Nigerian exporters now spend over ₦10 million to transport a single truckload of goods by road to Ghana, due to excessive levies, fees and bureaucratic charges imposed by transit countries particularly Benin and Togo along the Lagos–Accra corridor. As reported by Shipping Position Daily, the exporters lament that the rising cost is stifling regional trade…
Managing Director of Lanre Shittu Motors (LSM), Mr. Taiwo Shittu, has called on the Federal Government to prioritize the enactment of legislation that gives legal backing to Nigeria’s automotive policy, which was established over a decade ago. Shittu said that formalizing the auto policy through an act of law would significantly boost investor confidence—both local…
SAGLEV Electromobility Nigeria Limited, founder of sub-Sahara- Africa’s first fully Electric Vehicle assembly plant, has earned the endorsement of National Automotive Design and Development Council (NADDC). Conducting a familiarization tour of the plant on Tuesday, the NADDC Director General, Mr. Oluwemimo Joseph Osanipin, described SAGLEV assembly plant as a facility that meets all international standards….
The Nigerian Senate has passed the Local Automotive Industry Patronage Bill, 2025, for second reading, aiming to mandate Ministries, Departments, and Agencies (MDAs) to prioritize locally manufactured automobiles in their procurement processes. Sponsored by Senator Ndubueze Patrick Chiwuba (Imo North), the bill was debated during plenary on Thursday, May 15. Senator Ndubueze decried Nigeria’s overreliance on imported…
