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Tag: Nigerian Automotive news

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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–

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

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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.

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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.

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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.”

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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.”

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Source: The Punch, April 2021


Bed occupancy in Lagos COVID-19 centres decreased to 8%

Prof. Akin Abayomi, the Lagos State Commissioner for Health, has announced the bed occupancy in the states public and private COVID-19 care centre has reduced from 60% to 8%. 

Adayomi made the announcement Thursday evening via his verified Twitter account. He indicated that as of the beginning of February, the bed occupancy within both private and public COVID-19 centres has dramatically declined. His research indicated that 5 out of the eleven private and public care centres in the state were completely empty.

Finally indicating that 520 beds were available from the total across the 11 COVID-19 care centres. The positive news comes a number of days after the Government have announced the COVID-19 vaccine inoculations have begun.

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Source: The Punch, March 2021


Update: COVID-19 Vaccines arrive in Nigeria

Nigeria have received nearly four million doses of the COVID-19 AstraZeneca/Oxford vaccine, shipped via the COVAX Facility, a partnership between CEPI, UNICEF, Gavi and WHO (World Health Organisation). 

It is believed that COVAX have delivered 3.94 million doses of the vaccine, which arrived from Mumbai into Abuja around 11:30am yesterday morning.

Presidential aid, Bashir Ahmad, tweeted yesterday “Nigeria has just received the first batch of Oxford/AstraZeneca Covid-19 vaccine”. The welcomed news comes as the nation plans to successfully vaccinate 40% of the Nigerian population this year.

UN Resident Coordinator in Nigeria, Edward Kallon, stated “The UN Country Team in Nigeria reiterates its commitment to support the vaccination campaign in Nigeria and help contain the spread of the virus.

“The arrival of these vaccines in Abuja today marks a milestone for the COVAX Facility in its unprecedented effort to deliver at least 2 billion doses of COVID-19 vaccines globally by the end of 2021”.

In accordance with the National strategy, front healthcare workers will be inoculated first.

WHO representative in Nigeria, Dr Walter Kazadi Mulombo, said “It is heart-warming to witness this epoch-making event and WHO wishes to congratulate the government of Nigeria for its participation in the global vaccine collaboration (COVAX) efforts and its commitment to protecting Nigerians against this pandemic.

“Vaccines are a critical new tool in the battle against COVID-19; therefore, this is a step in the right direction. These vaccines have undergone rigorous regulatory processes at global and country level and have been deemed safe and effective.”

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Source: The Punch, March 2021


UK Government to Provide Nigeria with 16m free COVID-19 Vaccines

The UK Government have announcement yesterday that the Global Vaccine Alliance (GAVI) have agreed that Nigeria will be among the first group of countries to receive 16 million free doses of COVID-19 vaccines through the COVAX Global Vaccines Facilities. 

The British High Commission Office released a statement to the the News Agency of Nigeria (NAN) indicating that the free doses will be widely available in the first half of the year.

In the statement, GAVI released the first forecast of countries which are widely available to receive COVID-19 vaccines via the COVAX Advance Market Commitment. The COVAX statement highlighted that it is allocating 330 million vaccine doses to low and lower middle class income countries, including Nigeria.

“As one of the 92 ODA-eligible countries participating in the COVAX AMC initiative, Nigeria will benefit from this arrangement and access free vaccines to cover at least 20 per cent of its population, and the UK is playing a supportive role in ensuring an effective and equitable introduction of COVID-19 vaccines, “it said

The UK are are regarded to be the leading nation tackling the COVID-19 pandemic internationally and so far have pledged over 1.3 billion pounds in UK aid to end the corona virus pandemic as swiftly as possible.

The UK are respected to be one of the largest donors to GAVI, the Vaccine Alliance, which over past two decades have contributed towards updating cold chain infrastructure and improving immunisation procedures in low income countries around the world.

Catriona Laing, The British High Commissioner, stated “This news on the COVAX global COVID-19 vaccine rollout brings us one step closer to delivering vaccines to millions of Nigerians”.

She continued “I am please to announce Nigeria will get millions of these free available doses by the end of 2021”.

This positive announcement comes after the BUA Group announced they will be providing 1 million free COVID-19 vaccines to Nigeria in the upcoming weeks.

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Source: The Guardian Nigeria, February 2021


Stallion Motor unveils Nigeria’s first electric car

Stallion Motors manufacture Nigeria’s first electric car, it was announced last week at a elaborate ceremony held at the Sheraton Hotel. 

Stallion Motors announced the news they will be manufacturing the vehicle Hyundai KONA infront of dignatries including the Minister of Works and Housing, Babatunde Raji Fashola, The Director-General National Automotive Design and Development Council, Jelani Aliyu, Director General of National Information Technology Development Agency (NITDA), Inuwa Abdulahi and the CEO of Stallion Motors, Anat Badjatya.

The vehicle specification includes being 100 per cent electric, contributing zero-emissions, able to travel 482 kilometers range for a nine hour charge and most importantly a 5 years of battery and a manufacturers warranty.

CEO of Stallion Motors, Anat Badjatya, stated that the Hyundai KONA electric car provides minimal noise, zero-emissions and is low maintenance to operate. He later insisted that electric cars have come to stay in Nigeria, and that Nigeria can not afford to be left behind in the global frame.

Mr Otunba Adebayo, one of the members in attendance who had the opportunity to test drive the, described the vehicles performance as exceptional. However he later insisted that the charging points structure within the nation could be a problem, but will be ironed out in time.

He also insisted that the introduction of the first electronic car will create production competition, highlighting that the federal government is already in discussion with Stallions Motors to reduce the price of cars to make them affordable to many Nigeria’s.

Aliyu, Director of the NADDC, insisted that the independent organisation has been working closely with Stallion Motors and other stake holders to ensure that they assemble and products specifically configuration for Nigerian demographics and requirements.

Badjatya insisted that Stallion Motors are working closely with the authority to ensure the new developed vehicle is affordable to many Nigerian’s. Insisting that Nigerian’s need to embrace the future and zero-emission vehicles are certainly the future.

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Source: This Day, February 2021


Imported vehicle duty tariff cut very soon – Customs

The arranged reduction on duty tariffs on finished vehicles and tractors from 35%-10% will be active very soon, the Nigerian Customs Service highlighted last week.

Mr Hameed Ali, Comptroller General of Customs, informed journalists in Abuja, stating that the management of the service was awaiting a response on the matter from the Finance Ministry any day now.

Highlighted in the 2020 Finance Act, the vehicle tariff reduction was initiated by the Nigerian Customs Service to relieve the cost of transportation in Nigeria.

“Now, it has become a law. We are now waiting for the finance minister to give us a formal conveyance of that Act. Once we receive it, we commence implementation immediately and inform our commands.” stated Ali.

Regarding the new African Continental Free Trade Agreement, Ali highlighted that all aspects of the agreement which involves the Nigerian Customs Service are being held.

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Source: This Day, January 2021

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