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Nairaland Forum / Nairaland / General / Car Talk / New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 (39104 Views)
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Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by PStacks(m): 11:50am On Dec 31, 2014 |
I'm so happy. Very soon they will push the masses to the extreme that they can't take it no more then a Revolution would break out.. Its either that or we vote Buhari. |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Nobody: 11:50am On Dec 31, 2014 |
IyfeNamikaze: Which ivm cost 1m to 1.5m pls ham intrested? I hope its nt the picanto series? |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by babaijesha: 11:54am On Dec 31, 2014 |
Onegai:. That's exactly the problem with our policy makers in Nigeria, lazy policy makers. Let them create conducive environment for indigeneous companies by fixing the Steel Industry. At least companies will be able to source for components locally thus making their cars affordable and cheap. Buyers will patronise these cars once they can get it cheap and leave Tokunbo cars. 1 Like |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by ajibsca: 11:55am On Dec 31, 2014 |
IF I MAY ASK MR ECONOMIST ,WHAT BRAND OF CAR DO YOU DRIVE ? INNOSON OR ANNAMCO AND DID YOU BUY BRAND NEW ? PEOPLE ARE TRYING TO MAKE ENDS MEET IN A COUNTRY WHERE NOTHING IS WORKING AND YOU ARE HERE SENTIMENTING THEIR RUBBISH POLICIES THAT WILL ONLY HARM YOU AND I FINANCIALLY. THE TARIFFS THEY HAVE BEEN MAKING ALL THESE YRS, WHAT HAVE THEY USED IT FOR ? PURCHASE OF PRIVATE JETS WHILE THE AVERAGE CITIZEN IS STILL BEING OWED USELESS MINIMUM WAGE FOR MONTHS. WELL AS FOR ME ,TOYOTA AND HONDA UNTIL THEY CAN START PROVIDING CAR MORTGAGES/PAYMENT PLANS AND THE LIKES THAT WILL BENEFIT AVERAGE PEOPLE LIKE YOU AND ME. LESS I FORGET,IF YOU BUY A GOOD TOKUNBO CAR WITH GOOD MAINTENANCE HISTORY, YOU WILL HAVE NO PROBLEMS WHATSOEVER WITH A USED CAR. kennaustine: 4 Likes |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by chidi01(m): 11:56am On Dec 31, 2014 |
Everybody is shouting change, change. But we fail to see the change that the present government is effecting in different sectors of our economy. One thing we fail to understand is that Nigeria cannot be fixed in a day, it's a gradual process to get to the promise land, and all I see is this government laying solid structures for economic growth. We want change but if we put sentiments aside we will see that the change is happening. If there is a change in government and the new government doesn't continue with the good policies and plans of this present government, it would have failed. Let's not forget that there's no gain without pain. Rome was not built in a day. There's no messiah that will do it overnight, not even buhari, cos he tried it before and ended up in a mess, which necessitated his removal. 1 Like |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by SaiBuharii: 11:56am On Dec 31, 2014 |
Whynotthetruth: Ok. |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by eaglechild: 11:56am On Dec 31, 2014 |
STALLION Motors last weekend took the wraps off one of its locally assembled Hyundai models at an interactive session with local automobile media in Lagos. The Grand base model is priced under N2 million. The Hyundai Grand i10 as it is named is an elegantly compact family sedan that comes in two variants with 5-Speed manual and 4-Speed automatic transmission and powered by 1.25 Kappa Dual VTVT engine respectively . IyfeNamikaze:Hyundai Kia http://www.vanguardngr.com/2014/10/stallion-motors-unveils-made-nigeria-hyundai-grand/ 2 Likes
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Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Fourwinds: 11:57am On Dec 31, 2014 |
eedris07:yes we go increase am. By 2016 we go remove fuel subsidy completely. Dis is d time to deal with poor. By d way y must u be poor.....FG |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Collynzo22: 11:58am On Dec 31, 2014 |
PStacks:Do you know the policies that were implemented under Buhari? This is like heaven compared to them. |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by eaglechild: 11:58am On Dec 31, 2014 |
IVM fox made in Nigeria
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Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by lekside071: 11:59am On Dec 31, 2014 |
kennaustine: Your analysis is like that of person that wants to start building a house from the ROOF! Its a good idea when all the foundation required to make it work is in place. And its suppose to be in stages after an alternative means has been created.who is going to buy the new car? With what resources? Where are the jobs? Comparing our economy with that of advance countries where loans are easy to obtain using only your citizenship as a collateral.What are the alternative? Responsible government that have such policies have good transport,rail system for people to fall back to.But this case is like leaving a month old baby in the colds of the night.This is not a people oriented policy.The manufacturers and capitalist are the winners here.I think we need a change .Lets try someone else at least.My future and my sons future is at stake.Nigeria stand up and vote out GEJ. 3 Likes |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by frank442: 12:05pm On Dec 31, 2014 |
He must go if a white man is leaving he must shit On the chair |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by oliverjiad(m): 12:05pm On Dec 31, 2014 |
Montaque:I mean the vehicles part is on CDK,thats the part are imported as well,what I mean is it'll be compelled here in nigeria as finished product not manufactured |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by hillso7(m): 12:06pm On Dec 31, 2014 |
GEJ, we're really going to praise and miss you when you leave office by 2015. I think I'll blame this on the opposition again. SMH for clueless president. |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by saintopus(m): 12:07pm On Dec 31, 2014 |
Tinubu: You were on point in your first few paragraphs, then you change to political, then to name calling an expression of hatred!!! Then the whole post becomes highly illogical. You cannot eat your cake and have it!! |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Tibins(m): 12:12pm On Dec 31, 2014 |
ShakurM: This not a surprise, the announcement has been made since months ago. Nigerians are all aware of it. But we have to weigh it between how many people are getting employed through the auto policy, how many people are already learning the new skills now from these companies, technology transfer that comes such, ofcourse with time and what type of cars we want. The other day the Ogun state gov was celebrating the massive land aquisition for establishment of these auto assmbly plants / fabrication yards. Sure so many are getting employed. Why do we always like finished goods....? Can't Nigeria start doing something, at least start small...? This is exactly why Nigerians build refineries in other countries, creating jobs for them, here we are lammenting at every step govt takes; irrespective of what long term benefits it holds... untill we know what we really need we will keep complaining. |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by redcliff: 12:15pm On Dec 31, 2014 |
chidi01: Rather than cut the tree from the root in an environment where you know thay when it falls, it can cause alot of damage and hurt people, first of all start cutting it from the top, cut a few branches before proceeding to cutting the tree itself step by step in small bits.. im likening this automotive policy to the story of the tree.. the govt just cut this tree in two places..its going to cause more harm than good 2 Likes |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by eeeeeee: 12:15pm On Dec 31, 2014 |
Kia optima made in Nigeria. http://www.kiamotorsnigeria.com/first-kia-rio-made-nigeria-1-98m/
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Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Nobody: 12:17pm On Dec 31, 2014 |
This administration is actually BRAIN DEAD. Let me break this down: Discouraging imports is great for stimulating local economy: WHEN THE LOCAL PRODUCTION ACTUALLY EXISTS. For too many things in Nigeria, the consumption FAR EXCEEDS LOCAL PRODUCTION. The market actually depends on importation for SURVIVAL. You can't buy what doesn't exist. So what does this mean? People will continue to import because they HAVE to, even with the increased import taxes: • They will just pay the increased cost--defeating the purported goal of reducing imports • They will bribe someone--increased corruption • They will smuggle it in from neighboring countries--giving more money to other countries The last is the most likely outcome, as it is already happening. I'm sure car dealers in Benin Republic want to kiss our administration. Look at this picture of a car lot RIGHT NEXT to the border. Those cars weren't made in Benin. 10 Likes 4 Shares
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Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by eaglechild: 12:18pm On Dec 31, 2014 |
eeeeeee: Thanks for helping From your link, it looks like the Kia Rio that is made in Nigeria will cost N1.98 million |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Kingspin(m): 12:19pm On Dec 31, 2014 |
kennaustine:Stop wondering! Buhari didnt attend common secondary school level certificate so it affecting his fellowers even graudates among them. 1 Like |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Youpele52: 12:21pm On Dec 31, 2014 |
This is only to support the New Automative Policy… to encourage made in Nigeria, & assembled in Nigeria car-PLANT. Creating employment opportunities and bringing a national pride::::that feeling you get when you drive a car made in your own country/assembled in your country. Why Nigerians no fit get sense support this beautiful policy na every thing ona go criticize. You want CHANGE, but there's no change anyway without SACRIFICE. This is change in the right direction. The Federal Government introduced a tariff of 70% on used cars and buses effective July 1, 2014. Side by side with that, the government approved import duty waivers on imported Completely Knocked Down (CKD) components while Semi-Knocked Down (SKD) components will attract only 10% duty without any levy. The policy was geared at stimulating local manufacturing and assembly of cars, attract investment in the sector, encourage technologically advanced manufacturing activities so affordable cars could be produced her and generation of employment. At the moment, the Stallion Group has started the assembly of Nissan and Hyundai vehicles from their assembly plants while Peugeot Automobile Nigeria Plc also recently rolled off the first set of ‘made-in-Nigeria’ vehicles. The policy has its critics as well like those who argue that such a policy being initiated in the midst of an undeveloped steel industry and comatose power was not well thought out. Another criticism is the absence of automotive components supply base and other cluster industries. http://www.thescoopng.com/2014inreview-atm-charges-books-tariff-automotive-policy-nirp-top-10-govt-policies-2014/ 1 Like |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Montaque(m): 12:23pm On Dec 31, 2014 |
oliverjiad:some parts are locally sourced. Upholstery,side mirror,glass,bolts nd nuts,headrest furs,rubber nd plastic parts etc. These areas are produced locally,and they are jobs to some people. The technicians that fix n assemble the vehicle are also employed. 1 Like |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by eaglechild: 12:23pm On Dec 31, 2014 |
MissMeiya: Please go through the above posts and quit your cut and join economics. Made in Nigeria cars abound. What we should be talking about now is the next frontier which includes soft financing of car purchase which is already happening as well as ability to lease and rent vehicles all these can only be possible with local manufacturing in place. |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Youpele52: 12:24pm On Dec 31, 2014 |
[quote author=mcgboye post=29358563] This is only to support the New Automative Policy… to encourage made in Nigeria, & assembled in Nigeria car-PLANT. Creating employment opportunities and bringing a national pride::::that feeling you get when you drive a car made in your own country/assembled in your country. Why Nigerians no fit get sense support this beautiful policy na every thing ona go criticize. You want CHANGE, but there's no change anyway without SACRIFICE. This is change in the right direction. The Federal Government introduced a tariff of 70% on used cars and buses effective July 1, 2014. Side by side with that, the government approved import duty waivers on imported Completely Knocked Down (CKD) components while Semi-Knocked Down (SKD) components will attract only 10% duty without any levy. The policy was geared at stimulating local manufacturing and assembly of cars, attract investment in the sector, encourage technologically advanced manufacturing activities so affordable cars could be produced her and generation of employment. At the moment, the Stallion Group has started the assembly of Nissan and Hyundai vehicles from their assembly plants while Peugeot Automobile Nigeria Plc also recently rolled off the first set of ‘made-in-Nigeria’ vehicles. The policy has its critics as well like those who argue that such a policy being initiated in the midst of an undeveloped steel industry and comatose power was not well thought out. Another criticism is the absence of automotive components supply base and other cluster industries. http://www.thescoopng.com/2014inreview-atm-charges-books-tariff-automotive-policy-nirp-top-10-govt-policies-2014/ |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Nobody: 12:26pm On Dec 31, 2014 |
eaglechild: It appears you didn't read my post. Translate "abound" into numbers, dumbass. The market cannot support Nigerian consumption. Cut and join economics? You're obviously too stúpid to comprehend what I wrote. If you owned a business in Nigeria, you would know exactly what I'm talking about. Fúcking ídiot. 3 Likes |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by megacool360(m): 12:28pm On Dec 31, 2014 |
redcliff: Now, much as chipping it in gradually would have been a nice step to take, the whole idea behind the bulk increase (like someone had pointed out earlier) is to make cost of acquiring a tukumbo car unattractive to the buyers as they'd consider it quite costly to purchase hence, improving the chances of people going for the home-mades (new cars of course). But if one still feels one can't settle for the home-mades, then the one is free to cough out the huge duty and go for his/her taste enriching the national treasury. The policy targets patronizing better our own local auto industries and shifting away from so much dependence on importation of automobiles. I believe a govt that has the interest of her people at heart is one that will deem it fit to stifle importation of certain commodities and simultaneously enhance her nation's domestic industry of such commodities thereby creating employments and increasing GDP than the one that will be lenient on importation thereby stifling the productivity of her own domestic industries that deal on such commodities. It may seem harsh on the short-run but the long-run reward is so phenomenal. The only issue here is, if the Nigerian factor that has often murdered so many promising policies like this can be dealt with to let the policy be implemented successfully and thrive. |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by ShakurM(m): 12:30pm On Dec 31, 2014 |
Tibins:Oh. duly noted sir. |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by eaglechild: 12:31pm On Dec 31, 2014 |
ajibsca:Many people perish because they lack knowledge. Information is power. Explore your environment. http://www.kiamotorsnigeria.com/kia-partners-diamond-bank-auto-loan-scheme-emi-low-n37000/ http://www.kiamotorsnigeria.com/kia-motors-nigeria-patrners-fcmb-auto-loan-finance-scheme/
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Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by Nobody: 12:32pm On Dec 31, 2014 |
The Nigerian government is always putting the cart before the horse. Stimulate local PRODUCTION first, until it is able to meet local demand, before you cut off imports. Ease of doing business in Nigeria should be a priority, to encourage manufacturers: security, infrastructure (roads, power, water), oversight on dealings with government to make it faster, less expensive, and less corrupt. Speaking from experience, if doing business in Nigeria was less like being a cowboy in the Wild Wild West, increasing production to meet demand would not be a problem, and Nigerians would happily patronize local products, as they would naturally be cheaper. 2 Likes |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by ShakurM(m): 12:32pm On Dec 31, 2014 |
![]() darediamond: |
Re: New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 by millionboi(m): 12:36pm On Dec 31, 2014 |
Increase o or no increase im gonna add more |
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