By Dipo Olowookere
Leading Chinese automaker, JAC Motors, has showcased three of its models at the Expo 2017 in Astana, Kazakhstani.
The models exhibited at the event alongside its distributor in the country are the S3, the iEV6S and the iEV5.
Echoing the theme of China Pavilion, ‘Future Energy, Green Silk Road’, JAC also took the opportunity to exhibit their latest green energy vehicle technologies and concepts.
As an important nation along the corridor, Kazakhstan connects China with Central Europe via ‘the Belt and Road’ economic zone.
The country covers a large region of Central Asia and Eastern Europe and is one of JAC’s most valuable markets.
In March 2015, with the blessing of China’s Premier, Mr Li Keqiang and his Kazakhstan counterpart, Mr Karim Masimov, JAC and its distributor, Allur Group, officially signed the KD assembly licensing agreement.
As per the agreement, Allur Group, a Kazakhstan automotive company, will be responsible for the assembly of all JAC cars.
By signing this agreement, JAC is expected to meet the demands in Russia and neighbouring countries and regions and ultimately reach an annual production of 50,000 units.
Following the successful signing of the agreement, on November 3, 2016, the premiers of both China and Kazakhstan witnessed the start of another exciting production cooperation project between the two countries via remote video connection at the JAC plant in Kazakhstan.
This established JAC as a shining example of a successful independent Chinese automobile company along ‘the Belt and Road’ economic zone.
Utilizing the development opportunities of this initiative, JAC has exported products to more than half of the 60 participating countries.
In 2016, more than 35,000 units were delivered along ‘the Belt and Road’, making up 62 percent of JAC’s exports.
During the first five months in 2017, JAC exported 21,000 units to the area, making up 66% of all JAC exports.
Thanks in part to their strong investment in R&D, JAC has won the favour of Kazakhstani customers with sales increase of over 500 percent in 2016, winning number one market share among all Chinese brands in the country.
In addition, On June 1, JAC and Volkswagen signed a joint venture agreement in Berlin, Germany to fund JAC Volkswagen Automotive Co., Ltd.
The collaboration seeks to further develop the new energy automobile market, once again highlighting JAC’s ambition to further develop their green energy technology.
To date, JAC has formed two joint ventures including Vietnam and established 9 KD assembly plants along the Silk Road Economic Belt, including in Iran and Kazakhstan, for the assembly of JAC light-duty trucks and passenger vehicles.
As an active participant in ‘the Belt and Road’ initiative, JAC will continue to provide transportation solutions for customers throughout the Silk Road Economic Belt, helping to establish a reputation of quality Chinese production.
Passengers Stranded as Abuja-Kaduna Train Derails
By Modupe Gbadeyanka
Passengers on the Abuja-Kaduna train were stranded on Friday in the Kubwa area of Abuja when the train conveying them derailed.
According to reports, the incident happened a few distances to its destination at about 3:20 pm and left the passengers frustrated.
Today’s derailment occurred barely a week after 300 stranded passengers on the Warri-Itakpe train missed its track in Kogi State.
In the latest incident, there were no reports of casualties, though the exact reason for the derailment is still sketchy.
The Nigerian Railway Corporation (NRC), which manages rail transportation in the country, was yet to give an update on the situation.
The administration of President Muhammadu Buhari revamped the rail system in the country. Loans were taken from China to build rail tracks to ease the movement of people from one point to another.
Airtel Supports Police for Safety of Lagos Road Users
By Modupe Gbadeyanka
As part of its commitment to support the activities of the police in ensuring the coordination and safety of Lagos road users, Airtel Nigeria has donated some traffic booths.
According to the Commissioner of Police for the Lagos Police Command, Mr Abiodun Alabi, the booths will be placed in strategic locations across the state to serve as an inspiration to other organisations to support the police in the discharging of their duties.
At a brief ceremony to hand over the items at the Lagos State Police headquarters, Ikeja, on Thursday, January 19, 2023, Mr Alabi thanked the telecommunications service provider for the gesture, recounting previous support over the years.
Some of which included the donation of phones to all police commissions in Lagos, donation of patrol vehicles, renovation of Zone 2 Command, renovation of Lekki Phase 1 Police post and the provision of CCTV cameras, etc.
“On behalf of the Inspector General of Police, Mr Alkali Baba Usman, and the Lagos State Police Command, I would like to thank Airtel for their support to the Nigeria Police over the years and for this particular donation of traffic booths for our traffic officers through its corporate social responsibility.
“Not everyone or every organisation appreciates what the police does for society; therefore, we are pleased to see that Airtel recognizes and supports our effort to carry out our duties optimally,” he said.
Also speaking, the Director of Corporate Communications at Airtel Nigeria, Mr Femi Adeniran, said, “Over the years, Airtel Nigeria has worked closely with the Lagos Police Command, and we have collaborated on several initiatives with a positive impact towards making Lagos a safer and more secured State to live in and do business.
“We are firm in our resolve to drive the vision of Airtel Africa towards sustainability consistently, and we consistently work to demonstrate this in our deeds through our CSR interventions.
“We are always glad to support the police force in the great work they do daily because we understand that once there is security, people can live and make ends meet without fear, and that is the only way we can say that we have a good society.”
Traffic Gridlock: Lagos Directs Petrol Stations to Close by 4pm
By Modupe Gbadeyanka
Petrol stations located along the major roads in Lagos will now operate from 9 am to 4 pm daily, the Lagos State government has directed.
A statement signed by the Commissioner for Transportation, Mr Frederic Oladeinde, explained that the move was to curtail the traffic gridlock witnessed around such fuelling stations in the metropolis.
The incessant scarcity of premium motor spirit (PMS), otherwise known as petrol, in the city and other parts of Nigeria has caused vehicles to queue for the product, causing a clog in vehicular movement.
Most of the queues are seen around petrol stations belonging to major oil marketers because of their pump price. At the moment, most of them sell at the official price of N169 per litre, while other fuelling stations sell between N240 per litre and N260 per litre.
The quest to buy cheaper fuel has forced most motorists to queue for many hours at stations selling the official pump price.
To address traffic caused by the queues and ensure the free flow of vehicular movement in the metropolis, the state government has moved to “regulate the activities of major and independent petroleum marketers operating along major roads and traffic-prone areas within the state,” according to the statement.
Mr Oladeinde said the state government was not happy with the “indiscriminate activities of motorists queuing to buy petroleum products and often impeding the free flow of traffic on some roads.”
He said the government has now decided to ensure that, “petroleum marketers whose filling stations are situated on major highways and areas susceptible to traffic will henceforth be allowed to operate only between the hours of 9 am to 4 pm daily, pending when the fuel shortage crisis subsides.”
The Commissioner added that the Lagos State Traffic Management Authority (LASTMA), Vehicle Inspection Service (VIS), Transport Operations Compliance Unit (TOCU) and other law enforcement agencies have been charged to ensure a seamless flow of traffic across the State.
Mr Oladeinde urged “all major and independent petroleum marketers operating across the state to comply with the directive to avoid sanctions.”
Latest News on Business Post
- Blue-Chip Stocks Pull Back Market by 0.13% as Investors Lose N33bn February 8, 2023
- ICPC Arrests Sterling Bank Managers for Hoarding N258m New Notes February 7, 2023
- Lagos PDP Deputy Governorship Candidate Funke Akindele Loses Mum February 7, 2023
- IGP Redeploys Frank Mba as Ogun Commissioner, Owohunwa as Lagos Commissioner February 7, 2023
- Court Acquits Jide Omokore of $1.6bn Fraud, Convict Two Others February 7, 2023
- Court Remands Fund Managers Over N891m Capital Market Investment February 7, 2023
- FIRS, LIRS Partner to Reduce Compliance Costs for Taxpayers February 7, 2023
- Mancala Gaming and M88 New Partnerships to Boost Content Reach in New Deals February 7, 2023
- Highest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn February 7, 2023
- Jorginho is a Gunner After His Transfer From Chelsea in January Transfer Window February 7, 2023