Connect with us

business

Chinese Automobile, Changan, Targets Nigeria for Latest SUVs

With the recent ban on importation of used vehicles through the land borders in Nigeria, Chinese automobile manufacturer, Changan Automobile (Group) Co. Limited has unleashed their CS75 SUV.

Changan recently movined their motor assembly plant to Lagos.

Nigeria is however considered the biggest market in Africa with about 11.7 million vehicles estimated to be in the country and about 6.8 million of these being commercial vehicles.

Changan’s move comes within the space that despite automobile companies investing a whooping ₦2 trillion to build assembly plants in Nigeria yet there has been no ROI – Returns On Investment so far.

Also, Changan now joins the likes of JAC, King Long amongst others in the Nigerian market which implies that more companies are beginning to target Nigeria’s large population for investment, and job creation in the manufacturing sector.

Total Page Visits: 129 - Today Page Visits: 1
READ  Online Business Ideas You Can Start TODAY!!!
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

business

How Nigeria Can Attain Sustainable and Inclusive Growth – Dangote

Billionaire businessman Aliko Dangote has identified what Nigeria needs to drive sustainable and inclusive growth.

Dangote, who is Africa’s richest man, said this via a poat on his twitter handle on Friday.

He said, “Nigeria has one of the largest domestic markets with a population of over 200 million people.

“We need to drive sustainable and inclusive growth through industrialization, economic diversification and import substitution, creating jobs and driving economic prosperity.”

Dangote had on Wednesday aired his views about the Nigerian economy at a Roundtable session with the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, with the theme “Going for Growth 2.0.”

He said when he read that the Nigerian Customs collected N1.35trn import duties last year, it means the economy isn’t working.

“If the economy is working, the Customs shouldn’t collect that much money, it is the Federal Inland Revenue Service (FIRS) that should,” he said.

Total Page Visits: 129 - Today Page Visits: 1
READ  Nigeria will start exporting rice soon – Dangote
Continue Reading

business

Airbus and Green Africa announce strategic Partnership for 50 A220 Aircraft

Green Africa Airways, Nigeria’s Lagos-based airline, has signed a Memorandum of Understanding (MoU) for 50 A220-300 aircraft, one of the major orders to be placed globally for the A220 programme and the largest ever from the African continent.

Babawande Afolabi, Founder and CEO of Green Africa Airways said the Green Africa story is a story of entrepreneurial boldness, strategic foresight and an unwavering commitment to using the power of air travel to create a better future.

Airbus Chief Commercial Officer Christian Scherer optimistic about the partnership, said the unique characteristics of the A220 will allow the airline to unlock destinations and route pairs that previously would have been considered non-viable.

The A220 is the only aircraft purpose-built for the 100-150 seat market; it delivers unbeatable fuel efficiency and widebody passenger comfort in a single-aisle aircraft.

Total Page Visits: 129 - Today Page Visits: 1
READ  Border Closure: Nigeria Must Get it Right Now
Continue Reading
Advertisement

Facebook

Ads

Trending

x