In a high-stakes move that could redefine Nigeria’s automotive future, the National Automotive Design and Development Council has teamed up with the Raw Materials Research and Development Council to fast-track local component production. At a strategic meeting in Abuja on May 5, 2026, NADDC boss Oluwemimo Joseph Osanipin sounded the alarm on Nigeria’s dependence on…
FEMI OWOEYE Nigeria’s car market is revving up for another explosive year, as a fresh import duty cut by the Federal Government of Nigeria collides with improving forex access to trigger what industry players describe as a potential surge in vehicle inflows. After gulping a staggering ₦1.58 trillion on passenger car imports in 2025, according…
OJO OLOTU Nord Automobiles has introduced a single-digit vehicle financing scheme, offering loans from as low as nine per cent, in a move aimed at boosting access to brand-new cars and reducing reliance on imported used vehicles. The company unveiled the initiative, tagged Nord Finance, in Lagos on Tuesday, saying it would provide individuals and…
OJO OLOTU Nigeria’s drive toward cleaner, cheaper mobility has just hit the fast lane as the National Automotive Design and Development Council (NADDC) and the Presidential Initiative on Compressed Natural Gas and Electric Vehicles (Pi-CNG/EV) close ranks to supercharge the adoption of CNG and electric vehicles nationwide. The high-level engagement saw NADDC’s Director-General, Oluwemimo Joseph…
