Fidelity bank banner UBA banner
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: 1,298


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

 

You may also like...
Jonathan dribbles Ndigbo, fails to make Ihejirika Chief...

Over 150 competitors, 20,000 people to attend skills...

Battle rages between troops, Boko Haram in Borno...

APC Zonal Chairman declares Senator Shehu Sani’s suspension...

Femi Fani-Kayode blackmails ex-lovers with sex tape?

E24-7 Magazine launches ‘Nollywoodnewsnow On Radio’

El-Rufai appoints new heads for KAPWA, RUWASSA, CSDA...

Lagos Govt., FG battle over waterways

6 dead, 12 missing as 2 boats collide...

Kachikwu emerges President of African Petroleum Producers Organisation...

Kaduna Govt. at war with banks

Amosun mourns Justice Akanbi, hails ‘enviable’ legacy

 

Latest News BREAKING NEWS: Ex-Head of State Ernest Shonekan reported dead Senate rejects inclusion of South East reps in Security Council Buhari support group accuses three governors of sabotage University don commits suicide in Benue Army Chief announces Operation Crocodile Smile III, states objectives Outcry over alleged imposition of the son of Aisha Buhari’s aide as APC candidate Military gives militia December to vacate Benue, Taraba, Nasarawa 2019: Picking Peter Obi will not make Yorubas vote against Atiku — Ajulo Court grants SERAP leave to compel Fashola over ‘N900bn spent on power privatisation’ 2019: Anambra leaders, Ohanaeze assure Atiku of South East support Release of looters’ list didn’t violate rights: Court Kaduna crisis: 24 hours curfew relaxed in parts of metropolis

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (409,384 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (383,831 views) Shameless Genevieve Nnaji exposes breasts in public (316,254 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (260,061 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (238,615 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (225,056 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (205,007 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (186,442 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (171,320 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (166,463 views) Lagos plane crash: Journalist releases victims’ names (162,152 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,821 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (70) Business & Economy (3,708) Business Verdict (52) Columnists (949) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (561) Features (660) Global Business Monitor (305) International (2,568) Interview (165) Live Commentary (28) Love Matters (145) News (39,858) Opinion (1,127) Pidgin (13) Politics (7,372) Religion (885) Sports (1,740) Stock Watch (35) AMA & Al Jazeera Global Update

 

NLNG Prize for Literature 2018

Zenith Zero Balance

CBN banner

Firstmobile banner

 

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement