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Nairaland Forum / Nairaland / General / Car Talk / FG To Slash Levy On Imported Cars To 5% From 35% (51697 Views)
N1000 Vehicle Proof Of Ownership: Nigerians Reject Newly Imposed Levy / China Begins Export Of Second Hand Cars To Nigeria / Automobile Workers Kick Against FG Move To Slash Vehicles Duty To 10% (2) (3) (4)
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Re: FG To Slash Levy On Imported Cars To 5% From 35% by DaInferno(m): 10:53am On Nov 22, 2020 |
Yenefer:you are deeply fkd up! get help there are no parties, just "people" 4 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by SavageMaster: 10:54am On Nov 22, 2020 |
inoki247: Bros, the thing tire me oh. Almost spending thrice or more the cost of buying a car, just for shipping and clearing. |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by heed101(m): 11:14am On Nov 22, 2020 |
Those shouting that they want to kill lVM, how many IVM can you count in your area or on our roads? IVM can carve a niche of producing luxury cars and the rich will patronize him. I dont think the material cost incurred can make IVM produce affordable cars. Govt reducing import duties is a welcome development. It will boost our ports activities and more jobs would be created. Consumption of fuel will be increased and create more revenue to the Govt. What about spare part market that has been dwindling due to low demand of spare parts? A new shift will come into the market. Good development I must say. 15 Likes 3 Shares |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by ogododo: 11:15am On Nov 22, 2020 |
Dem must return my 30% for Toyota corolla Lalasticlala 1 Like |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Coldie(m): 11:15am On Nov 22, 2020 |
Let them do it abeg its only in Nigeria that car is a big thing. Nigeria will be setting rates on things that is not equivalent with peoples incomes 2 Likes 1 Share |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by denko(m): 11:19am On Nov 22, 2020 |
Why not on importation of rice. Why on vehicles omenka: 3 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by omenka(m): 11:23am On Nov 22, 2020 |
denko:It is TARGETED AT IGBOS please. I don't have the strength to engage in a nonsensical argument. You guys should believe what you wanna believe and assume what you wanna assume. That is your right and your business. Bye. 11 Likes 1 Share |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by dawnomike(m): 11:23am On Nov 22, 2020 |
ivolt:your comment is the first logical and most sensible of all I have read here. Thanks for seeing beuond mere folks 4 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by omenka(m): 11:25am On Nov 22, 2020 |
heed101:If these same people are given 5 million for instance, to buy a freshly made Innoson or a tokumbo Toyota, they'd go for the Toyota, YET, the policy is aimed at an Igbo businessman. It is just hopelessly tiring arguing with these guys. 12 Likes 1 Share |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by celwonder(m): 11:25am On Nov 22, 2020 |
Software acquisitions as capital expenditure?? So like dis, one politician will embezzle money and label it that he used it to purchase a (failed or low version of) software if a probe is carried out? Nigeria, I hail thee. |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Nobody: 11:36am On Nov 22, 2020 |
Rugaria: She is right and you are an ethnocentric Igbo bigot unable to see the big picture and only interested in what benefits Igbo individual rather than what is in the interest of millions of Nigerians in the biggest black nation on Earth. Nigeria must take drastic steps to secure locally innovated and home-driven economic growth post covid socio-economic devastation because all other nations of the world will be too busy trying to spark their own economy to life to even be interested in helping us. Put your bigotry aside for a second if you can. Innoson should respond and slash price to compete or get out of the way. Any truthful Nigerian businessman will tell you it is criminal for bulk head articulated lorries to continue charging in excess of 400k to transport goods from Lagos to even Minna simply because owners of these lorries paid huge duties to import them and accordingly need to recoup their capital outlay. Crash the price and watch competition fashion a truly competitive transport and haulage sector that will help many businesses grow and thus aid the economic progress of Nigeria. 11 Likes 2 Shares |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Nobody: 11:47am On Nov 22, 2020 |
omenka: Abi. Igbos are simply irredeemable. I have always said no nation can make progress hosting enemies-within and saboteurs with persecution complex most Igbos are. This is purely a logical economic decision any pragmatic Nigerian businessman, needing to transport goods across Nigeria, would understand, support and laud. Haulage cost actually even does a huge disservice to food transport and, ultimately, food security across Nigeria. This is because of the huge duties levied on the importation of commercial vehicles, lorries, vans and articulated heads that discourages many investing in this sector thereby leaving it uncompetitive and very costly for end users. Trust Igbos to always make everything about themselves because of an overblown sense of their own participation and worth to the Nigerian economy. 10 Likes 2 Shares |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Darkerberry: 11:59am On Nov 22, 2020 |
Slashing import duty or not should have just little or no effects at all on innoson.. IVM autos have never been that affordable for the common masses and if govt still doesn't slash the taxes cars will continuously and endlessly be snuggled in from the ever porous borders.. 7 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by niyidenrele: 12:00pm On Nov 22, 2020 |
Reduce the money for people to buy cars, let them buy at a cheaper prices, then later increase the fuel prices to #200,so that people will complain less , mind you Dangote Refineries would soon start production, there serving as a source to consume his fuel 9 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Nobody: 12:08pm On Nov 22, 2020 |
Darkerberry: Exactly. The immaculate and mechanically sound articulated head below is an examples of the type Nigeria need to aid her haulage sector. At 15k euros, then add 35% duty and many miscellaneous charges, this is simply beyond the power of many but the Dangotes and BUAs of the world. This move is long overdue and one I am sure would not have happened but for the economic devastation of covid-19. 1 Like
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Re: FG To Slash Levy On Imported Cars To 5% From 35% by primestreams: 12:22pm On Nov 22, 2020 |
Yenefer:In a sane country company like innoson would have been supported by the government to start producing military equipment and weapons We might even start exporting But Africa will always be Africa 4 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by menix(m): 12:30pm On Nov 22, 2020 |
He should also allow importation of rice.. But Nope, they will give us reasons favoring their ineptitude ... I hope cotonu will place 0% tax on imported cars, so that we can have a government that will pay shipping cost.. |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by tnerro1(m): 12:33pm On Nov 22, 2020 |
Good, I need a new Benz 350 ooooo, 2020 model ![]() 5 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Farki: 12:35pm On Nov 22, 2020 |
Wow a rare moment of sense in this administration. 1 Like |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by chyket(m): 12:35pm On Nov 22, 2020 |
Good decision by Federal government!!, how many average Nigerians have been able to purchase these locally assembled vehicles?their prices are too expensive and arbitrary. The prices of locally assembled peugeot and volkswagen vehicles were very affordable in the 70s and 80s and that's why they were so successful. The current exchange rate of the naira has also negatively affected the local Assembled vehicles because the cost SKD(semi knocked down) parts keep going up and it's also reflected in the final price of the vehicle. Most of the low income Nigerians now depend on 3rd hand Nigerian used vehicles to meet their needs. Most Countries where the locally assembled vehicles business is thriving is normally backed up by a very robust credit system that enables the citizens to purchase vehicles and pay on a long term basis.Nigeria has no credit system for vehicles currently and that's why the Locally assembled brands are struggling. 9 Likes 1 Share |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by iLegendd(m): 12:35pm On Nov 22, 2020 |
Dancing. Amdman, dance with me. Though, in every good thing, there is a hidden bad side to it. 1 Like |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by jaxxy(m): 12:36pm On Nov 22, 2020 |
Officialgarri: The economy is suffering, innoson must improve to be be competitive. It has already built strong customer bAse it must work on self development to improve on that not relax on high taxation on imported cars. |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Farki: 12:36pm On Nov 22, 2020 |
menix: Buhari closed the borders before in the 80s, read about his tenure as military Head of State. Same dog, same tricks. 2 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by bluefilm: 12:36pm On Nov 22, 2020 |
Wow! Time to buy correct ride don reach o. ![]() ![]() ![]() 1 Like |
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