When federal lawmakers mock local content act, EO by rejecting Nigerian cars
The recent blatant rejection of Nigerian made cars for official purpose by members of the House of Representatives, who have unfortunately resolved to acquire Toyota Camry 2020 model fas their utility vehicles, has further made mess of the government’s campaign…
Huge market, high middle class population key drivers of auto policy bill—Minister
The Minister of Industry Trade and Investment, Niyi Adebayo has given clear reasons why the ministry is working with the National Automotive Design and Development Council (NADDC) for the representation of the automotive bill to the National Assembly for consideration…
Is Hyundai setting up car plant in Nigeria to kill Innoson Motors?
More reactions have continued to trail this week’s romance and automatic ticket given to Korean auto giant, Hyundai Corporation by the presidency to establish car assembly plant in Nigeria. Whereas some Nigerians welcomed the development, many interpreted the offer as…
Innoson Motors set to adopt Nigeria designer’s new logo for products
Strong indications have emerged suggesting that in no distant time, leading indigenous car manufacturing giant, Innoson Vehicles Manufacturing (IVM) will change the logo of the products. Recall that before now, many have rained criticisms on the Innoson brand ranging from…
Why Anambra lawmakers rejected Toyota Prado, insist on Innoson Motors
It was interesting happenstance as lawmakers in the Anambra State House of Assembly Wednesday, rejected out rightly, move by the State Government to purchase foreign made Toyota Prado jeeps for them. Some of them who spoke to journalists on the…
Innoson Appeals bench warrant against him, advises GTBank to pay up
Following the issuance of bench warrant against the chairman of Innoson Motors, Chief Innocent Chukwuma by the Federal High Court Ikoyi Lagos, on Monday, June 24th 2019, he has not only viewed it as an abuse of process taken too…
What Innoson Motors needs now is support not judicial fireworks—Industrialist
The news of another bench warrant for arrest of Innoson Motors Chief Executive, Chief Innocent Chukwuma, has been received by leading manufacturers on Monday with anger and frustration. Recall that Justice Ayokunle Faji of a Federal High Court in Lagos…
FG buoys auto local content, procures 77 Pick-ups for FRSC from Innoson Motors
Federal Government of Nigeria, for the first time since the introduction of the current Auto Policy has put paid to its local content campaign following the procurement of about 77 new vehicles for Federal Road Safety Corps (FRSC) operations from…
Ownership confusion engulfs GTBank as Innoson Motors begins takeover?
Since Friday last week, versions of Supreme Court judgment interpretations have started flying between Guaranty Trust Bank Plc (GTBank) and leading indigenous vehicle manufacturing group, Innoson Nigeria Limited following the February 27, 2019 final ruling and a writ of Fifa…
NAIDP, NADDC to bring back relocated vehicle manufacturing companies—Aliyu
The Managing Director, National Automotive Design and Development Council (NADDC), Jelani Aliyu, has hinted that his Council is currently collaborating with the National Automotive Industrial Development Plan (NAIDP) to lure back leading vehicle manufacturing giants that had relocated from Nigeria…
