fbpx
Edit Content

Nigerian Automobile Manufacturers Solicits An Alliance With The Media Industry

Automobile Manufacturers

Automobile manufacturers in Nigeria are soliciting to have an alliance with the media. The aim, they said, is to make public the present occurrences, progress and vital issues of the automobile industry.   

Why The Automobile Manufacturers Seek Media Involvement

Mr. Tokunbo Aromolaran, Managing Director VON Automobile Nigeria Limited, revealed this at a media conference with reporters in Lagos. During the discourse, he stated that the media needs to disclose all of the happenings in the automobile industry. He, however, maintained that indigenous vehicle manufacturers are trying their best to supplement the government’s endeavor to change the narrative of imported automobiles to made in Nigeria vehicles.

Start Your Business in 30 Days Even If You Don't Have An Idea
Start Your Business in 30 Days Even If You Don’t Have An Idea

Mr. Aromolaran stated that there has been a breach in communication with regard to the activities and exploits of indigenous manufacturers like VON Automobile Nigeria Limited and Stallion Motors Nigeria Limited.

“The government should pay more attention to what local players in the industry are doing and stress the need for the media to showcase these developments to properly educate the public on the industry developments. The auto industry in Nigeria has been redefined by the current auto policy in the country but only partial success has been achieved in terms of implementation,” Mr. Aromolaran stated.

Essence of Fully Implementing the Auto Policy.

He summoned the government and investors to make sure the policy is executed completely, specifically with regard to tariff as this will aid the protection of indigenous automobile manufacturers, just like in the developed countries. South Africa, as an example, adopted an auto policy and slapped 112% tariff on imported cars in order to protect their indigenous manufacturers. The policy structure was enough to make vehicle manufacturers establish plants in South Africa. Presently, South Africa manufactures its own automobiles with the help of indigenous manpower.

Mr. Aromolaran is certain that the same feat can be achieved in Nigeria if the government resolves to execute the correct policies in the country. He recalled that between six and seven operating automobile manufacturing companies existed in the 70’s; they are presently either dilapidated or have relocated from Nigeria.

He believes the federal government can support indigenous automobile manufacturers via long term policies favourable to the automobile industry. He said an all-inclusive long term policy structure will have a significant impact on the country’s GDP resulting in economic growth.

“There is need to educate the government on the dangers of continuous importation of foreign manufactured cars. Developing the auto industry in Nigeria will make us stronger and help reduce unemployment and even make cars cheaper and affordable to many in Nigeria. The Nigerian Customs should up their game against smugglers in Nigeria in order to eliminate the undue competition posed by smuggled cars in Nigeria. We are not afraid to compete but we want fair competition,” Mr. Aromolaran stated.

LCV’s of Stallion Motors Nigeria.

Mr. Anjan Aditya, Head of Sales and Marketing, Commercial Vehicles of Stallion Motors Nigeria Limited and Mr. Uwem Udom, Head of Media and Communications, VON Automobile Nigeria Limited were also present at the discourse.

Mr. Anjan Aditya, said that the commercial vehicle category of Stallion Motors Nigeria has invented a series of inexpensive KY5 MINI and KY10 Light Commercial Vehicles (LCVs) to meet the increasing need of operational ONE-TON and TWO-TON payload vehicles.

These sort of vehicles, especially the popular brands, presently cost way more than what start-ups and upcoming small and medium-scale enterprises can afford.

 “The introduction of Stallion Motors low-priced KY5 MINI and KY10 branded cargo trucks is expected to stem the tide of incessant downtime, profit losses and accidents, resulting from the application of decrepit and unserviceable vehicles by emerging commercial ventures in the country. He said this range of cars were designed and manufactured in China by Chongqing Changan Kuayue Automobile Co. Limited popularly known as KYC. These payload Commercial Vehicles are being assembled locally by Nigerians at the Stallion franchise facility in Lagos,” Mr. Aditya stated.

Mr. Aditya said that due to the challenges of upcoming businesses, an analysis of enterprises in Nigeria was carried out to come up with remedies to their worst experiences.

According to him, it was realized that most of the upcoming businesses, popular enterprises inclusive, are overwhelmed by the failure to get inexpensive light commercial vehicles (LCV’s) and so they are forced to buy rickety vehicles that are prone to accidents and are always faulty, resulting in substantial loss of profits.

For the small and medium scale enterprises, the KY5 MINI and KY10 series of cargo vehicles are efficient and strong for start-ups. Mr. Aditya said that they will assist enterprises to recover their losses and also position them for an improved and gainful future.

KYC range of payloads are assembled, traded and serviced by the commercial vehicle segment of the Stallion Motors Nigeria. The payloads are available in their showrooms nationwide.

The Aim Of the National Automotive Policy

Go from idea to starting your business in 30 days
Go from idea to starting your business in 30 days

The thrust of the national automobile policy would be to guarantee the continued existence and progress of the Nigerian automobile industry using indigenous, human and material resources. With the intent of improving the industry’s quota to the nation’s economy, specifically regarding transportation of goods and individuals.

Entrepreneurship is a lonely journey, let us help you get through it with our services.

Share:

Facebook
Twitter
LinkedIn

Leave a Comment

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

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Business Registration

Most Popular

Join Entrepreneurs Family

No spam, only business insights and tips. 

Entrepreneurs Sign Up

Related Posts

Mistakes when filing annual returns

Common Mistakes to Avoid When Filing Annual Returns With CAC

Filing annual returns with the Corporate Affairs Commission (CAC) is a mandatory task for businesses in Nigeria. It confirms the operational status rather than the financial performance of the business. Yet, entrepreneurs often encounter pitfalls that can be easily avoided. What are the common mistakes business owners make when filing

Advantages of Filing Annual Returns

Advantages of Filing Annual Returns For Your Business In Nigeria

Filing annual returns is a crucial step for every business and it has many advantages. It’s not just about meeting a legal requirement—it’s a move that sets you up for long-term success. In this article, we’ll look at the advantages of filing annual returns, and why taking annual returns seriously

Filing annual returns

A Step-by-Step Guide To Filing Your Annual Returns in Nigeria

Filing annual returns is a critical legal requirement for every registered business in Nigeria. It’s not just about keeping your business in good standing; it’s about transparency and accountability to regulatory bodies like the Corporate Affairs Commission (CAC). The process can seem daunting, but it’s essential for maintaining your business’s

How to file annual returns

How to File Annual Returns for Businesses in Nigeria

Filing annual returns is a pivotal event in the corporate calendar of any Nigerian business. It is not just a legal formality; it’s a declaration of your company’s existence and an affirmation of its compliance with local business laws. In this article, we will look at how to file annual

Scroll to Top

Join Entrepreneurs Family!

Get access to FREE business insights and funding opportunities daily.

Entrepreneurs Sign Up