Business
Ban Cars Importation, Says PAN
Peugeot Automobile Nigerian Limited (PAN), has called for a ban on the importation of used cars that are five years old and sub-standard ones.
The call was made by the company’s Managing Director, Dr. Haroun Aliyu, during a recent oversight visit of the House of Representatives Committee on Privatisation and Commercialisation to PAN headquarters in Kaduna.
Aliyu also urged government to legislate on patronage of locally-manufactured vehicles, observing that PAN has injected N5 billion into the new Peugeot 307 sedan production line which replaces the 406 production line.
He informed that with 950 workers, PAN produces 70,000 cars per annum on an average of 24 cars per day.
Aliyu also pointed out that the company planned to upgrade its training institute to a vocational training centre, adding that as part of its social responsibility, it had asked state governors to nominate ten candidates each from their states for training.
On the challenges facing the company, the chief executive officer said; “The challenges facing the company include difficulty in securing bank facility, investor apathy, depreciation of the naira, under utilised capacity, lack of deliberate tariff regime and influx of imported brands”.
In his remarks, the chairman of the House of Representatives Committee on Privatisation and Commercialisation, Alhaji Ahmed Njiddah Gella, directed the management of Peugeot Automobile Nigeria (PAN) Limited to deal only with the Bureau of Public Enterprises (BPE) as the recognised government representative on its board.
Gella expressed concern over attempts by other government agencies to sit on the board of PAN when it is the statutory responsibility of the BPE.
The Federal Government has a 10 per cent equity in the company which the BPE holds in trust for government.
He told the company’s management to “henceforth draw the attention of BPE to any correspondence from any of the agencies purporting to be government representatives on the board,” adding that, such act would no longer be tolerated.
The committee chairman also tasked BPE to immediately convene to meeting of relevant stakeholders so that all thorny issues would be addressed.
The committee had earlier visited Zuma Steel Company, Jos, Electricity Meter Company of Nigeria Plc, Zaria and Federal Super-phosphate Fertiliser Company Limited; Kaduna.

A Ro-ro vessel ready to discharge its cargo of imported vehicles at the Tin Can Island port in Lagos.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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