business
Nigeria to Launch Vehicle Recycling Policy in October 2025, Eyes ₦60 Billion and 40,000 Jobs

FG to Enforce End-of-Life Vehicle Recycling Policy by October 2025, Targeting ₦60 Billion Revenue and 40,000 Jobs
The Federal Government has announced that full enforcement of the End-of-Life Vehicle (ELV) Waste Recycling Regulation will commence in October 2025, marking a significant move toward establishing a structured nationwide vehicle recycling system. The policy is expected to generate over ₦60 billion annually and create more than 40,000 jobs across the country.
Joseph Osanipin, Director-General of the National Automotive Design and Development Council (NADDC), disclosed the implementation timeline at a stakeholder sensitisation forum in Abuja. He described the initiative as a cornerstone of Nigeria’s push towards green industrialisation and a circular economy, aiming to turn obsolete vehicles into economic opportunities rather than environmental threats.
“This regulation is not symbolic. It is a strategic economic and ecological intervention,” Osanipin stated. “We’re building a framework that creates green jobs, attracts investment, supports state revenues, and cuts down urban pollution.”
Launched in March 2025, the ELV Regulation sets national standards for:
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Proper identification, deregistration, and dismantling of old vehicles
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Environmentally safe recycling of vehicle components
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Certification of operators in the ELV value chain
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Recovery and reuse of materials in accordance with global sustainability practices
The regulation targets a formal shift away from informal and often hazardous scrap practices, aiming to develop a robust circular economy within the automotive sector. From vehicle collection to parts recovery and recycling, the policy is set to unlock new economic value chains and support industrial growth.
To oversee the rollout, a multi-agency ELV Steering Committee will be formed. It will include representatives from:
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Federal Inland Revenue Service (FIRS)
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State Internal Revenue Services
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Vehicle Inspection Offices (VIO)
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Federal Road Safety Corps (FRSC)
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Nigeria Customs Service
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Nigeria Police Force
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Private sector recycling operators
This committee will ensure regulatory compliance, coordinate inter-agency activities, and recommend necessary policy updates.
In addition to the regulation’s enforcement, NADDC is partnering with the Joint Tax Board and state revenue authorities to introduce fiscal incentives. These incentives are designed to encourage the voluntary decommissioning of aging vehicles and boost responsible recycling participation. They are also expected to enhance state-level revenue generation through formal ELV operations.
Osanipin highlighted the policy’s potential impact across various industries, including:
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Automotive maintenance and servicing
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Vehicle inspection and logistics
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Material recovery and processing
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Sustainable job creation and investment attraction
Ultimately, the ELV policy reflects Nigeria’s broader commitment to sustainable development, environmental stewardship, and innovation-led industrial transformation. With this regulation, the government hopes to position Nigeria as a leader in automotive recycling and green economic growth across the region.
business
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business
We are Hiring: Social Media Growth Ambassadors (2 Positions)

Remote | Part-Time or Flexible Hours
Are you active on social media and passionate about business, jobs, and opportunities?
Do you know how to attract attention, spark engagement, and drive traffic online?
Then this opportunity is for you!
Role Overview:
We are looking for 2 dynamic individuals to serve as Social Media Growth Ambassadors for GlobabizEmpire.com — a trusted online platform for global jobs, business insights, and income opportunities.
Key Responsibilities:
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Promote GlobabizEmpire.com consistently on Facebook, Instagram, WhatsApp, TikTok, or X
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Share daily job updates, business news, and smart money tips from the website
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Drive website traffic using content, trends, reels, and referral links
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Respond to DMs/comments and convert viewers into website visitors
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Provide weekly reports on reach, impressions, and traffic performance
What You’ll Need:
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A strong presence on social media (min. 2,500 followers on at least one platform)
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Great communication skills and social media creativity
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Consistency and accountability
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Passion for helping people grow their careers or income
What You’ll Get:
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Monthly stipend + performance-based bonus
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Opportunity to grow your personal brand with us
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Free digital training + content materials
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Certificate of Digital Advocacy (upon successful campaign)
How to Apply:
Send us a message with:
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Your full name
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Link to your active social media profiles
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Short message on why you are the perfect fit
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Screenshot of your past engaging post (if available)
Email: [email protected]
WhatsApp: +234 8153507382
Deadline: August 22, 2025
business
NEXIM Bank and SMEDAN Partner to Strengthen SME Export Capacity Nationwide

NEXIM Bank and SMEDAN Sign Landmark MoU to Boost SME Export Growth in Nigeria
In a bold move to strengthen Nigeria’s small business ecosystem, the Nigerian Export-Import Bank (NEXIM) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) have signed a groundbreaking Memorandum of Understanding (MoU) aimed at accelerating the growth and global competitiveness of Small and Medium Enterprises (SMEs) across the country.
A Strategic Partnership for Economic Transformation
This MoU formalizes a strategic alliance between NEXIM and SMEDAN, focusing on:
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Export financing and access to global markets
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Tailored financial products for SMEs
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Capacity-building and training programs
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Promotion of Made-in-Nigeria products internationally
The collaboration is expected to streamline trade facilitation and offer Nigerian SMEs the tools and support needed to thrive in international value chains.
Empowering SMEs for Global Competitiveness
Speaking at the signing ceremony, Abba Bello, Managing Director/CEO of NEXIM Bank, emphasized the significance of this partnership in preparing Nigerian SMEs to compete globally, particularly under the African Continental Free Trade Agreement (AfCFTA).
“This collaboration with SMEDAN is a critical step in our mission to empower Nigerian SMEs. By combining our financial instruments with SMEDAN’s development expertise, we are creating a robust support framework that enables small businesses to scale and succeed in export markets,” Bello said.
Removing Barriers and Unlocking Opportunities
On his part, Charles Odii, Director-General of SMEDAN, noted that the agreement will help eliminate major hurdles that have long hindered SMEs from tapping into international markets.
“Our goal is to ensure Nigerian SMEs have not just the skills but also the financial backing to grow. This MoU with NEXIM Bank paves the way for real participation in global trade,” Odii remarked.
He also outlined key focus areas of the collaboration:
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Providing export-oriented financing solutions
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Offering expert training and advisory services
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Simplifying export processes for MSMEs
🇳🇬 Aligning with Nigeria’s Economic Diversification Agenda
This partnership supports the federal government’s broader vision of economic diversification and inclusive growth, particularly through public-private partnerships that empower micro, small, and medium-sized enterprises (MSMEs).
About the Agencies
NEXIM Bank, established under Act 38 of 1991, is Nigeria’s official Export Credit Agency, providing financing, risk management, and advisory services to support the development of non-oil exports.
SMEDAN, created by the SMIDA Act of 2003, is the federal government’s leading institution tasked with fostering the growth, sustainability, and global competitiveness of MSMEs across Nigeria.
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