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Manufacturers Fault Exclusion of Motorcycles from Automotive Policy



  • Manufacturers Fault Exclusion of Motorcycles from Automotive Policy

Motorcycle manufacturers under the aegis of Motorcycle Manufacturers Association of Nigeria have faulted the exclusion of motorcycles and tricycles from the National Automotive Industry Development Plan of 2013

MOMAN, a subsectoral group under the Motor Vehicle and Miscellaneous Assembly sectoral group of the Manufacturers Association of Nigeria made its position known during its Annual General Meeting held in Lagos recently.

While presenting a paper titled ‘Motorcycle Manufacturing: the Missing Link in the National Automotive Industry Development Plan, the Chairman, Boulos Enterprises Limited, Mr Robert Ugbaja, who was the guest speaker at the event, recalled that the automotive industry witnessed real growth in the 1970s and the 1980s and 150,000 cars were assembled locally every year until the collapse of the crude oil prices of the 1980s and the subsequent devaluation of the naira.

He said the NAIDP was one of the attempts made to revive the industry which collapsed following the naira depreciation and Structural Adjustment Programme of former President Ibrahim Babangida’s administration.

He pointed out that one of the major flaws contained in the 2013 NAIDP, introduced by former president Goodluck Jonathan was the omission of motorcycle manufacturing.

Ugbaja maintained that most economies with thriving automotive industries also had strong and deep-rooted motorcycle manufacturing subsector.

He said, “They built their automotive industries on solid motorcycle manufacturing foundation, which enabled them to start from basics in developing assembling and manufacturing skills while taking into account local developmental conditions.

“This approach also enabled the creation of local components manufacturing capacities and necessary supply chains which were later upgraded to meet the needs of evolving automotive industry. It became possible for such economies to migrate seamlessly from motorcycle to automobile manufacturing in a sustainable manner.”

He gave a few examples of companies that started with motorcycles to as Honda, Yamaha, Suzuki, Kawasaki in Japan; BMW in Germany, Harlwey Davidson in the United States of America, among others.

“In recent times, Asian countries such as Thailand, Indonesia and Vitenam are developing their domestic automotive industries by using the same strategy,” Ugbaja said, adding that it was doubtful if Nigeria’s automotive manufacturing efforts would succeed if this basic principle was ignored.

While speaking during the AGM, the Chairman of the association, Dr Hezekiah Adediji, said that the automotive policy should have been delayed for practitioners to start building capacity locally first.

He called on members to embark on backward integration and set up auxiliary industries manufacturing what members would need while supporting and patronising one another.

Also speaking, the Director General, MAN, Mr Segun Ajayi-Kadiri, said, “The advancement of this sector is very important to MAN as the industry is part of the growth strategy we envisage for the manufacturing sector.

“The advent of motorcycle assemblers has contributed significantly to the rise in the use of this mode of transportation in Nigeria with its attendant positive impact on the socio-economic life of the people.

“Motorcycles and tricycles have come with a host of value addition to the economy by creating business space for mechanics, spare parts dealers and local revenue generation sources through taxes, levies and licences.”

However, with the advantages also come risks, Ajayi-Kadiri said, adding that crimes, accidents, environmental pollution, flouting of traffic regulations and other societal ills had been associated with the increase of this means of mobility in the country.

“It therefore behoves your subsector to fashion out a communication strategy and line up activities to support the mitigation of these societal ills.

“This is a strategic move to redeem the good image of your sector and guarantee the continued survival of your businesses,” he said.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq,, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Goya Foods Takes Legal Action to Assert ‘Goya Olive Oil’ Trademark Ownership



Goya Foods

“Goya Olive Oil” trademark in Nigeria, Goya Foods Incorporated has initiated legal proceedings against the Registrar of Trademarks under the Federal Ministry of Trade and Investment.

The case, numbered FHC/ABJ/CS/883/2023, was brought before the Federal High Court in Abuja.

Goya Foods, a prominent producer and distributor of foods and beverages across the United States, Spanish-speaking countries, and Nigeria, seeks to enforce a longstanding consent judgment issued by the court in December 2006.

The judgment directed the Registrar to rectify the Trademarks Register to reflect Goya Foods Incorporated as the rightful owner of the “Goya Olive Oil” trademark, without any further formalities.

The lawsuit, exclusively revealed to sources, underscores Goya Foods’ determination to safeguard its intellectual property against alleged infringements.

According to court documents, Goya Foods obtained the consent judgment against Chikason Industries Limited, which was accused of marketing “Goya Olive Oil” in Nigeria, thus infringing on Goya Foods’ registered trademark.

Legal counsel for Goya Foods, Ade Adedeji, SAN, emphasized the necessity of rectifying the Trademarks Register to protect their trademark interests effectively.

Despite appeals to the Registrar, the requested rectification has not been implemented, prompting Goya Foods to escalate the matter through legal channels.

The case has been adjourned to September 27, 2024, for further proceedings, highlighting the complexity and significance of trademark disputes in the global marketplace.

Goya Foods remains committed to upholding its brand integrity and securing its proprietary interests amidst the evolving landscape of international trademark law.

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IOCs Accused of Blocking Direct Crude Sales to Dangote Refinery



Dangote Refinery

Dangote Industries Limited (DIL) has accused International Oil Companies (IOCs) of obstructing direct crude oil sales to its refinery and forcing the company to use costly middlemen.

This development comes after a statement by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) suggested a “willing buyer-willing seller” dynamic was in place as mandated by the Petroleum Industry Act (PIA).

Devakumar Edwin, Vice President of DIL, countered NUPRC CEO Gbenga Komolafe’s claims, stating that IOCs consistently make it difficult for local refiners by pushing sales through international trading arms, which inflate prices and bypass Nigerian laws.

“These middlemen earn unjustified margins on crude produced and consumed within Nigeria,” Edwin stated.

He noted that only one local producer, Sapetro, has sold directly to DIL, while others insist on using trading arms abroad.

Edwin detailed the financial impact, citing instances where DIL was charged a $2-$4 premium per barrel above the official price.

In April, DIL paid $96.23 per barrel for Bonga crude, which included significant premiums, compared to a much lower premium for West Texas Intermediate (WTI) crude.

While acknowledging NUPRC’s support in resolving some supply issues, Edwin urged the regulatory body to revisit pricing policies to ensure fair market practices.

“Market liquidity is essential for fair pricing. We hope NUPRC addresses these issues to prevent price gouging,” he stated.

This dispute highlights ongoing challenges in Nigeria’s oil sector, where domestic refiners struggle to secure local crude amidst complex market dynamics.

The outcome of these negotiations could significantly impact the refinery’s operations and broader industry practices.

The situation underscores the need for transparent and efficient crude supply systems to bolster Nigeria’s refining capacity and economic growth.

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Dangote’s $20 Billion Refinery to Begin Petrol Sales Next Month



Petrol - Investors King

Aliko Dangote announced on Monday that his long-awaited $20 billion refinery complex will commence petrol sales starting next month.

The announcement came during a press briefing held at the refinery site in Lagos, where Aliko Dangote, Africa’s richest man, detailed the project’s progress and future plans.

“We are proud to announce that the Dangote Refinery will begin selling petrol from August,” Dangote stated confidently.

“This milestone marks the culmination of years of meticulous planning, construction, and overcoming numerous challenges.”

Dangote’s refinery, touted as the largest single-train refinery in the world, is designed to process 650,000 barrels of crude oil per day once fully operational.

The facility aims to not only meet Nigeria’s domestic demand for refined petroleum products but also contribute significantly to export markets across West Africa.

“We have entered the steady-state production phase earlier this year, and now we are ready to begin commercial sales,” Dangote explained. “Initially, we will focus on petrol production, with plans to expand our product range as we ramp up to full capacity.”

The refinery’s launch is expected to alleviate Nigeria’s longstanding dependence on imported refined products, thereby boosting the country’s energy security and reducing foreign exchange outflows associated with fuel imports.

Beyond petrol sales, Dangote revealed ambitious plans to list both the refinery and its associated fertilizer plant on the Nigerian Exchange Group (NGX) by the first quarter of 2025.

This move aims to attract broader investor participation and unlock additional value for shareholders.

“We are committed to transparency and accountability in our operations,” Dangote emphasized. “Listing these subsidiaries on the NGX will not only strengthen our corporate governance framework but also enhance the refinery’s financial sustainability.”

Challenges and Future Prospects

Despite celebrating the imminent commencement of petrol sales, Dangote acknowledged challenges encountered during the project’s execution, including delays in securing land for a petrochemical facility in Ogun State, which incurred substantial costs.

“We faced bureaucratic hurdles that resulted in significant delays and financial losses,” Dangote lamented. “Nevertheless, we remain steadfast in our commitment to advancing Nigeria’s industrial capabilities and contributing to economic growth.”

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