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Nairaland Forum / Nairaland / General / Car Talk / Rejection Of Auto Policy Bill Causes Worry In Automobile Industry (1084 Views)
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Rejection Of Auto Policy Bill Causes Worry In Automobile Industry by AutoJoshNG: 1:34pm On Jul 23, 2019 |
According to a report by Daily Trust, there is worry in the automobile industry following the decision of President Muhammadu Buhari to decline assent to the National Automotive Industry Development Plan (NAIDP) Bill. This is coming after four years of legislative fireworks before the 8th National Assembly passed the Bill in 2017. Almost two years after the Bill was passed by the National Assembly, there was uncertainty in the industry when the President failed to assent to the Bill. Industry players and stakeholders were shocked when Buhari recently declined assent to the Bill. No reason was given for the decision. To the stakeholders, the President’s decision to assent to the Bill was an anti-climax in the efforts to attract foreign direct investment (FDI) through the Original Equipment Manufacturers (OEMs) into the industry. According to Daily Trust, the President declined assent into the Bill following a comment from the Nigeria Investment and Promotion Council (NIPC) querying the “pioneer status” granted to manufacturers. What do you think about this? Source: https://autojosh.com/rejection-auto-policy-bill-automobile-industry/ Lalasticlala Mynd44 Ishilove Marpol Semid4lyfe Obinoscopy Seun |
Re: Rejection Of Auto Policy Bill Causes Worry In Automobile Industry by nurey(m): 1:41pm On Jul 23, 2019 |
is the Economy ready for it? Production is not complete until product gets to consumers, if consumers can't afford it, then production isn't complete 1 Like |
Re: Rejection Of Auto Policy Bill Causes Worry In Automobile Industry by hisgrace090: 2:09pm On Jul 23, 2019 |
The bill may be seeking for a 200% import duty on imported cars, trust Nigerians and bizzare request. |
Re: Rejection Of Auto Policy Bill Causes Worry In Automobile Industry by snipesdam(m): 2:36pm On Jul 23, 2019 |
hisgrace090: hmmm What's the bills content? |
Re: Rejection Of Auto Policy Bill Causes Worry In Automobile Industry by RZArecta2(m): 4:24pm On Jul 23, 2019 |
Baba wey mumu doesn’t like anything that’s good for this country |
Re: Rejection Of Auto Policy Bill Causes Worry In Automobile Industry by timifakay(m): 4:08am On Jul 25, 2019 |
AutoJoshNG: What is the bill? And, what does the bill aim to achieve? |
Re: Rejection Of Auto Policy Bill Causes Worry In Automobile Industry by AutoElectNG: 12:26pm On Jul 28, 2019 |
Evil day postponed but for how long?
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Re: Rejection Of Auto Policy Bill Causes Worry In Automobile Industry by chukel(m): 2:36pm On Jul 29, 2019 |
hisgrace090:exactly. The bill is seeking 70% tariff on imported vehicles. Reckless bill. Our legislators are senseless. People will come here and condemn the president when he is actually doing us goods. There are better ways to see the auto policy come to effective fruition 1 Like |
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