In continuation of its poverty alleviation programme, the Federal government of Nigeria has established an Automotive Training Centre in Ado-Ekiti, Ekiti State. One of the 21 earmarked for the six geopolitical zones of the country, the Ekiti center was commissioned on Friday by the Minister of Industry Trade and Investment, Otunba Niyi Adebayo, who was…
In less than six weeks to the end of his tenure, President Muhammadu Buhari has approved new Import Adjustment Tax (IAT) levy on certain categories of new and used vehicles imported into the country. The new taxes, which take effect from June 1, 2023, a day after the end of Buhari’s administration, was contained in…
Dr Samuel Onyeka, an insurance consultant, has backed the upward review of the third-party motor insurance premium by the National Insurance Commission (NAICOM). Onyeka, the Director, Transparent Protection Ltd. (TPL)/Gte, a Non-Governmental Organisation (NGO), said that the review would help curb fake insurance and facilitate claims payment by insurance companies. It would be recalled that…
FEMI OWOEYE with reports from ROTIMI ASHER and WALE RAHEEM Most motorists, who pay for the annual third party insurance policy in Nigeria are uninterested in approaching insurance companies for claims, when involved in an accident, Motoring World’s investigation has revealed. In a random interview with 822 private and commercial motorists in Lagos, Ogun and…
