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Lanre Shittu Motors To Export Nigeria-assembled “LSM-branded” Vehicles To Other Countries
Lanre Shittu Motors set to start exporting Nigeria-assembled “LSM-branded” vehicles to other West African countries.
LSM-branded vehicle rollout will commence with pickup trucks and commercial vehicles such as small buses (Korope).
Before the end of the year, it plans to unveil electric and CNG-powered vehicles assembled at its plant in Ogun State.
Lanre Shittu Motors, one of Nigeria’s leading automobile dealers, has announced plans to start exporting Nigeria-assembled “LSM-branded” vehicles to other West African countries.
The company also said before the end of the year, it will unveil battery-electric and Compressed Natural Gas (CNG)-powered vehicles assembled at its plant in Ogun State.
Managing director and Chief Executive Officer (CEO) of the company, Mr. Taiwo Shittu, who disclosed this in an interview with some journalists in Lagos, said :
“We have brand new vehicles coming in very soon. They would be in our brand name, LSM.”
Shittu said the LSM-branded vehicle rollout will commence with pickup trucks and commercial vehicles such as small buses (Korope), two- and three-ton trucks, mass transit buses, and electric buses.
He noted that the project would not only benefit the investors but also create job opportunities for the masses.
“It will not only add value to Lanre Shittu Motors but to the country, and the “value-added” for the country is that we will be able to export these vehicles outside Nigeria.”
“And hopefully, we will get more foreign investors coming to Nigeria. Who says GM and other automakers cannot invest in LSM?”
Shittu said that the company would start exporting to West African countries before moving to other regions and outside Africa, adding that :
“We need indigenous companies to start doing things well and exporting their products, not just importing. Importing is costing the country a lot of money.
“We will be creating more jobs for people with this project. We will have a lot of businesses spring up from this: battery, tyre, glass, and fabric and leather seat making companies for the vehicles in Nigeria.”
The MD said the company planned to make it a huge success, having nurtured many foreign auto brands from ground zero to the top in Nigeria.
He added :
“We made JAC and Mack brands popular in Nigeria. There is no reason why we cannot build our own brand. A good thing is coming from Nigeria, and Nigerians should be prepared for it.”
