Nigerian Auto Firm Faces Government Hurdles in $100M Investment Plan

Asper Auto, under the leadership of Nigerian entrepreneur Sahe Ashogbon, is facing obstacles from the government in executing a $100 million automotive investment in Nigeria. Ashogbon has expressed disappointment over the lack of official response to their efforts to establish a facility to tackle the problem of abandoned vehicles on Nigerian roads.

Despite sending multiple letters to state and federal government officials, including Governor Sanwo-Olu, there has been no response. The company's plan involves acquiring 50 hectares of land in Lagos to build a facility that includes a section for impounded abandoned cars.

Ashogbon, who was inspired by President Bola Tinubu's call for Nigerian diaspora to support national development, aims to not only clear roads of abandoned vehicles but also create job opportunities for youth and increase tax revenue for the government. Progress has been made with the assistance of the Surveyor General of Ogun State in securing land for the project.

The company plans to begin an online vehicle auction platform as part of its larger vision.