NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Car dealers seek reduction of Customs duties, promotion of locally assembled vehicles

By News Express on 17/01/2017

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,098


Some car dealers in Abuja have called on the Federal Government to reduce customs duties of imported cars and to formulate policies to encourage Nigerians to patronise locally assembled vehicles.

The dealers told the News Agency of Nigeria (NAN) on Monday that high customs duties and the high exchange rate of the naira had affected their businesses negatively.

A female dealer at Galadima, who spoke on condition of anonymity, appealed to government to reduce the custom duties, saying “we pay as high as N350,000 for duty on Lexus.”

“We are not against collection of custom duties because we pay in Cotonou where we import cars from and we also pay heavily here.

“You can see, our car stand is empty, custom officers came to pack all the cars that we have not paid the duties; we are begging them to reduce the payment.”

Mr Emeka Ohaeri, a car dealer at Galadima, said that the new policy on the ban of imported cars through land borders had affected the business.

NAN reports that the prohibition order covers all new and used vehicles.

The ban was sequel to a presidential directive restricting all vehicle imports to sea ports. The order took effect from Jan. 1.

Ohaeri of Biggud Global Motors said the government should have encouraged local production of vehicles before the ban on the importation of cars through land borders.

“If you look around at our space, you will see that it is very dry; you can’t see many cars, all you are seeing now is old stock.

“We have not bought any car this year. We can’t even buy cars expect we depend on people that are importing from America.

“It is affecting us seriously. This is coupled with Beninois currency, the CFA Franc and the dollar, that are very costly because we import from Cotonou.”

“A car that we sold for N6 million before now, buyers cannot even get it for N8 million again.”

Nwabor Chris, a car dealer at Galadima, called on the government to suspend the policy.

“The policy has been affecting our business; we sell and we can’t go to the market.

“If they implement it, we will not be able to import cars again because we don’t travel abroad; we go to Cotonou to import.

“Most of us dealers import cars from Cotonou, while some import from the US and clear in Lagos.” (NAN)

Source News Express

Posted 17/01/2017 05:20:29 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
National Economic Council probes NNPC, Federation and Excess...

Army appoints new Commander to lead war against...

Buhari pledges to tackle youth's challenges

Sultan declares Sept. 1, as Sallah day

No plan to scrap DESOPADEC, Uduaghan assures

JAMB registers over 1. 5 million candidates

Man to spend 6 years in jail for...

APC condemns alleged change of leadership in Cross...

Akwa Ibom Govt. allays fears of scrapping free,...

Troops rescue 84 Boko Haram captives

30 (not 15) of the 113 Chibok schoolgirls...

Fashola, Nnaji, Mohammed, others brainstorm on ways to...

 

Latest News Reps summon Buhari over endless killings, pass vote of no confidence on Service Chiefs Court nullifies change of election sequence FG to blame for Benue Catholic Church massacre — Intersociety CAN declares peaceful protest, prayers for freedom of abducted Christian girl Leah Sharibu US militants declare war on foreigners, Muslims Dino Melaye transferred to National Hospital, admitted in Intensive Care Unit Imo Guber 2019: Plot to frame up Madumere thickens Ex-Finance Minister Aganga appointed Queen’s Commonwealth Trust Adviser MTN moves closer to $500m public offer N805m Fraud: Sen. Nwaoboshi arraigned, remanded in prison Drama, as Innoson shuns arraignment for fourth time Coalition scores Buhari high on anti-corruption war.

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (339,942 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (335,026 views) Shameless Genevieve Nnaji exposes breasts in public (268,045 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (220,405 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (202,229 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (198,328 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (173,031 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (155,388 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (147,235 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (139,203 views) Lagos plane crash: Journalist releases victims’ names (137,029 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (129,691 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (36) Business & Economy (3,075) Business Verdict (40) Columnists (838) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (485) Features (569) Global Business Monitor (264) International (1,929) Interview (149) Live Commentary (28) Love Matters (116) News (34,753) Opinion (917) Pidgin (10) Politics (4,817) Religion (724) Sports (1,485) Stock Watch (28) AMA & Al Jazeera Global Update

 

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement