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Austrian Technologies Nigeria, a natural gas-powered vehicle manufacturer, has disclosed details of its full range of ECO-Green buses, some of which the company says are already in Nigeria.
The vehicle maker said its buses were built with European standards for critical climate and infrastructure and targeted at private and public transport operators in Nigeria, including schools and corporate organisations. A statement from the Chief Executive Officer of Austrian Technologies Nigeria Limited, Johann Rieger, said the bus range was built on a single platform and comprised 8.5m length (Marcopolo size) for 60 passengers; 10.5m for 80 passengers, 12m for 100 people, 12.8m for 110 passengers and 18m accommodating 160 passengers… More details through: https://punchng.com/austrian-company-launches-eco-green-buses-in-nigeria/
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Vehicles valued at no less than $4.4 billion (N1.8 trillion) were imported into Nigeria between October 2018 and September 2019, Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed, has said.
Zainab, represented by the Director, Technical Services, Hajiya Fatima Hayatu, stated this in Kano at a zonal sensitization programme on the National Vehicle Registry (VREG). Citing data by the National Bureau of Statistics (NBS), she also said between 2015 and 2020, Nigeria imported an average of 400,000 vehicles with eight per cent increase in import annually… More details through: https://dailytrust.com/nigeria-imports-n1-8tr-used-vehicles-in-12-months As the high import tariff regime aimed at discouraging imports and spurring local assembly failed to achieve its purpose, 500,000 units of used vehicles valued at N575billion ($1.15billion) have been ferried to Nigeria in one year.
The amount is 14.37 per cent of the $8billion spent on the importation of used vehicles into the country annually. This is coming as two terminals at Tin Can Island Port- Five Stars Logistics and Port and Terminal Multi-services Limited (PTML)-are expected to take delivery of 550 units of used vehicles this week… More details through: https://www.newtelegraphng.com/nigeria-u-s-used-vehicles-trade-hits-n575bn/ Some railway coaches, ramway locomotives, rolling stock and parts, tramway track fixtures and fittings, electro-mechanical traffic signaling equipment of all kinds valued at N122 billion ($249.4 million) have been purchased by Nigeria between 2019 and 2020 from China and the United States.
In 2019, the country took delivery of some of the equipment valued at $43.9 million, while imports increased to $205.5 million in 2020. According to data by the International Trade Statistics (ITS), the imports rose by 78.7 per cent within one year… More details through: https://www.newtelegraphng.com/u-s-china-deliver-n122bn-train-equipment-to-nigeria/ A Nigerian vehicle assembler is importing parts from China to build electric cars in the nation, undeterred by the chronic power shortage in Africa’s biggest economy.
Jet Motors, which assembles cars fit to traverse the nation’s potholed roads, is importing the power train of the vehicle from China’s Jing-Jin Electric Technologies Co., the battery from KeyPower, another Chinese firm, while the shock absorber is from Stellantis NV’s Jeep. Battery-powered vehicles are a novelty in Africa’s most populous country where only about a half of the residents have access to on-grid power supply and most homes and businesses go for days without electricity. Nigeria is able to supply just about a third of its installed capacity because of dilapidated transmission infrastructure. Jet has yet another challenge -- inadequate charging points… More details through: https://www.bloomberg.com/news/articles/2021-07-29/chinese-parts-help-jet-motors-assemble-first-ev-vans-in-nigeria Despite the ban on the use of motorcycles as a means of human transportation in major cities in Nigeria, foreign investors are still able to sniff untapped opportunities in Nigeria’s transport and motorcycle industry.
According to data from the National Bureau of Statistics (NBS), the motorcycles usually imported from India, China, Indonesia, and Japan contributed N416 billion to the total imports in 2020, this is however a 14 percent drop from the N486 billion it contributed in the same period of 2019. The drop may be attributed to the impact of the Coronavirus pandemic. In 2018, it achieved N204 billion, which represented an increase of 183 percent from the N72 billion realised in 2017; although data for the second quarter of 2017 was not available… More details through: https://businessday.ng/real-sector/article/foreign-manufacturers-look-to-tap-nigerias-153m-motorcycle-industry/ Piaggio Vehicles Pvt Ltd (PVPL), a 100 percent subsidiary of the Italian Piaggio Group and India’s leading manufacturer of small commercial vehicles has announced its distribution partnership with Bhojsons Group of Nigeria.
Bhojsons Group is a renowned conglomerate Headquartered in Lagos with diversified business interests in varied sectors spanning automobiles, fast-moving consumer goods, consumer durable goods, power solutions, packaging solutions, polymers, agricultural machinery, domestic machinery and infrastructural needs for the telecom industry. Through this partnership, Piaggio, the pioneer of 3 wheelers, aims to introduce a diverse product portfolio that includes passenger and cargo 3 wheelers under its flagship brand Ape’… More details through: https://www.sunnewsonline.com/piaggio-bhojsons-group-collaborate-to-distribute-ape-tricycles/ Governor Babajide Sanwo-Olu of Lagos State yesterday launched 400 mini and high-capacity buses in the First and Last Mile (FLM) bus scheme to connect various communities.
At the launch of 300 mini-buses, he noted that the initiative aims to take care of commuting the main transit corridors. The governor also commissioned newly acquired 100 High-Capacity BRT, City Buses into operation by the Lagos Bus Services Limited (LBSL)… More details through: https://dailytrust.com/sanwo-olu-launches-400-metro-buses The first electric car assembled in Nigeria by Sokoto-born Aliyu Jelani-led National Automotive Design and Development Council is the cynosure of all at the ongoing trade fair holding in Sokoto.
Jelani, an erstwhile America’s General Motors designer of 2004 Pontiac G6 and 2010 Chevrolet Volt is currently the Director-General of the National Automotive Design and Development Council… More details through: https://punchng.com/electric-car-debuts-at-sokoto-trade-fair/ More new cars were registered in Lagos last year, 2020, despite COVID-19 and the economic challenges it brought along. It would appear shocking, considering decline in incomes and the need for people to shore up their savings as the year turned out increasingly unpredictable…
More details through: https://businessday.ng/business-economy/article/lagosians-bought-more-cars-in-2020-despite-covid/ |
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