Day: 16 July 2024

Auto assemblers and stakeholders in the automotive industry have called on the federal government to incorporate a provision compelling Ministries, Departments and Agencies (MDAs) to buy made-in-Nigeria vehicles in the National Auto Industry Development Plan (NAIDP) Bill. In the same vein, President Bola Ahmed Tinubu has been urged to expedite action towards assenting to the …

Assemblers Seek Law On Compulsory Patronage Of Made-In-Nigeria Vehicles Read More »

The Nigerian Railway Corporation (NRC) yesterday disclosed that Nigeria will require at least $66 billion to effectively deliver the much-needed rail infrastructure nationwide. The Managing Director of the NRC, Fidet Okhiria, who spoke on Channels Television, advised the government to see the construction of rail lines as a social investment, rather than seeking immediate gains. …

NRC: Nigeria Needs $66bn to Effectively Deliver Rail Transport Infrastructure Nationwide Read More »

Aviation experts have raised the concern that paucity of funds is hindering aircraft maintenance, thereby reducing the number of operating aircraft on schedule service due to failure of airlines to pay for maintenance of their aircraft. It was learnt that capacity has dropped by 70 per cent, as the biggest carrier that hitherto operated about …

Experts: Paucity of Funds Hindering Aircraft Maintenance, May Impair Domestic Air Travel Read More »

Ibom Air is set to acquire additional Airbus A220-300 as part of “a strategic move to boost its capacity and meet growing demand for its services.” In October 2021, Ibom Air put in a firm order for 10 Airbus A220-300 aircraft, the first of which was delivered in November 2023. With demand for the airline’s …

Ibom acquires additional Airbus A220-300 to boost fleet expansion Read More »

 To boost growth of the automotive sector of the nation’s economy, the National Automotive Design and Development Council (NADDC), in collaboration with the Nigeria Auto Journalist Association (NAJA), on Thursday, in Lagos, held the Nigeria Automotive Industry Summit themed “Developing Nigeria’s Economy through the Nigerian Auto Industry.”  Speaking at the event, the NADDC Director General, …

NADDC Boss Projects Economic Growth Through Automotive Industry Read More »

The comfort and convenience pas­sengers derived riding in Lagos Ride (LAGRIDE) — an e-hailing taxi scheme operated by the Lagos State government is about to get better with the making of a new investment into the transport ini­tiative. Governor Babajide Sanwo-Olu, on Monday, supervised the signing of another joint venture partner­ship between a state-owned corpo­ration, …

Lagos, CIG Motors Sign Deal To Roll Out 5,000 New Smart Taxis Read More »