The Federal Government on Wednesday defended its auto policy that requires vehicle importers, who do not manufacture locally, to pay 70 per cent duty on imported cars. The Minister of Industry, Trade, and Investment, Olusegun Aganga, said the policy is necessary to check the activities of importers putting a “strain on our (Nigeria’s) foreign reserves.” He disclosed that Nigerians spend about $3.4 billion (N544 billion) on importation of used cars and spare parts =================================== I cant understand this government at all....if you increase duty ..the price goes up...smuggling increases.Poverty holds its victims fast...if the citizens dont have money...they dont have money!!!!! .period.You have a provision for soft loans (N200B+) to enable Nigerians buy made in Nigeria cars...what happened to it? Is this explanation not supposed to follow the analysis...why is it that i get the impression that pdp is out to KILL Nigerians...and for goodness sake why cant GEJ himself see these things...You cannot give clear explanations for lost oil money...you are getting slapped by BH daily...we are yet to see the full impact of the economic policies...now you want the nation to trek...na wao
Posted on: Thu, 03 Jul 2014 05:51:27 +0000