- Hilux, Ranger Battle for Pickup of The Year
The old rivalry between Toyota Hilux and Ford Ranger for the juicy pickup market in Nigeria has come up again as both products have been nominated for the 2016 pickup of the year.
Mitsubishi L200 is another pickup shortlisted in the category, which analysts expect to be one of the mostly keenly contested segments of the annual auto award.
Toyota, Ford and Mitsubishi have through their representatives in Nigeria said on a number of occasions that the pickup is a large market, which they cannot afford to toy with.
The Nigeria Police Force, the Federal Road Safety Corps and para-military groups, state traffic agencies and other organisations (government and private) mostly use the pickups as operational/patrol vehicles.
The rivalry between Hilux and Ranger transcends Nigeria. In other markets in Europe, America and Asia, the shares of the two brands are remarkably high, going by their overall vehicle sale figures.
They have consistently remained at the top of vehicle sale charts of many countries in the pickup segment.
In Nigeria, Hilux and Ranger were nominated for pickup of the year in 2015 edition of the auto award organised in Nigeria by Naja.
While Toyota Hilux emerged the winner in 2015, the Ranger won the prize in 2014, ahead of other contenders.
Providing some of the striking features of the Hilux, Toyota Nigeria Limited says the strength of the vehicle lies in the vast volume of data Toyota has amassed in years of building reliable and rugged pickups.
Hilux range is available in two-wheel drive/4WD single and double cabins and petrol and diesel engines, it says.
The firm says, “All models feature a laser-welded high-tensile steel body and chassis that has been subjected to exhaustive CAE simulation resulting in light weight with excellent torsional rigidity for precise handling.”
The Hilux has high-integrity cabin that protects its occupants and ensures the doors function normally after a collision to facilitate escape or rescue efforts.
Its other safety features include front and rear three-point ELR seatbelts, headrests, and an energy-absorbing steering column that contributes to the driver’s protection in a frontal collision.
Ford says its new Ranger pickup offers customers’ improved fuel efficiency, a bold new design and cutting-edge technologies.
According to the automaker, the Ford Ranger remains one of the most capable and versatile trucks in its class as customers can choose from three body styles: two-door Regular Cab, Super Cab with additional rear-hinged doors accessing second-row seating, and four-door Double Cab.
The Vice-President, Marketing, Ford of Europe, Roelant de Waard, said, “With the stunning new Wildtrak at the pinnacle of the line-up, the new Ford Ranger provides customers with an unbeatable combination of four-wheel drive capability, stand-out styling and premium features like SYNC 2 connectivity.”
The L200 is considered one of the Mitsubishi’s long-time global best-sellers. Designed as an ultimate Sport Utility Truck, the manufacturer says the vehicle combines the comfortable interior of a passenger car with the functionality and reliability of a pickup.
CFAO Motors says the new L200 is built to handle all kinds of terrain, adding that it achieves high levels of safety performance through its durable and sturdy chassis and frame structures along with its impact safety body.
The all-new L200 is available in single cab and double cab variants, with a three-engine line-up.
The all-new L200 also delivers quietness and ride comfort on a par with a passenger car, thanks to a new engine, optimisation of the suspension, the strategic placement of sound insulation, absorption and vibration damping materials.
Meanwhile, the organisers of the auto event say the programme will hold in Lagos on November 24, which will feature about 25 categories drawn from the automotive industry and ancillary sectors.
Tanker Drivers Suspend Strike as NNPC and DSS Intervene
NARTO Called Off Strike as NNPC and DSS Intervene
The Nigerian Association of Road Transport Owners (NARTO) on Tuesday said it has called off its two-day warning strike that began on Tuesday.
On Monday NARTO had directed all its members to halt operations following the new policy of the federal government that restricted truck above 45,000 litres from plying Nigerian road.
The National President of the association, Yusuf Othman, said the directive was sudden with little to no time for affected tanker drivers to make adjustments.
However, on Tuesday in Abuja, Othman said the association had to call off the strike following the intervention of the Nigerian National Petroleum Corporation and the Department of State Services.
He said “Yesterday (Monday), following an emergency meeting of the National Executive Council of our association, it was resolved that transport owners would park their trucks from 22nd to 23rd September, 2020.
“This was in protest of the Federal Government’s decision to ban all trucks of over 45,000 litres capacity from loading petroleum products from all depots throughout the country.”
He added, “However, following the intervention of the Group Managing Director of NNPC and the Director-General of the DSS, we are hereby directing all our members to resume operation nationwide.
“This is a directive that we revert to status quo until January 2021 to allow for wider consultation.”
NARTO president said the association now await peaceful resolution and hope that the agreed time would be enough for affected members to re-engineer their trucks in accordance with the 45,000 litres directive.
FG to Boost Foreign Revenue Through Methylformate Production
FG to Enhance Methylformate Production
The Federal Government has started unlocking domestic capacity to up foreign revenue generation and deepen domestic productions through various means including enhancing the production of methylformate.
The Minister of Environment, Dr. Mohammad Abubakar, disclosed this during the inauguration of Systems House of Vitapur Nigeria Limited on Tuesday in Ikeja.
He said the Federal Government was committed to improving the nation’s foreign reserves by unlocking domestic capacity in methylformate productions.
Speaking further he said domestic capacity in methylformate would help in phasing out ozone depleting substances and mitigate climate change, adding that such technological innovation also has potential to enhance Nigeria’s foreign revenue generation, among others.
According to him, such domestic production have advantages, including availability of ozone-friendly and low global potential blowing agents in the production of rigid foam, generation of forex for the country from export of methylformate and forex savings from local production, building of local capacity in the formulation of methylformate-based systems and consequently generation of employment and wealth.
“The methylformate systems will serve as source of raw material to ice making machine manufacturers. The project will lead to increased capacity utilisation in enterprises that will be using the methylformate being produced by Vitapur,” Abubakar said.
He reiterated the commitment of the government towards creating enabling environment that will enhance the global competitiveness of manufacturers, especially through fiscal incentives.
N-Power Beneficiaries Receives N13.3bn in Kwara State
NPower Beneficiaries in Kwara States Received N13.3bn
The National Social Investment Programme (NSIP) has said N-power beneficiaries in Kwara State received a total sum of N13.3 billion.
The amount was paid to 15,246 beneficiaries from both batches A and B that exited the programme.
Hajia Bashirah Abdulrazaq, the Focal Person of the programme in the state, said batch A beneficiaries were paid N7.4 billion for the 42 months period they were engaged.
She said batch B beneficiaries who were engaged for about 24 months received a total sum of N5.7 billion.
“Non-graduates received the sum of N10,000 every month and were engaged for a period of 24 months with a total sum of over N24 million spent,” she added.
Abdulrazaq also said Kwara state government had created a replica of the empowerment programme, codenamed K-power, in order to support beneficiaries after exiting the N-power programme.
She said around 10,000 of N-power beneficiaries benefited from “trader moni’ programme in the state with over N1.3 billion disbursed to them.
She, however, said the people are not willing to repay the loan.
Said she: “Poor masses are not ready to repay the loan after collection because of the attitude of Nigerian to anything from the government thinking it is national cake. Also, those that disbursed the money do not have records of beneficiaries like phone numbers and addresses. Thus, making it difficult to track them for repayment.
“The programme is designed to provide soft loans to boost small scale businesses in the markets which Vice President Yemi Osinbajo flagged off sometime last year to support women with N10,000 as soft loans to
be paid back and then enjoy the next stage of N50,000.
“Unfortunately, many beneficiaries didn’t pay back or the channel for payment was not identified, therefore, beneficiaries could not fulfill their pledges. Though, the component is going through restructuring to
seeing it achieves its objectives,” she said.
Business2 months ago
Nneka Ede Purchases Portuguese Football Club, Lusitano Ginasio Clube
News3 months ago
British High Commission to Start Accepting Visa Applications From Nigerians Soon
Business3 months ago
Seplat Appoints Emeka Onwuka as CFO, Executive Director
Forex3 months ago
Naira-USD Exchange Rate to Hit N430 – Report
Finance3 months ago
DSS Arrests EFCC, Acting Chairman, Magu
Government3 months ago
FG Puts School Resumption Plan on Hold as COVID-19 Cases Hit 30,000
Forex3 months ago
Naira Declines Against Pound, Euro After Devaluation
Business3 months ago
TAJBank Joins e-Commerce Giants- Launches Nigeria’s 1st Ethical Online Mall