At first glance, the Federal Government’s newly approved 2026 Fiscal Policy Measures (FPM) appear well-intentioned, an effort to stimulate economic activity, ease import costs, and recalibrate revenue generation. However, beneath the surface, the policy reveals a fundamental contradiction that could deal a significant blow to Nigeria’s fragile but promising automotive assembly and manufacturing sector. The…
ANNIE ALLEN China’s biggest car exporter, Chery Automobile, is ramping up its European offensive with a smart, capital-light strategy, take over existing factory capacity instead of building new plants from scratch. At a high-profile event in Paris, executives confirmed the company is actively seeking partnerships with European automakers to unlock idle production lines and fast-track…
FEMI OWOEYE In a dramatic policy twist that is already sending shockwaves through Nigeria’s automotive ecosystem, the Federal Government has slashed import duties on vehicles; but industry insiders warn the move may be a double-edged sword with far-reaching consequences. Effective April 1, 2026, the sweeping fiscal overhaul, signed by Finance Minister Wale Edun, marks a…
A fresh storm is brewing around Nigeria’s ambitious Lagos-Calabar Coastal Highway, as civic watchdog Tracka accuses the Federal Government of stonewalling critical transparency requests on the high-profile project. More than a month after filing a Freedom of Information (FOI) request, the BudgIT-backed group says it has been met with what it describes as “deafening silence”…
