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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.
Automotive industry in Nigeria dates back to the 1950s and consists of the production of passenger cars and commercial trucks. [2] Early production was led by the assembly line of Bedford TJ trucks made by United Africa Company 's subsidiary, Federated Motors Industries and SCOA's production of Peugeot 404 pickup trucks .
Nyayo Car (1986) [5] Morocco. Laraki (1999) Société Automobiles Ménara (1972) Somaca (1959) Nigeria. Innoson Vehicle Manufacturing [6] (2013) Mikano Automobile;
Since 2019, Jiji has been operating in five African countries: Nigeria, Kenya, Ghana, Uganda, and Tanzania after buying OLX Africa. [citation needed] In 2020, the company launched website and app in Ethiopia. In June 2021, Jiji has acquired an automotive company Cars45 in Nigeria, Kenya, and Ghana. [13] [14]
The Izuogu Z-600 prototype was the first indigenous Nigerian car, and the first automobile of indigenous all-African technology. It was the brainchild of engineer Ezekiel Izuogu. [ 1 ] Launched in 1997, the car caused a stir in the Nigerian media, and was touted by the then Nigerian chief of Staff General Oladipo Diya .
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 ...
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In Nigeria, the Tokunbo market signifies the place where different kinds of used items such as electronics, cars, and domestic goods are sold. [ 2 ] These products are popular among the lower-middle class who cannot afford new cars often called Tear Rubber [ 3 ] [ 4 ]