Connect with us

Metro News

Govt Not Banning Importation Of Used Cars – Aganga

Published

on

Car-Imports

The Minister of Industry Trade, and Investment, Olusegun Aganga, Thursday said the new automobile policy announced earlier in the week was not aimed at an outright ban on the importation of used vehicles, as suggested by opinions in some quarters.

Aganga stated that the policy would focus on promoting investments in affordable made-in-Nigeria vehicles on the long-run, and has nothing to do with a ban on importation of used cars.

Speaking in Abuja, while intimating journalists with the content of the new automobile document tagged: “New Automobile Industrial Policy Development,” was on Wednesday approved by the Federal Executive Council (FEC), Aganga clarified the government’s position on the matter, saying: “This policy will not result in the banning of the importation of vehicles in Nigeria but focus on promoting investments in affordable made-in-Nigeria vehicles that will in future minimise the importation of vehicles.”

The minister explained that what government had done was only to raise tariff on importation with a view to discouraging the influx of used vehicles into the country, while also encouraging local manufacturing.

However, some Nigerians remain unconvinced, saying the policy would raise the price of the used cars which had until now afforded many Nigerians the opportunity of owning their own cars.

Aganga maintained that no responsible government would ban importation of used cars without putting in place viable alternative.

“The importation of Tokubo cars will not be a major threat to the plan. Production of vehicles is in stages and involves a long process. You do not remove a thing without providing a viable alternative.

“We must also continue to make sure that we educate Nigerians to understand that it is cheaper and better to buy a new car that can be serviced locally, than importing a car that after one or two years, you cannot maintain and you lose your money. We are determined to provide alternative for them,” he explained.

He lamented that while at present, the total contribution of the manufacturing sector to the country’s Gross Domestic Product (GDP) remained at all low 4.5 per cent; auto industry alone in South Africa contributed seven per cent GDP.

“In many countries around the world, the automotive industry plays both strategic and catalytic roles in economic development, particularly in employment creation and wealth generation; small and medium enterprises developments (as it relates to auto parts components and services); skills development and technology acquisition,” Aganga said.

Director General, National Automotive Council (NAC), Mr. Aminu Jalal, also spoke of the advantages of the policy, saying it would help to open up the industry to many international automotive manufacturers.

For instance, he said, Toyota, Nissan, Renault and GM had indicated keen interest to invest in Nigeria following the development of a comprehensive automotive development plan.

“These companies are now conducting a feasibility study on vehicle assembly in Nigeria, assuming that a comprehensive automotive plan will be in place. The elements of the plan, which will ensure competitiveness and increase productivity of the sector, are: industrial infrastructure improvement, skill development, standards, investment promotion, market development and anti-smuggling measure.”

Chief Executive Officer of PAN Mr. Ibrahim Boyi, commended the federal government for the new initiative, but urged it to map out strategies for a gradual banning of importation of used vehicles.

“It is something that we have been clamouring for and something we have been hoping for. When you look at the performance of the industry, it has been a very unfortunate situation for the country.

“Apart from the environmental effects, importation of Tokunbo cars has remained a great challenge to the industry. Most of the vehicles that are being shipped into the country fall short of the stipulated environment standards of the exporting countries,” he noted.

Continue Reading
1 Comment

1 Comment

  1. michael

    October 4, 2013 at 2:50 pm

    that’s a good move if nigeria has a
    company that produce cheap cars
    at the moment. The only
    indigenous car manufacturer~
    innoson prices are very expensive. http://www.naijatechportal.info/2013/07/
    made-in-nigeria-vehicles-
    reality.html?m=1

Leave a Reply

Your email address will not be published. Required fields are marked *

Metro News

Femi Otedola Reacts To Lekki Tollgate Shooting

Published

on

Femi Otedola Finally Reacts To Lekki Tollgate Shooting
Femi Otedola

Femi Otedola

Nigerian businessman, Femi Otedola has finally reacted to the shooting that took place at Lekki Tollgate, Lagos on Tuesday.

Information Nigeria recalls men dressed in military wears opened fire on unarmed #EndSARS protesters, who convened at the area.

Otedola took to his Instagram page on Sunday to commiserate with the families of those who lost their lives in the unfortunate incident.

Sharing a photo of the Nigerian flag, he wrote;

“The horrors that have been unfolding in our country have left me filled with sadness. I deeply commiserate with those who have lost their loved ones and as a father, I share the sentiment of my three daughters who protested in Lagos and London. As a young boy of 16, I participated in the ‘Ali Must Go Protest’ of 1978, so I understand the determination of our youths who rightly want our country to be better. We must all do our part to make Nigeria great! I will continue to do my own quota in providing for those who are most in need of support in our country in these tough times .…F.Ote💲”

Read Also: Femi Otedola Spotted Dancing With His Children (Video)

See his post below:

Otedola’s post

Otedola’s post

Continue Reading

Metro News

“Oke Wasn’t Killed By Stray Bullet, He Was Stabbed By Thugs” – Brother Claims

Published

on

“Oke Wasn’t Killed By Stray Bullet, He Was Stabbed By Thugs” - Brother Claims
Oke

Oke

Information Nigeria recalls a graphics designer identified as Oke, was killed hours after tweeting “Nigeria will not kill me” on Wednesday.

It was reported that the young man had passed away after he was hit by a stray bullet.

The deceased’s younger brother, Daniel has come out to clear the air regarding the circumstances leading to his death.

Daniel revealed his brother was stabbed on the neck by thugs who infiltrated and ransacked their home.

In his words;

Good day, My name is Obi-Enadhuze Daniel younger brother of the now deceased Okechukwu Obi-Enadhuze @O_Okee . I, my brother and mother lived at makinde police barracks, mafoluku, Oshodi, Lagos State.

Today at about 11 o’clock in the morning the police station at makinde was attacked by thugs who wanted to destroy the station, I my mom and brother were holed up in our house.

 The attack went on for hours before the thugs eventually breached the police and proceeded to set the station on fire, after accomplishing this they set their sights to the barracks and began the assault, they proceeded to destroy every car in the barracks, my mom’s 2 cars where destroyed and set on fire and then they infiltrated our house by breaking the door they then proceeded to ransack the house and carted away with everything we own. 

 my brother on trying to get them to take everything but spare us was pushed to my mom’s room and stabbed on the neck, the attacker then proceeded to attack me but missed my neck but got my chin instead, after this my mom and I carried my brothers body to the entrance of the station soliciting for help from the thugs still ravaging the barracks, we were finally able to put him in a wheelbarrow and took him to a hospital where he was rejected because “he was already dead” unfazed we moved him to another hospital where he met the same treatment this was where he bled his last drops of blood and died, his body has now been moved to a morgue

we have lost every single thing we own, as our house was completely ransacked and set on fire the only thing left is my brothers phone and at about 8 o’clock this evening the barracks was still on fire but Okechukwu has paid with the ultimate price

I and my mother are homeless with nothing now but we’re safe for now, we thank everyone that has been able to reach out to us, and were able to share consoling words with us in these trying times, God bless you

While we were holed up in the house the three of us said these words together and we say it again ” THREE OF US ARE HERE, THREE OF US ARE TOGETHER, THREE OF US ARE SAFE”

Let it be known that my brother @O_Okee  was NOT killed by a police bullet but died a hero protecting my mother and I.

If you see this please retweet, let the world know how Okechukwu died. He was NOT killed by a police bullet but thugs in his home!”

Read Also: RIP Oke: Barely 3hours After Tweeting “Nigeria Will Not End Me” #EndSARS Protester Dies From Gunshot

See his post below:

Continue Reading

Metro News

Youths Burn Down Sanwo-Olu’s Mother’s House In Lagos (VIDEO)

Published

on

Youths Burn Down Gov Sanwo-Olu’s Mother’s House In Lagos (VIDEO)

Youths Burn Down Gov Sanwo-Olu’s Mother’s House In Lagos (VIDEO)Lagos youths have set the family house of Governor Babajide Sanwo-Olu on fire.

This was after the Governor said that no nobody was killed during the shooting by soldiers at Lekki Toll Gate on Tuesday night.

Sanwo-Olu had debunked claims that the soldiers opened fire and killed some peaceful protesters.

Recall that men of the Nigerian Army reportedly opened fire on protesters following the declaration of 24 hours curfew by the Lagos State Governor, Babajide Sanwolu.

Bullets fired by security operatives hit some persons and at least two persons have been confirmed killed by the police and many injured

Voices in viral footage blamed the shootings on soldiers.

However, the angry youth attacked several important places such as Nigeria Port Authority, TVC News, and the family house of the Governor where his mother resides.

Continue Reading

Trending