Business Hilights
Tracking Nigeria's Headline Business News Online

Advert space

Africa Tyre Village in Lagos International Trade fair complex ready for commissioning

All is set for the commissioning of the multi-billion naira tyre marketing plaza seating within the Lagos International trade fair complex, Lagos Badagry Expressway.

The event billed for April 25th and 26th, will start on the first day with the Lagos Tyre Conference alongside the official inauguration, while the second day would be the official opening of the tyre village for business.

The event will be rounded off with award presentations to notable individuals and organisations for their contributions to the safety, security and quality motoring on the country’s highways.

In an interview with the group’s president, elated Alhaji Issa Mohammed said “We are unveiling this market on the 25th and 26th April as the centre for quality tyres in Africa and Nigeria in particular. This occasion will provide the long awaited opportunity for all the stakeholders of the nation’s roads and motoring industry to come together and discuss the way forward in the fight against substandard tyre products.”

He revealed that the association is the umbrella body of more than 2,500 tyre marketers formerly operating at the Enu-Owa area of Idmota on Lagos Island.

In his remarks, the Vice President of the association, Okechukwu Ezeifeoma, said importers and manufacturers of tyres and other automobile products, transport firms, commercial bus and cab operators, banks and other corporate organisations would showcase their products at the Village.

He said every tyre ranging from heavy duty to even bicycles will be on display at the tyre Village.

Business Hilights recalls that Africa Tyre Village recently joined the league of leading trading plaza at the Trade fair complex. Already existing trading groups include Auto Spare Parts & machinery Dealers’ Association (ASPMDA), Balogun Business Association (BBA), Association of Progressive Traders (APT) and others.

The entire complex formally under a controversial concession deal with Aulic Nigeria Limited is now in the hands of the Trade Fair Management Board (TFMB), a department in the Ministry of Commerce, Trade and Investment.

There are however, indications that plans are on for fresh concessioning of the complex following the sack of Aulic by the National Council on Privatisation (NCP) on grounds of poor management and refusal to make statutory returns to the government.