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In March, GAC, a Chinese automobile maker, signed an agreement with the Lagos State government to produce brand new cars. Lagos also signed another agreement with CIG Motors to set up an assembly plant in Lagos to start making environment-friendly cars. Just last Friday, the Chinese Ambassador to Nigeria, Mr Cui Jianchun, hailed the partnership between Nigeria and GAC Motors during the handover of some GAC vehicles to the Chinese diplomatic corps in Abuja. He said Nigeria has rich human resources, especially youths that GAC Motors can work with to make a difference. The General Manager, Commercial, GAC Motors in Nigeria, Mr Jubril Arogundade, described the company as the future of Nigeria’s industrialisation and economic growth, saying it would be setting up its plant in Nigeria within the next 18 months. ....
Nkiru Anumudu: Back and Better thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Stakeholders push for local auto assemblies to check smuggling guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.
The Federal Government may be losing half of its revenue from import duties on vehicles, as about 50 per cent of them come into the country, illegally. ....
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed. Photo: FACEBOOK/FEDERALMINISTRYOFFINANCE The Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed, says revenue distributed at Federation Account Allocation Committee (FAAC) is generated by Federal Government agencies. x The minister fielded questions from State House correspondents after the Federal Executive Council (FEC) meeting presided over by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa, Abuja. She faulted recent allegations by Gov. Godwin Obaseki of Edo that Central Bank of Nigeria (CBN) printed N60 billion in March to support federal allocation to states. The governor was also reported to have said that the economy was in dire condition due to huge debt burden. ....