Rugaria:

I don't like made in Nigeria rice. Lots of stones. So why am I being forced to eat that with the closure of the borders? How can you support the ban on imported rice, a staple food eaten by Nigerians daily but become happy with the liberalisation of car imports? What changed!? Import bans on rice makes an essential, very costly, while reduced charges on car imports, makes a not so essential product cheaper... The problem with you guys is that you all start off by projecting your rabid tribalism on others. The only good thing in this policy is that Abuja politicians will have more money to spend. Otherwise any critical mind will know that this policy automatically makes Nigeria the dumping ground of used cars in the world. You are going to buys cars. Many cars. But it's still tokumbos used elsewhere. Capital flight with streets and highway littered with broken down caterpillars and lorries. Why bother explaining to you guys? You will always see it from your normal tortured lenses..

You need to do more research about the local rice available. There are indeed very good brands of Local rice...my wife buys a particular brand called Umza... very good and free from stones. We haven't eaten imported rice in my house since last year. Local rice all the way.

By the way...a lot of eateries use local rice for their meals...do your research

Nchenches:


When will you or your kinsmen start to buy from China or wherever, couple and sell here in Nigeria?

Seek knowledge and not all these tribalistic behavior. Must everyone engage in the same business?

To buy that lexus may be easier.

This will definitely discourage smuggling

TruthinAction:
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.

Which is technically easier for Nigerians to produce (food or automobiles?) The government is doing the right thing by adjusting automobile import levies so importers can ship in agricultural equipment that will create more low/high capitalist agropreneurs to stimulate the dying economy, as more jobs mean more corporate and wage taxes. Setting up an automobile factory is capital and technically intensive, so any government stimulus in that sector is a long term investment circa 20yrs and that requires the energy and steel mining sectors to be fully efficient.

Opening the borders for tomatoes paste from Togo is very unwise as there are many Nigerian investors waiting for yield farming sector to jumpstart.

SavageMaster:


Such hate.

I don't think Innoson got things totally wrong so far.

I agree he needs some improvement in his brand.

The level of hate is terrible, I think this is borne out of jealousy

Yenefer:
Sai Baba. Buhari havr to rebuild Nigeria all over again after years of PDP destruction.
Innoson motors? Who cares. We don't

did Nigeria start in 1999?

primestreams:
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

I agree.... innoson could have an exclusive contract with federal government for manufacture of weapons for fighting insecurity in Nigeria.....

Yenefer:
Sai Baba. Buhari havr to rebuild Nigeria all over again after years of PDP destruction.
Innoson motors? Who cares. We don't

This way right

I can now order my dream car when you are done with that

This Buhari govt is very tribalistic and anti-people. All in a desperation to cover up for the failure of customs under his paddy, they closed land border and now want to kill the local auto industry which is southerners dominated. Same govt gave Fowler the boots for not meeting up his KPI at FIRS while they pamper their own Hameed who has failed woefully at customs.
The matter of this car import duty underscores the readiness to sacrifice anything and anyone to get the badly needed funds which have become dire due to their mismanagement of our resources and most importantly our forex.
Why don't they lift the ban on cement for example or rice so that importation can increase if that's what they really want to achieve? Instead of Customs to think out of the box about how to improve their revenue generation, they are prepared to sacrifice the auto industry to satisfy their cash lust.
Shameful!!

BigBashiru:


I agree.... innoson could have an exclusive contract with federal government for manufacture of weapons for fighting insecurity in Nigeria.....

A wise country would have promoted innoson a matter of time with our influence we start exporting to all Africa countries securing the Africa market

This will create more jobs


But no we don't have people that reason with there head in the government


It is all about Looting and oil money



We need some with bigger economic policies

Ijaya123:


How do you manufacture raw materials?

Lol,
Sorry
I meant car parts, instruments stuff like that or even any essential chemicals needed.

omenka:
Na wa ooooo!!!

We complain everyday about how difficult it is doing business due to the burden of tax, duties and levies imposed by the government. Now they say they wanna slash levy and someone thinks IT IS TARGETED AT INNOSON.

Isn't this a normal economic incentive deployed by governments around the world to help boost commerce and stimulate the economy? Why do we always have to bring everything down to tribe and religion in this country?

How do you people's minds work exactly. Gosh!

Nigeria is not and can never be one country we are all managing each other

nograv:


I think it is clearly aimed at IVM..

Firstly you are an economic illiterate. All major economies have duties to protect their industries. Especially those that they wish to develop them domestically.

In Japan, Germany and Koreas case they impose hefty duties on foreign cars to favour their own car makers. The result being that the majority of cars driven in their nation are from national carmakers.

In China’s case to avoid heavy duties you have to build a factory in China as Tesla and BMW have done. Only problem is they steal your tech.

America is an interesting case study the majority of cars they drive are American. But the majority of vehicle US manufacturers specialise in are SUVs, why because a foreign SUV attracts 35% duty if imported. A much lower share of other cars are American made in the US because they attract lower import duties.

If you are going to tell lies at least tell a good one. Protecting domestic industry is the first step in industrialisation. From the Meiji restoration in Japan to the more recent miracle on the Han in South Korea, there is no other way.

Yet again Buhari and his cabal highlight their tribal bigotry and economic illiteracy... clowns

Vote them out in 2023..

Nigeria can't manufacture cars because Nigerians lack the tenacity and meticulousness requires to consistently manufacture high quality reliable vehicles - unless the manufacturing plant is manned by foreigners in addition to Nigerians

ethicallyright:

[b]Jokes aside, local automobile manufacturers should target individuals with low income who would most likely purchase vehicles for full time or part time transportation business to increase their income. In a country where people laugh at you for using a bra


d new current Infinix instead of a second hand iPhone 6 in 2020, it is funny to think that middle income or high income earners would buy a locally produced car for the price they can get a decent Toyota, Mercedes or Lexus.

Produce more fine tricycles , mini buses and partner with hire purchase companies to sell and distribute them to your target consumers who do not drive vehicles for clout. There is a huge potential here. Lagos State and every other State yet to ban commercial motorcycles completely have waiting consumers for such vehicles.

U nailed it sir

I ve said this time without number there is market for innosson in Nigeria if only he knows how to reach them

Check all over

Rugaria:
That will bring more revenue to Nigerias government because it will kill the car importation business through cotonou. But at the same time, it may mark the end of our growing automobile industry. The likes of innoson should worry. Government has chosen more money over greater technology transfers here. Obviously, the government is really cash strapped. Benin republic rakes in billions from Nigerians through the many cars going towards Nigeria that are cleared at her ports every year. It may also improve the quality and models of cars driven in Nigeria. You will be surprised that in relative terms, folks in cotonou drive more recent models of cars than Nigerians. Nigerians have to drive older models because importers pay lesser duties on those, thereby standing a better chance of making more profits... Problem is that the accrued revenue will ultimately disappear into private hands or end up being used to biuld up Niger republic..

How is it going to bring more revenue when forex demand would hit the roof and further drag down dwindling foreign reserves?

What about the assembling plants? Don't they pay taxes? You will lose that, new job creation and even plunge Naira value with persistent scarcity due to potential high demand for the US dollar.

Made in Nigeria, patronise locally made goods goes out if the window.

However, these were not the reason the whole policy was adjusted. It was to reduce cost of transportation of farm produce and ease food item prices, the whole policy is a joke.

Purchase is one off, what about maintenance and sustainability? What about rising fuel price and costs (spare parts and services)?.

This is another poor policy!.

willybaby:
and who pays the subsidy need to slash fuel price

The same person who pays for the slashed import duty.

Rugaria:

Best bet will be to quicken the process of manufacturing most of his raw materials locally. That will be capital intensive tho. Maybe alligning with the Chinese suppliers to set up shops locally.. In better managed environments, government would have helped to prop-up factories to help the supply chain. But this government is more interested in tax and spend. It's very easy to revert to policies like this to jack up revenue in the short term, but domesticating sundry technologies related to the car manufacturing business will ultimately grow the economy/Nigerias industrial base in the long run. There is also the problem of costant change of policies. Most of the big brands trying to open up assembly plants in Nigeria may not go on with the plan. Obviously, tokumbo cars will be cheaper..

Chasis can be made locally, but procuring engines is the bigger issue.
But producing different brands and product line that fit into Nigeria needs is better than trying to mimic foreign brands.
Look at Philippine they see that Tricycle will work for their people and they make it happen

I knew thing will get bad in Nigeria and they will some day realize that when they banned importation of used cars they closed the gate to a lot of wealth and forex transfer into the country. The change in policy is at a desperate time and will not guarantee anything. The need to make port operations easy and transparent in the first place, so people and export and import with ease

olaboy1:


Which is technically easier for Nigerians to produce (food or automobiles?) The government is doing the right thing by adjusting automobile import levies so importers can ship in agricultural equipment that will create more low/high capitalist agropreneurs to stimulate the dying economy, as more jobs mean more corporate and wage taxes. Setting up an automobile factory is capital and technically intensive, so any government stimulus in that sector is a long term investment circa 20yrs and that requires the energy and steel mining sectors to be fully efficient.

Opening the borders for tomatoes paste from Togo is very unwise as there are many Nigerian investors waiting for yield farming sector to jumpstart.

I don't just know how and what to say. U will not understand the untold hardship people are going through because you are not there.

The foreign rice we are trying to prevent from coming in still finds its way in through illegal routes and settlement of security personnel. The result is high prices which automatically pushes up the price of the local rice and other food items.

Our porous borders will not make any policy that has to do with border closure work. This is my point. Things were much better before the closure. Our local rice producers should just get into competition and produce rice at a cheaper and affordable rate.

SavageMaster:


I heard Innoson is expanding to some African countries. I hope it works out for him so it will cushion the effect of this new government decision. Really troubling times.

Tot every country has its own Indigeneous car assembler?

ivolt:
Foolish and regressive policy. Everyone knows that fuel price is responsible for high transportation costs and not import duties. If fuel price is slashed today, the effect will be immediate unlike the duty reduction whose effects is dubious.

Common sense is indeed not common.

Acjohn:
An evidence that Buhari government is confused. Policy instability is one of the things that drives away investors. It was supposed to be time for Igbo man like innoson but because hr is not a northerner, let the policy be changed to disfavor him. What happened to the automotive policy of Nigeria?

As I dey like this now, I don't know where we are headed economically, NNPC have changed from oil producer to oil importer. Resources in the north is for the people that in the south is for the government, Ipob are terrorist while Fulani herdsmen and BH are misunderstood people that government needs to negotiate with.

I won't be surprised if its a northerner that was given a contract and had to lobby for this to be lifted so that he can make good gains, after that government will reverse the policy again.

God help us from this circular motion.

Paddy paddy government.

tsdarkside:


abegi park....!!

how many of you igbos actualy bought innoson cars....??

people dont want made in nigeria....their is nothing you can do about that fact....
you cant force me to buy cassava when i prefer basmati rice from india....

its my money....
what nigeria can still do is providin things that people prefer and not forcin them to what you have....

if nigerians prefer ferraris,then nigeria have to try to build something like ferraris or even better....

Simple.
I don't even like tat innosson brand. Maybe its cos of the design.

tsdarkside:


nigeria has good car mechanics....
profit is still their....

look,am sad to say this....
but not everybody can afford a innoson....

We don't have good mechanics in Nigeria especially in abuja.

Stricklybidness:

Simple.
I don't even like tat innosson brand. Maybe its cos of the design.

abi....
they wan stay lazy and still earn money....

and they shouldnt bring that no electricity,no road bullshitt to me....

i dont care....

ethicallyright:



Nchenches , answer this question first.

People of your sort criminalize entrepreneurs from Igbo land, not only by making stupid policies to encumber their entrepreneurship.

Nigeria will never develop from this.

In every country, technology springs from one part and easily spreads to all parts of the country. In Nigeria, people of your sort criminalize entrepreneurs once they spring up from Igbo land. You hide your head in bullshitting about tribal talks.

ethicallyright:
The over hyped car assembler, loan defaulter and tax fraud disguising as an automobile manufacturer needs to begin an overhaul in his moving coffins packaging company.

---

He may begin by employing a brain filled cone head individual and intelligent innovator like myself to champion electric cars production which is clearly the future.
He should also stop dashing Big Brother Naija's women of easy virtue vehicles they keep as furniture at home and instead drive the Mercedes their "fans " gift them and invest more in Corporate Social Responsibilities like sponsoring brilliant minds to Universities in Europe , China and North America to aid technology transfer that will help his firm grow.

---

Jokes aside, local automobile manufacturers should target individuals with low income who would most likely purchase vehicles for full time or part time transportation business to increase their income. In a country where people laugh at you for using a brand new current Infinix instead of a second hand iPhone 6 in 2020, it is funny to think that middle income or high income earners would buy a locally produced car for the price they can get a decent Toyota, Mercedes or Lexus.

Produce more fine tricycles , mini buses and partner with hire purchase companies to sell and distribute them to your target consumers who do not drive vehicles for clout. There is a huge potential here. Lagos State and every other State yet to ban commercial motorcycles completely have waiting consumers for such vehicles.

This comment is worth more than a billion naira to the right person

Rugaria:

You are noisy..

I agree with you totally on that. I've never seen someone so stupid and insensitive as that Yenefer lady. So much hate in one person. That's bullshit

I wonder what help you want from God when Nigerian Christians got up and left their houses in 2015 to go vote for the worst religious bigot to ever run this country. Then when a few of them got sense 3yrs later they realised that the man had ensured removing him by election would be impossible.

Leave God alone from the outcome of foolish personal decisions.

Just receive Grace to carry the cross of both Buhari and his morally depraved Media Crew whose fake monikers number in their hundreds here and everywhere online.

We that knew what was coming got prepared.

By the way Dollar will cross N1000 long before this govt is done with you.

Niger Republic is being built up with the wealth of Nigeria. That's the goal.

These BMC's on here will suffer also as their stipends will not rise enough to beat inflation. That's the least of their coming woes anyway

Acjohn:
An evidence that Buhari government is confused. Policy instability is one of the things that drives away investors. It was supposed to be time for Igbo man like innoson but because hr is not a northerner, let the policy be changed to disfavor him. What happened to the automotive policy of Nigeria?

As I dey like this now, I don't know where we are headed economically, NNPC have changed from oil producer to oil importer. Resources in the north is for the people that in the south is for the government, Ipob are terrorist while Fulani herdsmen and BH are misunderstood people that government needs to negotiate with.

I won't be surprised if its a northerner that was given a contract and had to lobby for this to be lifted so that he can make good gains, after that government will reverse the policy again.

God help us from this circular motion.

pasol4real:

And you think they like you? Or who your like help?
As for igbos ruling this country that is a done deal. Nigeria will cease to exist if an Igbo person is not president by 2023

You guys have start beating your chest again