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Auto Summit Demands Tougher EV, CNG Standards

EV and CNG

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Stakeholders at the 3rd Nigeria Auto Industry Summit (NAISU 2026) have called on the Federal Government to introduce tougher safety standards and a comprehensive national roadmap for the adoption of electric vehicles (EVs) and Compressed Natural Gas (CNG) vehicles.

The stakeholders said Nigeria’s clean-mobility transition must move beyond policy announcements to measurable targets, sustained investment and strict regulatory enforcement to guarantee safety and accelerate adoption.

The demand was contained in the communiqué issued at the end of NAISU 2026, organised by the Nigeria Auto Journalists Association (NAJA) in collaboration with the National Automotive Design and Development Council (NADDC).

The summit, held at the Radisson Hotel, Ikeja, Lagos, brought together stakeholders from NADDC, the Presidential Initiative on CNG and Electric Vehicles (Pi-CNG & EV), Standards Organisation of Nigeria (SON), Federal Road Safety Corps (FRSC), Federal Fire Service, Lagos Chamber of Commerce and Industry (LCCI), automotive manufacturers, component producers and other industry players.

Participants called for the establishment of a National Clean Mobility Roadmap covering EV adoption, CNG expansion, charging and refuelling infrastructure, local vehicle manufacturing and technology transfer.

A major recommendation was the mandatory certification of all imported and locally assembled EVs and CNG vehicles, conversion kits, charging systems and related equipment under the applicable standards and conformity assessment frameworks.

The stakeholders also called for the immediate licensing and accreditation of CNG conversion centres across the country, with continuous monitoring to ensure that only certified technicians carry out vehicle conversions.

They said tighter oversight was necessary to address safety risks associated with poorly executed CNG conversions and the use of substandard equipment.

The summit further called for increased private-sector participation in developing clean-mobility infrastructure, including CNG refuelling stations, EV charging networks and battery-support facilities.

To attract investment, stakeholders recommended fiscal incentives, improved access to finance and public-private partnerships for infrastructure development.

Beyond vehicle adoption, participants said the clean-mobility transition should be used to strengthen Nigeria’s automotive manufacturing base.

They called for stronger incentives for local vehicle assemblers, component manufacturers and Original Equipment Manufacturers, alongside policies designed to increase local content in vehicle production.

They also recommended that government procurement processes give preference to locally assembled EVs and CNG vehicles and Nigerian-made automotive components wherever domestic capacity exists.

The summit called for dedicated financing schemes to enable consumers, fleet operators, transport unions and investors to acquire clean-energy vehicles and develop supporting infrastructure.

Road safety was also identified as a critical component of the transition, with participants seeking specialised training for road safety officials, firefighters, emergency responders and mechanics working with EV and CNG technologies.

The stakeholders further called for sustained public education on the economic, environmental and safety benefits of clean mobility, while warning Nigerians against using uncertified conversion centres and substandard equipment.

They urged stronger collaboration among universities, research institutions, technical colleges and industry to develop the skills and technological capacity needed to support Nigeria’s emerging clean-mobility economy.

The summit also called on the Nigeria Customs Service and other relevant agencies to eliminate administrative bottlenecks affecting the implementation of Federal Government fiscal incentives for EVs, including applicable duty waivers.

It said customs, fiscal, tax and automotive policies should be harmonised to provide regulatory certainty, boost investor confidence and encourage long-term investment across the automotive value chain.

The stakeholders commended the Federal Government for the momentum generated by the Presidential Initiative on CNG and Electric Vehicles but stressed the need for consistent implementation and investment-friendly policies.

NAJA summit

They expressed confidence that implementing the recommendations would accelerate Nigeria’s transition to cleaner transportation while deepening local manufacturing, attracting investment, creating skilled jobs, improving energy security and strengthening the country’s position as a leading African sustainable-mobility hub.

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Airlines

Onyema Hails Fidelity Bank for Repaying $400m Eurobond

Chairman, Air Peace Airlines – Dr. Allen Onyema

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The Chairman and Chief Executive Officer of Air Peace, Dr. Allen Onyema, has commended Fidelity Bank Plc for successfully repaying its $400 million Eurobond at maturity, describing the achievement as evidence of the bank’s financial strength and sound management.

Onyema particularly applauded the bank for financing the repayment entirely from its internal liquidity after meeting its obligations throughout the five-year tenure of the Eurobond.

In a congratulatory message issued on behalf of the Board, Management and Staff of Air Peace Limited, the airline chief attributed the achievement to the strategic leadership of Fidelity Bank’s Managing Director and Chief Executive Officer, Dr. Nneka Onyeali-Ikpe.

He noted that the bank’s successful repayment of the Eurobond, alongside its completion of the recapitalisation exercise ahead of the Central Bank of Nigeria’s stipulated deadline, demonstrated its commitment to sound corporate governance and sustainable financial management.

Onyema also highlighted the importance of financially strong banking institutions to the growth of capital-intensive sectors such as aviation, where access to financing is critical for fleet expansion, operational sustainability and industry development.

He stressed that resilient financial institutions and strong partnerships with indigenous businesses were essential to strengthening Nigeria’s economic competitiveness and supporting national development.

The Air Peace chairman congratulated Onyeali-Ikpe, the bank’s Board, Management and staff on the achievement, expressing confidence in the institution’s capacity to record greater milestones.

Chairman, Air Peace Airlines – Dr. Allen Onyema

He also reaffirmed Air Peace’s goodwill towards Fidelity Bank, wishing the financial institution continued growth, stability and greater accomplishments in Nigeria’s banking industry.

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Awards

CIBN Confers Honorary Fellowship on FAAN MD, Onabanjo-Kuku

The FAAN Managing Director, Mrs Olubunmi Onabanjo-Kuku, in a group photograph with CIBN officials and other dignitaries at the Institute’s Fellowship Investiture Ceremony in Lagos.

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The Chartered Institute of Bankers of Nigeria (CIBN) has conferred its prestigious Honorary Fellowship on the Managing Director/Chief Executive of the Federal Airports Authority of Nigeria (FAAN), Mrs Olubunmi Onabanjo-Kuku, in recognition of her contributions to banking, financial services and the aviation industry.

The Fellowship was formally conferred on Saturday, October 31, 2026, at the Institute’s Fellowship Investiture Ceremony held at Harbour Point Events Centre, Victoria Island, Lagos.

With the recognition, Onabanjo-Kuku is entitled to use the professional appellation FCIB after her name, marking her admission into the highest level of membership of the Institute.

CIBN described Fellowship as a recognition of lifetime achievement and professional excellence, noting that the FAAN chief executive had maintained a strong relationship with the Institute through her participation in its activities and contributions to its committees.

The Institute also acknowledged her role as Special Guest of Honour at the 2025 Executive Development Programme (EDP)/Presentation of Practice Licence.

Onabanjo-Kuku’s professional career spans several senior positions in the banking, consulting and aviation sectors, including Assistant Vice President, Finance/Senior Financial Officer at the Bank of Montreal, Canada, and Partner in Business Consulting at Ernst & Young (EY).

She also served as Assistant General Manager/Head of Business Unit Strategy at Bank PHB Plc and Special Assistant to the Minister of Aviation on Strategy and Infrastructure Development.

Beyond Nigeria, she serves as Vice President of Airports Council International (ACI) Africa, where she has contributed to the advancement of airport management and development across the continent.

FAAN Managing Director, Mrs Olubunmi Onabanjo-Kuku, with other award recipients and dignitaries at the CIBN Fellowship Investiture Ceremony in Victoria Island, Lagos.

Her conferment adds to the recognition of her professional experience and leadership across the financial services and aviation industries.

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Airspace

ATSSSAN Backs NAMA Push for Higher TSC, Aviation Clearance Revenue

Outgoing Chairman Comrade Wole Dada (left) handing over to Comrade Ekip Ekip Eso, during the inauguration of the branch’s new executive in Lagos

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The Air Transport Services Senior Staff Association of Nigeria (ATSSSAN), NAMA Branch, has pledged to support efforts by the Nigerian Airspace Management Agency (NAMA) to secure improved revenue allocation from the Ticket Sales Charge (TSC) and Aviation Height Clearance to strengthen its operational capacity.

The newly inaugurated executive of the union also pledged to promote industrial harmony, protect workers’ welfare and sustain constructive engagement with management to improve the agency’s performance.

The commitments were made by the new branch chairman, Comrade Ekip Ekip Eso, during the inauguration of the executive at NAMA headquarters annex in Lagos.

In a statement signed by NAMA’s Director of Public Affairs and Consumer Protection, Dr Abdullahi Musa, Eso said the new leadership would pursue responsible unionism, accountability and policies that promote members’ welfare and the development of Nigeria’s aviation industry.

He said adequate and sustainable funding was essential for NAMA to maintain critical air navigation infrastructure, strengthen operational capacity and discharge its statutory responsibility of managing Nigeria’s airspace.

According to him, the union would pursue constructive advocacy and engage relevant government authorities and industry stakeholders, alongside sister unions, to support the agency’s position on improved revenue allocation.

Eso said the new executive recognised the responsibility entrusted to it and would discharge its mandate with dedication, fairness and accountability.

He also commended members and stakeholders who supported the branch during its delegate conference in Jos, particularly the ATSSSAN National President, Comrade John Ogbe, for promoting dialogue and reconciliation that helped restore peace and mutual understanding within the union.

The chairman urged members to sustain the renewed unity in the association, noting that collective progress required mutual respect, cooperation and commitment to common objectives.

On workers’ welfare, he pledged that the executive would prioritise timely payment of entitlements, equitable career advancement, professional training, safe working conditions and sustained engagement with management.

He also called on NAMA management to intensify efforts towards securing the urgent approval and implementation of the agency’s new Conditions of Service, describing the document as important to addressing workers’ welfare and employment-related concerns.

NAMA New Logo

The new executive said it would maintain a cooperative relationship with management while ensuring that the legitimate interests of members remained adequately protected.

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