FG to inject N300bn into Auto Industry

The Federal Government plans to inject N300bn into the nation’s vehicle assembly plants as part of measures to accelerate the development of the automotive industry. Already, contributions into a support fund initiated to facilitate the vehicle production finance scheme have risen to N11bn. The Director-General, National Automotive Design and Development Council, Jelani Aliyu, who gave the indication at a forum ...

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Containerized, Bulk Cargo Haulage Spikes Growth at Ikorodu Lighter Terminal

As part of the efforts of the Nigerian Ports Authority (NPA) to further decongest the traffic gridlock on Apapa port axis, Hadiza Bala-Usman  Managing Director of NPA in February this year flagged off the first export consignment of manganese, a solid mineral resource from the Ikorodu lighter terminal to Apapa port. This initiative has since resulted in the movement of ...

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Reconstruction of Apapa-Oshodi Expressway Begins In Two Weeks- Osinbajo

…As Ambode Shuts Down Illegal Terminal In Ajegunle …Directs Removal Of Trucks From Area Within 24 Hours Nigeria’s Vice President, Professor Yemi Osinbajo on Thursday assured that the anticipated reconstruction of the Apapa-Oshodi Expressway would commence within the next two weeks as part of the Federal Government’s resolve to finding lasting solution to the chaos in the Apapa axis. Osinbajo, ...

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Nigeria Bans Importation of 10-Year-Old Articulated Vehicles

… Introduces Installation of standard Speed Limiters in haulage vehicles  Reacting to the recent road traffic crash on Otedola Bridge on the Lagos-Ibadan Expressway where over 55 vehicles were burnt and multiple fatalities recorded, the Federal Government of Nigeria has banned importation of haulage vehicles that are 10 years old from the date of their manufacture.  The ban, which takes ...

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Nigeria Customs to Reduce Cargo Clearance Time

The Nigeria Customs Service (NCS) says it has embarked on Time Release Study (TRS) to measure the efficiency of its trade facilitation scheme and reduce the time of cargo clearance. Mr Wale Adeniyi, Deputy Commandant, Customs Training College, Gwagwalada, Abuja, disclosed this to the News Agency of Nigeria (NAN) at a workshop on TRS in Lagos on Thursday. The workshop, ...

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Nigeria Set to Revive National Carrier

Nigeria has commenced negotiation with aircraft manufacturers preparatory to the unveiling of a new national carrier, many years after Nigerian Airways was liquidated. The Minister of State for Aviation, Sen. Hadi Sirika, said that the Federal Government was also negotiating with investors at the ongoing Farnborough International Air Show in the United Kingdom. Mr James Odaudu, Deputy Director, Media and ...

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Dangote gets $650m Afreximbank Loan for Lekki Refinery

Africa’s richest man, Aliko Dangote, has signed a $650 million loan facility with the African Export-Import Bank (Afreximbank) for his oil refinery project in Lekki, Nigeria. The seven-year term loan would attract a moratorium of five years, according to facility terms read out during the signing. Cairo-based Africa’s trade bank also signed a $750 million facility with Nigeria’s development bank, ...

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World Youth Skills Day: A Viable Nigerian Auto Industry Presents Exciting Job Opportunities for the Youth

Africa is the final growth frontier for Ford. A well-established auto industry in Nigeria would present an exciting range of career prospects for the youth. Africa is the youngest continent and Nigeria one of the youngest markets in the world. This presents a huge opportunity in terms of the youth gaining adequate skills to ensure they are a major resource ...

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Stakeholders’ Forum Set Agenda for Haulage Operators in Nigeria

Concerned with the spate of road traffic crashes involving haulage and other related vehicles in the country, the Federal Government through the office of the Secretary to the Government of the Federation (SGF), Boss Mustapha called a meeting of relevant stakeholders on haulage operators on Monday, 9th July 2018 at the Conference Hall of the SGF at Shehu Shagari Office Complex ...

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