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Renault Signs New Joint Venture in Iran

By Dipo Olowookere
French motor giant, Groupe Renault, has announced singing a joint venture agreement with the Industrial Development & Renovation Organization of Iran (IDRO) and PARTO NEGIN NASEH Co, an importer of Renault products in Iran.
The proposed joint venture company, of which Renault will be the majority shareholder, though with a first period of joint control with IDRO and PARTO NEGIN NASEH Co, will include an engineering and purchasing centre to support the development of local suppliers as well as a plant with an initial production capacity of 150,000 vehicles a year, supplementing Groupe Renault’s existing capacity of 200,000 vehicles a year in the country. The first vehicles to be produced at the plant will be new Symbol and new Duster.
In addition to the vehicle plant announced in September 2016, an engine plant is also planned with a capacity of 150,000 units a year. The manufacturing facilities will be in Saveh, located 120 km from Tehran. They will be owned and operated by the joint venture company.
The agreements also provide for the development of an exclusive Renault distribution network, in addition to the existing network of NEGIN Khodro.
“We are happy to sign this agreement with IDRO and PARTO NEGIN NASEH Co. In a rapidly expanding Iranian market, it was vital to implement plants, engineering and purchasing centre. This joint venture will enable an acceleration of our growth in this country” said Thierry Bollore, Member of Groupe Renault Executive Committee and Chief Competitive Officer.
“The development of a commercial network specific to our brand will reinforce Groupe Renault’s position in Iran. The signing of this new joint venture reinforces the strategic choices we have made in Iran and will open new perspectives in a 2 million vehicle market projected in 2020”, said Stefan Mueller, Member of Groupe Renault Executive Committee and Chief Performance Officer.
“Our Group as the owner of the Negin Khodro Co., the existing establishment for Renault Network in Iran, is proud to be part of this industrial development. As a family-owned private business in the country, N.H. Group envisages this joint venture with Renault and IDRO, as another possibility of a long-lasting partnership with Groupe Renault for years to come”, said Naser Haddadzadeh, Chairman of the NEGIN Holding.
Our joint-venture with our historical partners SAIPA and Iran Khodro will continue to produce and deliver the current range: Tondar, Tondar pick-up, Sandero and Sandero Stepway, independently of the start of this new JV.
Entry into force and finalization of the transaction remains subject to a number of conditions precedents, including regulatory approvals, formation of the new company and preparation of the industrial assets for the project. The parties expect completion to take place on or around October 30, 2017.
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Tanker Explosion: Lagos Promises Stronger Safety Measures

By Modupe Gbadeyanka
The Lagos State government has promised to put in place stronger safety measures after a gas tanker explosion on Otedola Bridge on Tuesday night.
The incident reportedly claimed two lives and destroyed some properties in the area, including vehicles and buildings.
Reacting to the explosion, the Commissioner for Transportation, Mr Oluwaseun Osiyemi, expressed the regret of the state government over the widespread damage and disruption caused by the tragedy.
“Our thoughts are with those affected, and we commend the swift response of emergency services working tirelessly to manage the aftermath,” he said.
The Commissioner noted that the incident reinforces the urgent need for stricter safety protocols for heavy-duty vehicles.
“The Ministry of Transportation is also intensifying enforcement on the movement of hazardous materials, strengthening regulatory compliance, and implementing enhanced safety measures to prevent future occurrences,” he stated.
Mr Osiyemi called on “all transport operators to uphold the highest safety standards and cooperate with government efforts to safeguard lives and property,” saying, “Lagos remains committed to a safer, more resilient transport system for all.”
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LASTMA Broadens Scope of Traffic Safety Education for Children

By Aduragbemi Omiyale
The Lagos State Traffic Management Authority (LASTMA) has intensified its Lagos State School Traffic Safety Advocacy Programme (LSTSAP) under the visionary initiative tagged Operation Catch Them Young.
This is part of the agency’s strategic moves to inculcate traffic discipline and awareness from an early age. It was crafted to foster a profound understanding of road safety principles while mitigating traffic-related hazards.
This initiative, which was recently re-launched, has been reinvigorated to ensure broader reach and heightened impact, and will continue its extensive rollout across various schools, ensuring a lasting imprint on the consciousness of young children and fostering a culture of responsible road use from the grassroots level.
Furthermore, in a bid to provide a holistic and engaging experience, the initiative incorporates excursions, career day events, interactive road safety games, essay competitions and dedicated outreach programmes for school catering to students with special needs.
This transformative advocacy campaign will continue its extensive rollout across various schools, leaving and indelible impact on young children and fostering a sustainable culture of responsible road use at the grassroots level.
Through this advocacy drive, LASTMA officials systematically engage secondary school students across Lagos State’s six educational districts, equipping them with crucial knowledge of traffic signs, regulations and safety protocols on every Wednesdays of the week.
Reiterating the programme’s significance, the Special Adviser to the Governor on Transportation, Mr Sola Giwa, underscored that embedding traffic consciousness in young minds is pivotal to nurturing a disciplined and law-abiding society.
He emphasized that early exposure to road safety tenets not only enhances pedestrian and commuter safety but also fosters a generation of responsible road users—whether as future drivers, cyclists, or pedestrians.
According to him, “the revitalization of Operation Catch Them Young is in alignment with the state government’s commitment to a safer, more orderly, and seamlessly structured transportation system.
“By empowering students with critical traffic knowledge, Lagos State is proactively shaping a future where adherence to road regulations becomes instinctive among its citizens.”
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FRSC Punishes Ondo Sector Commander for Worn-Out Tyres

By Modupe Gbadeyanka
The Sector Commander of the Federal Road Safety Corps (FRSC) in Ondo State, Mr Samuel Ibitoye, has been sanctioned for allowing a patrol vehicle in his domain to operate with worn-out tyres.
Over the week, a video emerged on social media showing a motorist, booked a patrol team for an expired tyre, capturing the patrol van of the agency with bad tyres.
Apparently embarrassed by this, the Corps Marshall of the FRSC, Mr Shehu Mohammed, in a statement signed by the Assistant Corps Marshal of the Corps’ Public Education Officer, Mr Olusegun Ogungbemide, said the agency has zero tolerance to any form of negation of standards and does not condone any form of compromise against its core values.
According to him, the action “is a complete negation of the core values, as well as Standard Operating Procedures on Vehicles Maintenance for all operational and administrative vehicles of the corps.”
He, therefore, sanctioned the sector commander, ordering the ticketing of vehicle for the infraction, with the commander directed “to pay the fines for negligence.”
Mr Mohammed commended the public for their watch dog role over the services of the road safety agency, reminding the motoring public that the FRSC remains a pace-setter amongst agencies in Nigeria, for high level observance of quality standards, especially when it comes to vehicle maintenance, and will continue to enhance on the mileages achieved over the years in that regard.
He assured that the organisation would “continue to play its supervisory role over the field commands with diligent commitment while the Commanding Officers are expected to uphold the ideals of the corps accordingly.”
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