BUYING IN A HASTE Buying a car is totally different from buying hot wheels cars from Shoprite’s toy rack; where kids spot the toy of their choice, point a finger and it’s theirs in a minute. As we all know, the kid may damage the toy before the next day.
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Importers of used vehicles will soon face the task of ensuring that such automobiles are accompanied by valid certificates of road-worthiness from the countries of origin, to indicate that they do not pose health and motoring hazards, before they can be allowed into the country.
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Contrary to reports that the National Automotive Industry Development Plan (NAIDP) policy was punitive and responsible for the increase in smuggled vehicles, the National Automotive Design and Development Council, (NADDC) has said that the agency was shocked that the policy has been blamed for increased prices of imported used vehicles, otherwise known as ‘tokunbo’ when the provision to levy them […]
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The Federal Government will not totally ban the importation of fairly used vehicles (Tokunbo) until a robust finance scheme is launched to enable Nigerians to buy brand new ones, the Director General, National Automotive Design and Development Council (NADDC), Jelani Aliyu, has said.
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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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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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