Auto investor frustrated by lack of government support
US-based Nigerian entrepreneur Saheed Ashogbon, CEO of Asper Autos Online Auction, has voiced frustration over government obstacles delaying his planned $100 million investment in Nigeria’s automotive sector. He said repeated attempts to engage with state and federal authorities have been ignored, despite the project’s potential to address abandoned vehicles and create jobs. Ashogbon emphasized that his initiative would help clear Nigerian roads and provide a structured way to dispose of old cars. He also noted some progress in Ogun State, where officials are assisting with land acquisition.
TLDR
- Saheed Ashogbon criticized Nigerian government authorities for not responding to his proposals to invest $100 million in the automotive sector.
- He has written multiple letters to governors and the president without receiving any reply.
- The project aims to address over 500,000 abandoned or improperly parked vehicles in Lagos and create thousands of jobs.
- Ashogbon said the initiative would provide a platform for selling end-of-life cars and help improve traffic and environmental conditions.
- While facing setbacks in Lagos, he reported positive developments in Ogun State and has begun recruiting agents for an online auction platform.
