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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 desmondidiot: 12:53pm On Nov 22, 2020 |
Yenefer: How old are you 1 Like |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by grandlexuz(m): 12:54pm On Nov 22, 2020 |
Rugaria: To begin with I doubt any Nairalander owns an Innoson car. Even at peak production can Innoson meet the transportation demands of Nigeria.? 1 Like |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Coolcalmcollect(m): 12:54pm On Nov 22, 2020 |
SavageMaster:idiot when importation was high how many innoson your papa buy? |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by oocyte: 12:55pm On Nov 22, 2020 |
l don't know what innoson is still doing in Nigeria he should move to any African country with good policy and favourable government to do his business and he can still import his car to Nigeria. |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Yeeyo: 12:56pm On Nov 22, 2020 |
stories |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by primestreams: 12:56pm On Nov 22, 2020 |
einsteine: Not enough Want I am saying Just like boeing is to USA Benz to Germany It supposed to be like this |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Minjim: 12:56pm On Nov 22, 2020 |
Officialgarri: Is it only Innosson? It's a bad news for all local car manufacturers 1 Like |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Coolcalmcollect(m): 12:57pm On Nov 22, 2020 |
these people saying they wanna kill innoson motors.... please when the importation was high....how many innoson una papa buy? how many innoson una dey use as Uber?? who tell una papa say na Nigerians dey patronize innoson pass....the rich nigger will sell even if importation is free....so many daft people in his country 3 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by jesmond3945: 12:57pm On Nov 22, 2020 |
ethicallyright:oboy hate no good o. How do you want to be blessed? 1 Like |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by gaddafe(m): 12:57pm On Nov 22, 2020 |
Acjohn: This policy will not affect innoson negatively. Anyone in doubt should explain why they think this policy will affect IVM. Innoson does not manufacture second hand motors but new ones. How many people from other regions even patronise IVM? I can tell you if Innoson can produce a low budget cars for Nigerians, people will leave the tokunbor and buy his brand. IVM is competing with other world known brands in terms of price. How does he think he will succeed? Innoson needs to start thinking like the Chinese if he wants to dominate Nigeria not southeast 6 Likes 1 Share |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by pacespot(m): 12:57pm On Nov 22, 2020 |
ethicallyright: The problem is innoson is aiming for the high taste consumer brand which is not good for him as a startup. He needs to build his business from the bottom up not the other way round. He needs to produce affordable vehicles for middle and low income consumers, then once he gains the control of the market, he can start incorporating those high priced machines. The fact is he does not have brand yet in Nigeria. How many of Nigerian car consumers can compare innoson with other brands they are used to when making their purchasing decision? 3 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by poiZon: 12:59pm On Nov 22, 2020 |
For instance in akwaibom, from uyo to oron is a distance of less than 1hr or 1hr Max. Normally the fare suppose to be 300 then, but it climb to 450 cos of union at the park, police check points. There r more than 6 checkpoints before u reach uyo if coming from oron. Each checkpoint every driver must pay 50naira, multiply this by 6 u have 300. He buys fuel, the union at the park will get their loading fee, security fee etc every trip, u carry Max 6passengers, by the time u deduct all these levies both legal and illegal u r left with little or nothing for urself. If u r on hire purchase, imagine what u will become at the end of the day. All these factors determine the prices of goods and services. If they really want to address transportation cost, look into these illegal levies In states. 1 Like |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by BuddhaPalm(m): 1:00pm On Nov 22, 2020 |
Attit: Import duty is currently 35%, and there's also a 35% levy. Reduction of this levy to 10% is what they are talking about. |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by yusufu16: 1:00pm On Nov 22, 2020 |
Yenefer: If Innoson and Peugeot cannot reduce their price, let them close shop. Their vehicles are unnecessarily expensive. Not all countries produce vehicles yet their economy is doing well. Economy will start booming now. I can now Import vehicle for my laundry business cheap 1 Like |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by oniluuu(m): 1:00pm On Nov 22, 2020 |
This policy will stifle the growth of local automobile industries. However, I wonder on which roads these cars will be driven. ![]() 1 Like |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Nobody: 1:02pm On Nov 22, 2020 |
ivolt: buhari supporter why are you insulting your master nah ...lol |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Ykc2(m): 1:03pm On Nov 22, 2020 |
Innoson car gone |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Proflere: 1:05pm On Nov 22, 2020 |
ethicallyright: That is the exact thing our wicked government should have done with rice and other banned essential product before locking the border in the south and force southerners to consume the rubbishes produced in the north at higher prices. If any northers was in the business of automobile assembling as you called it, would this government ever make this move? It is absolutely obvious how wicked they are. 1 Like |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Plut01: 1:06pm On Nov 22, 2020 |
. Thank goodness. I can now buy my Volvo car at a very cheap price. Make I use am clear some police off our poorly constructed road. . 1 Like |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Rugaria: 1:07pm On Nov 22, 2020 |
grandlexuz:Is it not better for the government to focus it's energy on providing policies to make locally made cars cheaper through targeted investments in companies associated with the supply chain rather than throwing the damn borders open for all sorts of countries that have done so before to flood nigeria with second hand cars? 1 Like |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by TruthinAction: 1:08pm On Nov 22, 2020 |
Na car we go chop? Bag of rice rose from 9,000 naira to about 35,000 naira in the five years of this government. One sachet of tomatoe paste is now 150 naira from 50 naira in Port Harcourt. Open the borders and let food come in. It will bring down the price of every food items and the low income earners can cope. 1 Like |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by pacespot(m): 1:11pm On Nov 22, 2020 |
Rugaria: Abeg let them bring and dump the tokunbo cars on us in Nigeria, it will help many businesses that are struggling with high costs of transportation. This will drive business and commercial activities in the country. A car owner will always find a way to survive no matter how harsh the economic situation in the country is. 4 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by pongwa(m): 1:11pm On Nov 22, 2020 |
ogododo:the world is now fully invested in electric cars so they would like to dump their hydrocarbon cars in third world countries 2 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Pravedk: 1:11pm On Nov 22, 2020 |
To be honest. This is long overdue. Most Nigerians prefer tokunbo to these things innosson is producing-which is expensive. How will I have 22million and buy that gwagon copy when the good original tokunbo is around that price. Dem swear for me? So tey camry come dey expensive. The truth is, toyota, benz,bmw etc are way ahead. Competing with them is a looser strategy. But every car manufacturer have a niche which when pursued will be profitable. Tata in india tried it and understand, so they bought a piece of land rover instead of competing. Hyundai and Kia focus on thier focus-they are making money. Innosson is making money selling trucks for awa police and army. Innosson can focus on keke and minivan, minitruck, pickups and buses, which the government and keep patronising. Imagine innosson producing this type of HIJET minitruck at say N700k brand new? Won't people prefer it if it's reliable? And for God's sake if someone has money let him buy whatever type of car he/she wants. Good policy reversal abeg! Now I can focus on more Hussle to buy an E63 AMG like a real niggar 6 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by vioment: 1:12pm On Nov 22, 2020 |
I like this. Focus on power supply and a clear and solid business Foundation. This is a small step but this also means even more traffic. So road maintenance and even more roads and other forms of transportation. |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by enemyofprogress: 1:12pm On Nov 22, 2020 |
Those of you that understand geography, please what does this mean and what are the implications on the masses? |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by JADEK01(m): 1:12pm On Nov 22, 2020 |
heed101:good idea, I wish this should apply to rice 2 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Tango123: 1:13pm On Nov 22, 2020 |
Rugaria: Those big companies like nissan and others who are already here and assemble in Nigeria will fold up and leave 2 Likes |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Rugaria: 1:13pm On Nov 22, 2020 |
pacespot:Ok ooo More cars on bad roads with high costs of fuel and of course lost revenue and jobs from car assembly plants... Let's see how it goes.. |
Re: FG To Slash Levy On Imported Cars To 5% From 35% by Muhylonaire007: 1:13pm On Nov 22, 2020 |
Yenefer: You are a she-goat ![]() ![]() ![]() 1 Like |
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