PaulJohn1:
One of the few reasonable policies the country has made in 5 years.

Leading to the increase in Vehicle assembling plants in the country.

Table of vehicle assembling plants in Nigeria.

anonimi:


The policy is very good no doubt.
However the relevant officers in government should be careful in reporting progress and impact to avoid giving figures that may be construed as non-factual if not supported by[b] concrete, verifiable data.[/b]

anonimi:


The policy is very good no doubt.
However the relevant officers in government should be careful in reporting progress and impact to avoid giving figures that may be construed as non-factual if not supported by concrete, verifiable data.

Meanwhile, there are indications that Toyota Motor Corporation of Japan is exploring the possibility of producing vehicles in Nigeria.
Although details are still sketchy as at the
time of filing this report, it would be recalled
that last month, Johan van Zyl, president
and chief executive of Toyota South Africa
Motors, stated that the move had been
prompted by the imposition by Nigeria of
higher tariffs on imports of new vehicles into
the country.

iterator25:
in the absence of a solid car manufacturing sector and a poor power infrastructure, we made an half a billion dollar economy. Looking forward to how things will turn up in ten years from now.

egift:
Because tarrif was increased and not that the local manufacturers are now satisfying local demand.

FrankC3:


Either way, it is still a sound policy. Imagine what would be the case today if this 'import tariff increment' was implemented in 1984, by now, Nigeria, not South Africa would be the vehicle assembly hub of Africa.

wanimo:
This is a loudable policy. We should encourage such policies and help the Nigerian path to industrialization.

Obiagelli:
If you bring foreign car parts here to assemble at almost zero import duty, i don't see how that benefits Nigeria and nigerians.

Hiw does foreign part become local cars?

egift:
Because tarrif was increased and not that the local manufacturers are now satisfying local demand.

Ikengawo:


Easy, because nigerians are paid to "assemble" the parts and our money stays in the country. Innoson manufactures though, and all car brands import and assemble a portion of their parts.


They will also buy components from Nigerian business men like metals, leather, cloth, etc. The presence of one plant also attracts another business which attracts another.

phantom:
assembling here will create more jobs for our people.
but the full impact of this policy will never be felt as long as poor power supply is an issue we are still grappling with.

anonimi:


The policy is very good no doubt.
However the relevant officers in government should be careful in reporting progress and impact to avoid giving figures that may be construed as non-factual if not supported by concrete, verifiable data.

Obiagelli:
If you bring foreign car parts here to assemble at almost zero import duty, i don't see how that benefits Nigeria and nigerians.

Hiw does foreign part become local cars?

FrankC3:
I like this policy. We seem to be getting it right in terms of long term strategic plans to develop and secure local jobs. I need to know how a Buhari government will handle this policy. Will a 'President Buhari' discard this policy, nurture it or change it? I will appreciate mature feedback from Buhari campaign team.

naptu2:


It's a progressive thing. We had a similar policy in the 1970s and 80s (unfortunately, successive governments did not follow through on it). Basically, what you do is:-

1) Encourage car companies to set up plants here. Some will assemble CKD no doubt, but

2) With time, discourage CKD. This was one of the advantages that PAN had over VON. VON usually assembled Completely Knocked Down kits (CKD), while PAN had many indigenous manufacturers that manufactured and supplied them with parts (spark plugs, tyres, mirrors, etc) to the extent that PAN could claim (by the late 1980s) that it made Peugeot 504 cars that were ninety-something percent made in Nigeria. This was why VON suffered more from the implementation of SAP than PAN did.

3) The nigerians that will work in these plants will earn and income and get expertise and income that could enable them to set up on their own in future.

Obiagelli:

Indigenous manufacturer will suffer because it costs more to produce here, else everyone will just start importing parts.

naptu2:


It's a progressive thing. We had a similar policy in the 1970s and 80s (unfortunately, successive governments did not follow through on it). Basically, what you do is:-

1) Encourage car companies to set up plants here. Some will assemble CKD no doubt, but

2) With time, discourage CKD. This was one of the advantages that PAN had over VON. VON usually assembled Completely Knocked Down kits (CKD), while PAN had many indigenous manufacturers that manufactured and supplied them with parts (spark plugs, tyres, mirrors, etc) to the extent that PAN could claim (by the late 1980s) that it made Peugeot 504 cars that were ninety-something percent made in Nigeria. This was why VON suffered more from the implementation of SAP than PAN did.

3) The nigerians that will work in these plants will earn an income and get expertise and income that could enable them to set up on their own in future.

Obiagelli:


Thanks for your insights naptu2, but my question is how does this policy ensure we aint going the VON way? These policy gives almost zero import duty to assembly plants/companies (except i am wrong), how will this encourage them to buy locally?
How do we ensure technology transfer?

Is not enough to say they will employ nigerians, many Nigerians have lost their jobs to these policy already. There are many unanswered questions.

Ngwakwe:


You are wrong and I doubt you actually comprehended every component of this policy.

Re-study the policy before critiquing