₦airaland Forum

ArthurADM:
The Assembly Point is located at Volkswagen of Nigeria Complex at Ojo volks bus-stop, used by Stallion Group to assemble Nissan & Hyundai cars and also Ashok layland buses which are converted to SURE-P..... Come see for yourself, I work in the premises.

ba7man:
If people are not financially empowered, they won't buy. If the car companies don't sell in the right quantities, they pack up and leave.

A thriving economy is directly tied to the automobile industry. Nigeria's economy is being run aground for now.

Truckpusher:
These people are real the enemy of Nigeria.

thaneviller:
Hehehe....nissan did something that would boost their sales...its jonathan workin....bitch please

TBrownAuto:
More accident on Nigeria road the main problem with this will be standard control and safty they will not be resposible for any error during assmbly

ba7man:
The dwindling Federation, excess crude account and current exchange rate is a positive result of this diversification, right?

We keep hearing but the reality is always different.

Kindly tell us what other presidents before Jonathan did to diversify our economy away from Niger Delta oil revenue so we can reduce the impact of falling oil prices on our exchange rate.

theSpark:
Exactly the point I wanted to raise. Those cars must not be for domestic sales. Heck if Nigerians can not afford them they would be good for export = forex for us.

Banks to offer four-year car loans at 10% – Aganga

he Federal Government is to launch a car financing scheme involving both local and international banks by November.

This, according to Dr. Olusegun Aganga, Minister of Industry, Trade and Investment, will effectively put an end to the cash-and-carry mentality, while ensuring that many enjoy financing support in their desire to acquire new cars at cheaper cost.

Addressing newsmen on Thursday in Lagos on progress made in the government’s automotive policy, Aganga said the ongoing discussions involves ensuring that Nigerians get such loans at the rate of about 10 per cent, thereby reducing the cost significantly, over a four-year term.

“The Federal Government is not creating a pool of funds, but encouraging banks to buy-in, and we are working with them to reduce the interest rate and they have agreed. Government has brought the rate down close to about 10 per cent. The pool of funds can be as big as (the banks) want it, based on commercial consideration,” he added.

The Minister said the import duties for cars remain 35 per cent and no more.

Making clarifications, he said just as in the sugar industry, backward integration is ongoing in the automobile industry, following which global car manufacturing brands like Nissan, Peugeot Leyland, among others, have already started local assembly of their various brands.

He said, whereas the real duty is 35 per cent for those who have set up plants and are engaged in production in the country, auto dealers who have not invested in backward integration by acquiring land, and setting up their plants for manufacturing would be charged 70 per cent for importing new vehicles. The used vehicles, he explained, would remain at the rate of 35 per cent.

Aganga said the 14 vehicle assembly plant owners, under the new policy and to help meet the supply and demand gap in the meantime, would continue import new cars at 35 per cent. They would however pay zero duty when importing Completely Knocked Down (CKD) parts; while the first type of Semi-CKD is to attract five per cent duty; and the second grade- 10 per cent.

He said this brings the blended rate for the new, CDK and both classes of Semi-CKDs to about 20 per cent.

More from: http://dailyindependentnig.com/2014/07/banks-offer-four-year-car-loans-10-aganga/

ba7man:
Dollar is N215 now, No electricity, economy is going down d drain, people that couldn't afford new cars before are expected to magically buy them now.

atlwireles:
Nissan is the first vehicle manufacturer to build a car in Nigeria since the country introduced its new automotive policy.


Vehicle manufacturing companies have started building plants to make cars in Nigeria with Nissan being the first of its kind to achieve this.

“Nigeria has always been a very key market for us and I think it was a logical step to move towards. We are also building the Almera and the volumes are increasing on a daily basis. We are very pleased with the result we are getting out of the plants in Nigeria,” Mike Whitfield, managing director of Nissan South Africa told CNBC Africa.

Nissan Nigeria rolled out its first 'made-in-Nigeria' vehicles, marking a key milestone in the company's expansion plan, and gave a boost to Nigeria's automotive policy which aims to encourage local production of vehicles.

“Obviously, as one increases production levels it does produce the economics of sales and I think the process is a journey. Our objective as we continue to go forward is to improve the cost effectiveness of the vehicles manufactured in Nigeria.”

For this project to grow and improve and for the cost of these vehicles in Nigeria to be more affordable for the people, there is a need for more vehicles manufacturing companies. This will help the local industries to grow and provide better opportunity for the people by also creating job opportunities.

“First and foremost it is very important that we see as many manufacturers as possible moving and supporting the automobile policy because with that approach we will end up being able to grow the local component industry. There is an effect of that in not only job creation but also skill creation. From a Nissan objective, yes, it is our objective to move forward to ensure that we can produce a car in the Nigerian market that meets the need of the population and addresses the issue of affordability.”
http://www.cnbcafrica.com/news/western-africa/2014/09/08/nigeria-nissan-cars




https://www.automotiveworld.com/wp-content/uploads/2014/08/Nissan-Nigeria-2.jpg




[img]http://transformationwatch.files./2014/04/nissan-lagos-factory-patrol-sweet.jpg[/img]

ba7man:
Non of the posters above me can afford a brand new Nissan. #FACT.

lewis33:
If for close to six good tears innocent people were dying and little was done to solve the problem of boko haram not until now when they have political motive to achieve that prompted such decisive action to be taken. I think this calls for questioning the authorities. NIGERIANS CANT BE FOOLED WE ARE WISER AND WE CANT RISK ANOTHER FOUR YEARS OF IRRESPONSIBLE GOVERNMENT-FULL STOP

Image123:
14 substandard universities that only condition will make a parent desire such school for ward admission. Almajiri schools built with money from international community. Those are not tangible achievements.

Locapito:
your mumu no get part two.

MalcoImX:
Then you and Abati, Okupe, Omokri, etc. should've agreed with the Economist, and the Washington Post, and NY Times, and Aljazeera, and CNN, and BBC, and McCain, and Hillary, ... and ...and

MalcoImX:
But a hardline GEJ supporter, anonimi, is quoting Oyibo people wey say GEJ is likely to win. What do you say to that?

MalcoImX:
The will to do good covers that. That in itself is giving back.

Seun:
If it's true that GEJ's administration has done much to help farmers in the north, then it's a pity that it most likely won't affect their votes at all.

thinkdip:
mr man how much was a bag of rice before, I think 10,000 or so now u buy it for as less as 7000 or 5500 depending on ur choice, when last did u as a person encounter food scarcity since Jonathan became president? or u have forgotten how food scarcity occur in Nigeria like fuel before. mr ma u don't know anything. even a blind man who cant see has better cognisance than you

Rapidx:
This guy, Adeshina, embodies focus, hardwork, articulation and erudition. Is it an aberation to have his type preside over the affairs this useless country?

What on earth will make any sound mind tinker with the idea of having a Buhari replace a Jonathan, even at GEJ's level?

J12:
Sadly, the beneficiaries are abokís. Very bad they wont vote for GEJ.

YEMOYEMI:
Dumb

MalcoImX:
Dwelling on 'yes day. It's a new day brother, and there's repentance and forgiveness as part of life process.

olapluto:
Well, I do not know about Paris, but Buhari seems to be the prefered candidate of the British government, USA and French governments. This is very good positioning for when election results are coming out. EU observers already in the country.

akpanoka:
Jonathan Remains Likely Winner of Elections – Campbell 0
BY JUMOKE ON FEBRUARY 15, 2015 GOVERNMENT


www.nairaland.com/attachments/2126786_campbellseptember2009223x336_jpeg9a5d2d05dc29acad1884738d6e211341


Former United States’ ambassador to Nigeria, John Campbell has said that President Goodluck Jonathan remains the likely winner of the March 28 polls despite the strength of the opposition.

Campbell made this declaration in a new report published and released by the US’ Council on Foreign Relations.

The report titled Nigeria’s 2015 Presidential Election: Contingency Planning Memorandum Update,’ read “The APC is stronger than its predecessors (Action Congress of Nigeria and Congress for Progressives Change) and reflects a splintering of the political classes.

“The government’s inability to defeat Boko Haram, the economic hardships brought on by falling oil prices, and a growing public perception that the Jonathan administration is weak has fuelled support for the All Progressives Congress. Though the APC’s voter base is in the North, it enjoys support all over the country, unlike the opposition in 2011.

“It is uncertain whether any provisions will be made for voters in the three northern states placed under a state of emergency because of Boko Haram, as well as the estimated one million people displaced by the insurgency.

“These displaced voters would likely support Buhari and the APC; their exclusion would benefit Jonathan and the Peoples Democratic Party (PDP). Thus despite the strength of the opposition, Jonathan remains the likely—but not certain—winner.”


http://www.theheraldng.com/jonathan-remains-likely-winner-elections-campbell/?fb_ref=Default&fb_source=message

princeonx:
And what happen?

cuteboy2:
[size=14pt]LASG under the "wise" guidance of Tinubu has spent over N300 billion just to dualise an existing Lekki-Epe Expressway.
No sub-base work is done. They just scrap the shoulder to widen the road, put a median, build two toll gates, 2 foot bridges between Tinubu's Oriental hotel at Maroko and VGC, Ikota. They put stone-age round-abouts instead of flyovers at junctions, causing severe traffic jams. Rather than build flyovers, they put cheap roundabouts so they can siphon more cash into Tinubus pockets, and so they can have space to erect giant APC billboards with Ambode's face on them.

Eight ( years after Fashola assumed office, the road has not passed Ajah roundabout, a distance of less than 8 km. They people are suffering daily on this road. Innocent lives of hapless pedestrians are daily being cut short by people trying to cross this highway of death due to lack of foot bridges.

Since last year they have stopped work altogether on the road. The few rickety construction company's (HITECH) equipment have been removed from site. HITECH is another of the many companies Tinubu uses as fronts to siphon money from Lagos State.

*** WHEN WILL ALL THESE DECEPTION AND SOPHISTICATED CORRUPTION END? ****[/size]