The move by the Federal Government to restrict the importation of - TopicsExpress

The move by the Federal Government to restrict the importation of fairly used vehicles (#Tokunbo) into the country with a new automotive policy through a higher tariff regime is unsettling for many #Nigerians, especially low income earners who depend on the vehicles for their daily transportation need as they cannot afford new cars because of high prices. While big #car dealers see the policy as a good initiative to resuscitate the local automobile industry, private individuals expressed the fear that prices of imported vehicles may soar once the implementation of the new tariff regime from 35 per cent to 70 per cent begins. - See more at: abujavoice/new-automotive-policy-will-nigerians-affordable-made-nigeria-cars/#sthash.xrL5dT7I.dpuf

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