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Nigeria's lawmakers on Thursday approved the new government's first supplemental budget, which includes huge allocations for SUVs and houses for the president, his wife and other public officials ...
Under the new management PAN/DPAN will mainly assemble Chinese brands Chery and Higer using pre-produced parts. [23] 120 cars per day will be produced in a new production line, Greenfield. [1] [24] The most productive car manufacturer in 2022 would be the Lagosian Stallion Group, as it assembles 45,000 Volkswagen cars each year. [1]
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By Felix Onuah. ABUJA (Reuters) - Nigerian President Bola Tinubu has signed into law a $2.8 billion supplementary budget that includes funding for new bulletproof cars for himself and his wife ...
On 20 May 2022, Innoson presented its first "Keke". Kekes are three-wheeled motor vehicles and the main means of transport in Nigeria. They have so far been imported from the Far East and usually cost about 800,000 Naira or 1,600 Euros. Innoson announced a selling price of 500,000 Naira or 1,000 Euros.
Although Nigeria has one of the largest economies in Africa, its minimum wage is relatively low compared with other African countries. The government proposed a 100% increase of the minimum wage from ₦30,000 to ₦60,000, but the unions rejected this as "unsustainable" and demanded a larger increase. [2]
Nigeria’s transport network has expanded in recent years to accommodate a growing population. The transport and storage sector was valued at N2.6trn ($6.9bn) in current basic prices in 2020, down from N3trn ($8bn) in 2019, according to the National Bureau of Statistics (NBS). This was reflected in a lower contribution to GDP, at 1.8% in the ...
For the period of 2018–2021, €6,000,000 annually will be allocated towards the purchase of electric cars and conversion of petrol cars to E85 and gas. An individual registering a new electric car in the period 1.1.2018–30.11.2021 is eligible for a grant of €2,000, if the purchase price of the car is €50,000 or less. [56]