western Africa.

While the event will focus on local businesses, there will be a highly international flavour with overseas representation from more than 20 countries. These include India, UK, Ireland, Thailand, Indonesia, Nigeria, Pakistan, the UAE, Poland, the USA, and Turkey.

The show, which will take place at the Landmark Centre on Victoria Island, is endorsed by the National Automotive Design and Development Council (NADDC). The founding partner is Africa’s largest auto spare part market – ASPMDA Auto Spare Parts and Machinery Dealers Association.

WAAS is organised by BtoB Events, which also runs the highly popular Food and Beverage West Africa show (taking place in June) and Beauty West Africa show (in November).

BtoB Events’ Managing Director Jamie Hill is looking forward to seeing the regional automotive sector come together again. “We are delighted to be able to bring the long-anticipated return of the West Africa Automotive Show back to Nigeria, for its first post pandemic edition,” he says.

“Demand for exhibition space has been very high, which reflects the strong desire from the market to get back to business and make us for lost time. The impact of the pandemic on international trade was huge, so the exhibition will act as a perfect platform for businesses to find new suppliers from around the world and suppliers to find new customers across the region.”

For more information about participating in this years event please Click Here

Visitors can also pre-register for WAAS by Clicking Here


Nigeria to ban used cars over seven years old

The House of Representatives Committee on Customs and Excise have increased their revenue targets to N1.56tn for the Nigerian Customs Service in 2021. 

The amount was originally suggested be to around N1.4tn, however during the budget defence session held with the Controller-General of the NCS on Tueday sdue to the pandemic the targets where increased accordingly.

The Customs committee proposed a ban on importation of vehicles that have been used for more than 7 years.

Chairman of the committee, Leke Abejide, insisted that the targets on duties and VAT have remained the same throughout the pandemic.

Abejide said, “The 2021 proposal that Customs brought to us; we compared notes of what was presented to us in the 2020 fiscal year and what was collected by the service. There was a proposal of N1.4tn. When we looked at your new proposal and the kind of noise it will generate when we get to the floor of the House, we don’t want to have problems on the floor trying to pass the budget.”

He continued “We are now working on a policy proposal that will reduce the years of the vehicles that will be imported into the country as used vehicles.

“Our own is to ensure that we have roadworthy vehicles and that is not to say that we want to kill our own home-grown industries. It is our hope that our own industries will begin to produce vehicles that we can afford to buy and reduce importation of used vehicles.”

For more information about the West African Automotive sector, Click Here

Source: The Punch, April 2021

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