sheffyUTD:

You're right but there will still be some differences in clearing cost, if they don't block though.

In as much this affects my business somehow, one should still think straight. The policy is good but I am very sorry, Nigerians will not see the benefit. With neighbouring car biz like cotonou on the prowl and our borders are as porous as a sieve, it's a mere mirrage. Smugglers always have their way with those guys at seme border.

priscaoge:
Think about the Transformation,job opportunities and employment! It's not always wise to criticise good things even when d truth is glaring. It's a very wise decision to take which will help to curb unemployment in the country. And about d Duration of d cars,my dear its certain! Cars will be cheap that even d poor can afford it,Nigeria will export cars to other countries n it will help to build our Economy! Let's always be positive,Nigeria is our country,let's make it a better place.

Nosyke:

Sister, please do us all a Favour and stop typing poo all over this thread .

Try and be objective and look at the brighter side of this. How do you think we will attain self sufficiency and even grow if we continue relying on imported items even ordinary toothpick?

Have you even tried imagining the multiplier effect of a vibrant auto industry? Spare parts dealers, tire manufacturers, electricians, battery sellers. What of the people that will be directly employed in these factories. Restaurants that will serve these industries? Do you think the US, Japan and other major car producing countries did so by replying on imported cars?

Everything must not be seen from the ethno-religious and/or party prism.



P.s : your grammar is terrible, maybe you should spend more time upgrading yourself.

DaBullIT:

I gree for you , If this info i heard from an insider turns out to be true about customs taking 35 percent on used cars too , then lesser people will ship through lagos , instead they'll ship to seme, cotonou and then that'll kill imports and activities in Lagos's shipyard or is it dock ...

alaladakosta:

You hired.

ooshinibos:
Listen !!!!! you must have ,security , good access to electricity , education before an economy can grow ..currently GEJ has not fulfilled his promises on these yet ?

Please can you explain why please please

eliment: A good one there from GEJ, our economy mUst grow by fire by force

eliment: ok, I am not saying he has done well in those aspect but even with all those you listed devoid of good policies that protect local industrial capacity no investor will be willing to put his money in such Economy.
Bottom line is we need to start from somewhere.

hardebounty:

There is nothing good about automobile production in Nigeria, why can't FG focus on our d country area strength e.g #1. let challenge brazil in sugar production (we r one d top 3 of largest sugar importer)
#2 why nt compete wit ivory coast on pineapple export.
#3. We are one of d largest importers/consumer of milk.
#4. The automobile r dey affordable to d common man in Nigeria? Hell NO!.

U can very on net, 4ds claims

hardebounty:

My broda, ds automobile company don't get there raw materials here, Nigeria iz more like an assembling plant.

hotice01: GEJ and His Government are just extorting Nigerians in so many ways because of the coming election.with the huge amount of graduates,highly esteemed&self professed educated individuals in various levels&sectors.I muslt say that my country is full of educated illitrates&fools.No steady power supply to encourage investment,no good roads&other infrastructures,most of these plants(except innoson I guess) are barely functional,citizens are contantly humiliated home and abroad by both their government(Nigerian embassies esp) and foreigners.not that the locally produced cars will b affordable for the common man.our government have misplaced priorities.

eliment: I'm sorry to say this; you don't have the knowledge of how economy works.
You have to protect your local capacity in all area you have comparative advantage. You talked of Brazil as if they don't produce cars or they really only on sugar. There is always a period in production where an economy have to bear some brunt but in the long run it turns out to be benefit.
Take the issue of cement for an instance if the govt had not encouraged investors in that sector Nigeria wouldn't have been a net exporter of cement by now.
For your information, I am not a gej supporter in most area but on the economy, he and his team have been doing a good job

eliment: every journey starts from one step. North Korea were not get there raw materials locally before but today they boast of one of the best brands in the world

texazzpete: I'm not sure which is more stupid.

This brainless policy or the ordinary Nigerians that defend it.



The tariff increase is NOT required to create jobs. tax breaks and import waivers for local manufacturers are more than enough incentive to attract more investment in this sector.
People will patronise locally assembled cars if the savings from the local assembly is passed on to the consumer. At this stage, the local assembly scene is still in its nascent stages, there are ZERO vehicles available for sale apart from a few lower end and tiny Hyundai or Kia vehicles. Where is the local car for anyone who wants to buy a reliable family sized Sedan?


It's strange...when it comes to fuel subsidy removal the FG is keen to stress that 'Market forces' will drive down prices of fuel. For some reason, they are incredibly reluctant to let these same 'Market forces' apply in the purchase of autos.

All this has done is to drastically drive up the cost for the average Nigerian to purchase a vehicle that they like. Only sycophants and traitors are in support of this tarriff increase at this moment.

eliment: A good one there from GEJ, our economy mUst grow by fire by force

chuckdee4: I understand the government trying to generate revenue but my issue is 'will this revenue be put to good use or is it just more money for the government to embezzle?'

Eldavido1:

In fact, tokunbo cars are the main target of the policy.

Eldavido1:
[size=14pt]Confirming this development, Chris Osunkwo, public relation officer of Tin-Can Island port command (Nigerian Customs), told our correspondent that the Federal Government deemed it fit to direct that the 35 percent levy be implemented strictly on only imported new vehicles.
This, he said, was geared towards encouraging the automakers to come and invest in Nigeria, thereby creating an enabling environment for their finished products not to face stiff competition with the imported new cars.
According to Osunkwo, the 35 percent levy does not apply to imported used vehicles usually referred to as ‘tokunbo’ cars, which, according to the Federal Government may commence in January 2015.[/size]

sheffyUTD:

Well it's true, 35% duty now and 35 % levy by Jan. All I see is a reduction in the rate of importation of used vehicles, but they'll still come in.



Mexicans dig tunnels from Mexico to US just for Drugs, i believe these big men will find a route in one of them thick forests, clear the place with tractors and make the road ready for asphalt , and they'll mount security / spies there just for thier bentlies and Lambo and Phantoms to get through , it'll be a full scale war soon .. but that just my over active over paranoid mind working as usual , please tell me if you think in a million years this scenario can occur

You burst my butt . . . got me seriously laughing. No, it will not go near that. But I see large scale compromise as it always be.

Nosyke:
Try and be objective and look at the brighter side of this. How do you think we will attain self sufficiency and even grow if we continue relying on imported items even ordinary toothpick?

cuteboy2:

This is FALSE!!!! Have you read the New Automative Policy?
Go and read the statement by the PRO of Tin Can Port Command of Nigerian Customs Services embedded in the article in your original post. I extract it for you below in case you don't have the patience to read your entire post.


I agree with you, but like I mentioned earlier customs officers will overdo! When its comes to pay our levy or loose your car. People will be forced to pay that 35% on used/imported cars. Someone in customs said so. It is Nigeria and its not in the realm of impossibilitily


It is sad that people will copy and post news clips from online media, and yet either are too lazy to read what they have posted, or maliciously twist it to fit their ill-conceived intent. This policy and its implementation has been severally discussed in many posts on NL, and people have been sufficiently educated. Don't start this falsehood all over again.

femmy2010:
You are certainly living in a different world other than the present .
Which do you think should be curbed first, Importation of petroleum or Importation of Tokunbo cars?
The answer to the above would tell you our government certainly didn't get their priority right.

Eldavido1:

In fact, tokunbo cars are the main target of the policy.

femmy2010:
Which do you think should be curbed first, Importation of petroleum or Importation of Tokunbo cars?
The answer to the above would tell you our government certainly didn't get their priority right.