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Nigerians react as Anambra lawmakers reject Prado SUVs for Innoson SUVs

Innoson Vehicles has been trending on Twitter since morning after Anambra lawmakers rejected Toyota Prado SUVs meant for them.

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Innoson Vehicles, Nigerians are enraged as lawmakers reject Innoson cars for latest Toyota Camry 

Nigeria’s Innoson Vehicles has been trending on Twitter since morning, as Nigerians react to media reports that lawmakers in Anambra State collectively rejected brand new Toyota Prado SUVs that were intended for them. The lawmakers asked for locally assembled Innoson SUVs instead.

The Anambra State Government reportedly planned to expend as much as N1 billion for the purchase of SUVs which it intends to distribute among the lawmakers in a bid to facilitate the effective discharge of their duties.

 

Why the lawmakers rejected Prado: However, upon deliberation on the matter, the lawmakers rejected the vehicles partly because of the high cost of purchasing them. According to them, Toyota Prado SUVs are costlier than Innoson SUVs. In other words, it would have cost the state government less to patronise the Nigerian auto assembler which is, surprisingly, based in Nnewi, Anambra.

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A case for made-in-Nigeria: The lawmakers also called out Governor Willie Obiano for overlooking Innosson Vehicles in the first place. For them, there is no better way to encourage Made-in-Nigeria than patronising Nigerian investors. They want Governor Obiano and other state governors to come to this realisation.

Nigerians on Twitter agree: Many Nigerians have expressed the same sentiments as did the Nigeria lawmakers. Yussuff Azeez said this is a commendable development, as it is indicative of the people’s willingness to grow the economy.

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Charles Eyo also agreed that this is a good development. According to him, government officials should really be compelled to patronise Innoson Vehicles. It is only fair, he said. After all, the Government has banned Nigerians from eating imported rice.

 

Meanwhile, some people also used the occasion to drag Governor Obiano across social media. One Twitter user questioned the governor’s leadership skill, suggesting that he should have been the one leading by example by patronising Innoson instead of Prado.

https://twitter.com/Shawn_fendi/status/1176747568782598144

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Uchenna Aomine even implied that the Governor has a personal problem with Innoson. After all, his predecessor, Peter Obi, was a fervent customer of the local car assembler.

Note that this is not the first time Innoson Vehicles is trending because a state governor overlooked the Nigerian company to patronise a foreign car brand. Recall that Nairametrics reported in August that Nigerians were angry with Imo State Governor, Emeka Ihedioha, for snubbing Innoson when it purchased hundreds of trucks from Ford Motor Company.

[READ: Irate Nigerians drag Imo State Governor for snubbing Innoson Vehicles]

Emmanuel is a professional writer and business journalist, with interests covering Banking & Finance, Mergers and Acquisitions, Corporate Profiles, Brand Communication, Fintech, and MSMEs. He initially joined Nairametrics as an all-round Business Analyst, but later began focusing on and covering the financial services sector. He has also held various leadership roles, including Senior Editor, QAQC Lead, and Deputy Managing Editor. Emmanuel holds an M.Sc in International Relations from the University of Ibadan, graduating with Distinction. He also graduated with a Second Class Honours (Upper Division) from the Department of Philosophy & Logic, University of Ibadan. If you have a scoop for him, you may contact him via his email- [email protected] You may also contact him through various social media platforms, preferably LinkedIn and Twitter.

1 Comment

1 Comment

  1. Muhammad

    September 25, 2019 at 10:17 pm

    A good move, but innosons should also upgrade there design of vehicle . in other to attract people.

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Business

Fire guts fuel tanker, vehicles at Anthony, Lagos

The tanker conveying PMS lost control while in motion and subsequently fell sideways.

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NNPC reacts to Lagos pipeline explosion

There is a fire outbreak, which has gutted a fuel tanker, at Anthony inward Gbagada, Lagos State.

This was disclosed by the Federal Fire Service via its Twitter handle on Friday evening. The incident, which occurred around 10 pm, has razed at least two vehicles.

The agency urged road users to avoid the area and take alternative routes.

Also, the Director-General of the Lagos State Emergency Agency, Dr Olufemi Oke-Osanyintolu, confirmed the incident.

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He said, “The Agency responded to distress calls and upon arrival at the scene of incident, it was discovered that a tanker with unknown registration number conveying PMS lost control while in motion and subsequently fell sideways.

“This led to an explosion in which two unidentified vehicles were burnt.”

A joint team of responders led by the Federal Fire Service, LASEMA, LASG fire service, LRU fire unit, Nigeria Police and LASTMA are working together to curb the inferno from escalating further.

Details soon …

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Business

Nigeria among countries to be worst hit by food crisis globally

Nigeria, others were listed as countries with the worst deteriorations in acute hunger in recent months.

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7 million Nigerians to experience food shortage

Nigeria has emerged as one of the countries to be most hit by food crisis across the globe in the face of the coronavirus pandemic which had worsened the already bad situation.

This disclosure is contained in a report by the United Nation’s Food and Agriculture Organization (FAO).

The report from the FAO also shows that the Democratic Republic of Congo is emerging as the country with the world’s largest food crisis in terms of absolute numbers, with Burkina Faso listed as the country with the worst deteriorations in acute hunger in recent months.

The food crisis is made worse in Nigeria by the longstanding religious and ethnic conflicts and even organized crimes by some bandits, which has greatly affected farmers working on their farmlands.

In addition to these, the farmers were already contending with the issue of flooding or drought, which has negatively been impacting on the agricultural sector in a period the country is desperate and very desirous of economic diversification. The coronavirus pandemic has triggered a surge in food prices as can be seen in the reports released by the National Bureau of Statistics (NBS), in a country that imports over 10% of its food supply.

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With a population of over 200 million people, Nigeria is the most populous country in Africa, which is regarded as the world’s most food-insecure continent. This is made worse as importers of food items struggle to gain access to dollars for their imports due to scarcity of foreign exchange which is triggered by the crash of oil prices and low foreign inflow.

This is expected to be exacerbated by the recent order by President Muhammadu Buhari to the Central Bank of Nigeria, to stop the allocation of foreign exchange to importers of food items.

The Governor of Niger State, Abubakar Sani Bello, warned in April, “We are heading toward famine and starvation.”

The FAO report which states that Congo has about 21.8 million people that are acutely food insecure, also points out that Burkina Faso has witnessed an almost 300% uptick in the overall number of people experiencing acute hunger since the start of 2020.

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Business

FG apologizes, says Self-Certification directive is not for everyone

The Federal Government has made clarifications concerning earlier announced Self-Certification Forms.

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FG apologizes, says Self-Certification directive is not for everyone, FIRS introduces stamp duty on house rent and C of O transactions

The Nigerian government has backtracked on its earlier issued guidelines on the new banking Self-Certification Forms, saying the notice does not apply to everyone.

On Thursday, the Nigerian government ordered all persons holding accounts across financial institutions and insurance firms, to complete and submit self-certification forms to their respective financial institutions.

Explore the Nairametrics Research Website for Economic and Financial Data

It stated, “This is to notify the general public that all account holders in Financial Institutions (Banks, Insurance Companies, etc.) are required to obtain, complete, and submit Self – Certification Forms to their respective Financial Institutions. Persons holding accounts in different financial institutions are required to complete & submit the form to each one of the institutions. The forms are required by the relevant financial institutions to carry out due diligence procedures, in line with the Income Tax Regulations 2019.”

However, on Friday morning, after receiving expected backlash on social media, FG attempted a clarification stating, “We apologize for the misleading tweets (now deleted) that went up yesterday, regarding the completion of self-certification forms by Reportable Persons,” and that, “the FIRS will clarify Nigerians on the objectives of the directive.”

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READ: CBN automates trading system, introduces electronic form to facilitate exports 

The FIRS earlier today made a statement, that the guidelines are only for non-residents, and people paying tax in more than one country.

READ: Tax implication of IFRS adoption in Nigeria: key issues

“The Self Certification Form is basically to be administered on Reportable persons, holding accounts in Financial institutions, that are regarded as “Reportable Financial Institutions” under the CRS. Reportable persons are often non-residents and other persons, who have residence for tax purposes in more than one jurisdiction or Country.”

“The information that indicates an account holder is a resident for tax purposes in more than one jurisdiction, is expected to be available to Financial Institutions during account opening processes, for the KYC and AML purpose.” the statement read.

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