The Association of Nigerian Licensed Customs Agents (ANLCA) has appealed to the Federal Government to designate Seme as the only approved border point to make payment for imported vehicles through the land border.
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The Federal Government has been advised to re-view the automotive policy, which imposes 70 per cent levy on imported vehicles, pending the mass production of made-in-Nigeria vehicles.
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Only 350 new vehicles were imported by Nigerian auto firms in the first quarter of this year, which shows a drop of about 90 per cent over 3,500 recorded in the same period last year.
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Nigeria’s Auto Industry is expected to import and sell between 8,000 and 10,000 new vehicles this year, which is lower than the 15,000 projected at the end of last year.
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Many dealers of fairly-used imported cars otherwise known as “tokunbo” in Kano have resorted to other businesses since the Federal Government banned the importation of vehicles through the land borders. Some of the dealers said on Thursday that they found it necessary to shift to other businesses in order to survive the current economic recession. The dealers said that the […]
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In the next two weeks, the ban on importation of vehicles through the land borders would be two months. It is one policy measure that would have impact on many Nigerians. Already, the effect is beginning to be felt by various stakeholders. The effect could either be positive or negative. For the ports, the landlord of the system, the Nigerian […]
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