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Nigerian Government Adopts NADIP Plan, to Increase Local Production And Promotion of Electric Vehicles

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The federal government of Nigeria has adopted the National Automotive Industry Development Plan (NADIP) to increase local production and promotion of electric vehicles in the country by 2033.

Announcing this is Nigeria’s Trade and Investment Minister Otunba Adeniyi Adebayo, who said that the policy is aimed at enabling the increase in the production of local vehicles in the country with a target of 40% locally made vehicles and 30% locally produced electric vehicles (EVs).

He further added there will be enforced patronage of locally produced vehicles by the government while noting that the policy will also lead to a significant increase in the generation of millions of jobs for unemployed youths.

Recall that earlier this month, the Nigerian Government announced the approval of the Nigeria investment policy, and the adoption of a new National Automotive Industry Development Plan (NADIP) from 2023 to 2033, aimed at enabling the exponential increase in local production numbers of vehicles.

The government disclosed that the 2023-2033 automotive development plan, will enable Nigerians to migrate seamlessly from combustible engines into electric solar-powered engines. Notably, the Nigerian government revealed that its vehicle production industry recorded over $1 billion worth of investments last year.

Investors King understands that in August last year, the federal government of Nigeria entered into an agreement with Israeli, Japanese, and Nigerian companies to commence assembling and manufacturing environmentally friendly, green, electric, and smart automobiles by 2023.

It is understood that the new NAIDP plan would provide outstanding competitive fiscal and non-fiscal incentives to automotive industry manufacturers/ producers, investors, developers, and all relevant stakeholders. Experts disclose that local car manufacturers in Nigeria such as Innoson Motors, Stallion Motors, and several others will significantly gain from this policy.

While the main issue with electric vehicles has neither been the price nor the road, but the concern of where to charge them, considering the hours of electricity needed to keep the vehicle running.

It is interesting to note that the National Automotive Design and Development Council (NADDC) last year September, initiated an electric vehicle pilot program, which saw it collaborate with the Stallion Group, European Union, and other stakeholders to roll out 100 solar-powered electric vehicle charging stations across the country.

Reports reveal that interest in driving Electric vehicles (EV) has surged over the years despite doubts about whether it is viable for the Nigerian market especially due to electricity supply challenges and terrible road networks.

On the global level, for many developed countries, the switch from fossil fuel to cleaner and renewable sources of energy is ongoing, as there is massive adoption of EV vehicles. As transportation remains important in driving economies, electric vehicles are gradually taking center stage, with eco-friendly technology designed to reduce man’s dependence on fossil fuels.

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Telecommunications

Nigeria to Expand Internet Access with 90,000km of Fibre Optic Cable

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In a bid to bridge the digital divide and enhance internet accessibility across Nigeria, the Federal Government has approved an initiative to expand the country’s internet infrastructure by laying an additional 90,000 kilometers of fiber optic cable.

The announcement was made by the Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, who said the project will bolster national connectivity and optimize the utilization of existing submarine cables landed in Nigeria.

Tijani explained that the project will increase Nigeria’s fiber optic cable capacity from the current 35,000 kilometers to 125,000 kilometers.

This expansion positions Nigeria to become the third-largest terrestrial fiber optic backbone in Africa, trailing behind South Africa and Egypt.

The project will be overseen by a special purpose vehicle (SPV), a separate legal entity established to manage the implementation, finances, and operations of the fiber optics initiative.

Drawing inspiration from successful public-private partnership models like the Nigeria Inter-Bank Settlement System Plc (NIBSS) and Nigeria LNG Limited (NLNG), the SPV will ensure efficient governance and operations.

According to Tijani, the extensive fiber optic coverage will enable Nigeria to leverage the benefits of its eight submarine cables more effectively, thereby driving increased utilization of data capacity beyond the current 10 percent usage rate.

Moreover, the enhanced connectivity will facilitate the connection of over 200,000 educational, healthcare, and social institutions across the country, promoting inclusivity and broadening access to internet services.

The minister said the project aims to address the digital exclusion of approximately 50 percent of the 33 million Nigerians currently without internet access.

By expanding internet connectivity, the initiative is poised to contribute significantly to the country’s economic growth, with projected GDP growth of up to 1.5 percent per capita over the next four years.

Last week, a report by the Groupe Special Mobile Association revealed that 71 percent of Nigerians lack regular access to mobile internet.

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Biden Set to Quadruple Tariffs on Chinese Electric Vehicles in Defense of American Workers

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Electric car

President Joe Biden is preparing to quadruple tariffs on Chinese electric vehicles (EVs) as part of a broader strategy aimed at safeguarding American workers and industries.

The decision, expected to be announced imminently, reflects the Biden administration’s commitment to confronting perceived unfair trade practices and protecting domestic interests.

According to sources familiar with the matter, speaking on condition of anonymity due to the sensitivity of ongoing negotiations, the Biden administration will unveil measures to significantly increase tariffs on Chinese EVs and other key sectors.

The total tariff on Chinese electric vehicles is set to soar from 27.5% to 102.5%, marking a substantial escalation in trade barriers.

The impending tariff hike comes after nearly two years of review and deliberation, during which the Biden administration scrutinized the economic implications and strategic importance of various industries.

The decision to quadruple tariffs underscores the administration’s determination to address what it perceives as unfair trade practices that undermine American competitiveness and jeopardize vital sectors.

President Biden and his advisors have meticulously crafted the tariff measures, balancing the imperative to protect American industries with the need to avoid disruptions to the supply chain.

While specific details of the tariff adjustments remain undisclosed, the overarching objective is clear: to shield American workers from unfair competition and bolster domestic manufacturing capabilities.

The 2024 presidential race looms large over the flagship announcement, as Biden seeks to differentiate his approach to trade policy from that of his predecessor, Donald Trump.

While Biden is poised to largely renew Trump’s original tariffs, he aims to strike a delicate balance, eschewing widespread hikes that could trigger retaliatory measures and exacerbate global economic tensions.

The decision to quadruple tariffs on Chinese electric vehicles is not without its critics and potential repercussions.

Some industry observers warn of potential disruptions to supply chains and increased costs for consumers, while others question the effectiveness of tariffs as a tool for achieving broader economic objectives.

Nevertheless, the Biden administration remains steadfast in its commitment to protecting American interests and promoting fair and reciprocal trade practices.

By quadrupling tariffs on Chinese electric vehicles, President Biden sends a clear message that the United States will vigorously defend its industries against perceived threats and ensure a level playing field for domestic businesses.

As the announcement of the tariff escalation draws near, stakeholders across industries are closely monitoring developments and assessing the potential implications for their operations. With tensions between the United States and China showing no signs of abating, the Biden administration’s tariff measures are likely to further shape the dynamics of global trade and economic relations in the coming months.

Only time will tell how China will respond to the Biden administration’s tariff escalation and whether it will impact broader efforts to foster constructive dialogue and cooperation between the world’s two largest economies. For now, the stage is set for a renewed intensification of trade tensions, with the fate of American workers and industries hanging in the balance.

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ChatGPT Integration Set to Redefine iPhone User Interaction

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ChatGPT

Apple Inc. is reportedly finalizing an agreement with OpenAI to integrate the startup’s ChatGPT technology into its upcoming iOS 18 operating system.

This strategic partnership signals Apple’s deepening commitment to infusing artificial intelligence (AI) features into its flagship devices, promising a significant evolution in user experience.

According to sources familiar with the matter, who requested anonymity due to the confidentiality of ongoing negotiations, Apple and OpenAI have been ironing out the terms of the pact, aiming to seamlessly integrate ChatGPT capabilities directly into the iOS ecosystem.

ChatGPT, renowned for its advanced natural language processing and conversational abilities, stands poised to revolutionize how iPhone users interact with their devices.

The inclusion of ChatGPT in iOS 18 heralds a new era of intuitive and personalized interactions for Apple device users.

Leveraging the power of AI, ChatGPT enables natural language understanding, enabling users to engage in more fluid and contextually relevant conversations with their iPhones.

From answering queries and providing recommendations to offering assistance with tasks and even engaging in casual conversation, ChatGPT’s integration promises to elevate the iPhone’s functionality to unprecedented levels.

Apple’s move to integrate ChatGPT into its operating system comes amid a broader industry trend towards embedding AI-driven features into consumer electronics.

With competition intensifying in the AI space, Apple aims to fortify its position by leveraging cutting-edge technologies to enhance user experiences across its product ecosystem.

The impending announcement of ChatGPT integration underscores Apple’s strategic focus on AI innovation, a vision championed by CEO Tim Cook.

Cook, who has previously acknowledged using OpenAI’s ChatGPT, has emphasized the company’s commitment to deploying AI features thoughtfully and responsibly.

The forthcoming Worldwide Developers Conference (WWDC), slated for next month, is expected to serve as the stage for Apple’s grand unveiling of its latest AI-driven initiatives.

With rumors swirling about a flurry of new AI features poised to debut at the event, anticipation is mounting among tech enthusiasts eager to witness the next evolution of iPhone capabilities.

While the partnership between Apple and OpenAI represents a significant step forward in AI integration, challenges and concerns remain.

Chief among them are privacy considerations and ensuring that AI technologies are deployed in a manner that prioritizes user consent and data security.

As Apple prepares to usher in a new era of iPhone user interaction powered by ChatGPT, the tech world eagerly awaits the transformative impact of this landmark integration.

With the convergence of cutting-edge AI and Apple’s signature hardware-software integration, the stage is set for a revolution in how we engage with our devices.

Only time will tell how ChatGPT’s integration will redefine the iPhone experience, but one thing is certain: the future of smartphone interaction has never looked more promising.

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