Flyboy Zee: Economically speaking, this is the best policy to have come out from any Nigerian Government since the invention of sliced bread. The problem is that our poverty-ridden minds and 'poor man' mentality will always make us say stuffs like 'it is not the right time', 'it is ill-timed', 'what are the palliatives FG is putting in place', etc.

The benefits of these policies in my opinion may result in the following:
1. Technology transfer to improve local content
2. Employment generation for the teeming youths
3. Development of allied industries that would provide for the new auto industry would also bring about even more employment.
4. Development of new business types and models
5. Improve and increase local research
6. Increase in IGR of areas with auto production/assembly activities
7. Easy access to authentic/original spare parts
8. etc

Flyboy Zee: Economically speaking, this is the best policy to have come out from any Nigerian Government since the invention of sliced bread. The problem is that our poverty-ridden minds and 'poor man' mentality will always make us say stuffs like 'it is not the right time', 'it is ill-timed', 'what are the palliatives FG is putting in place', etc.

The benefits of these policies in my opinion may result in the following:
1. Technology transfer to improve local content
2. Employment generation for the teeming youths
3. Development of allied industries that would provide for the new auto industry would also bring about even more employment.
4. Development of new business types and models
5. Improve and increase local research
6. Increase in IGR of areas with auto production/assembly activities
7. Easy access to authentic/original spare parts
8. etc

ROSSIKE:

God bless you.

This is the best decision ever made by a sitting Nigerian government. Watch our indigenous auto industry explode now. This was exactly what China did in the 1980s, such that today they are the largest vehicle manufacturer on the planet, churning out millions of cars per annum. In Nigeria we have the skilled manpower and financial wherewithal. What are we waiting for? Or were some of you guys really thinking that Nigeria plans to import cars forever? Think again!!

yhemster: Naija Government is a joke. After reading through this policy, I saw lots of loopholes in it in which smart people can make easy cash from the new development. How can a policy for multi billion dollars sector of the economy be written in only two pages. When the policy get fully implemented, local market like innoson motors will not still be able to compete. Just Watchout

GBAM! Still studying the loop holes too oh and i am sure will be many . .

Fhemmmy:

In 1980, how many MW of electricity was China generating, What was the nature of the roads for them to be able to deliver goods and service, how was their health system to be able to take care of any accidents that might happen, what was the security situation of the citizens?
No doubt that if this is done right, it will be great but i just think we need some basic things to make this a great success.

By the way, from the list of the cars manufactured by China, tell me how many of them are in the world market, here is the list of all cars manufactured in China: http://en.wikipedia.org/wiki/List_of_automobile_manufacturers_of_China I look at the list of the rides made by China and i am not sure i wanna drive any . . .

Please note that Japan is not same as China, so let us always have facts and not just speak

iterator25: www.nairaland.com/attachments/1374659_20131021003637295_jpg46c2adbff508fc26adb257f9dc52e208

www.nairaland.com/attachments/1374658_20131021003703968_jpg75216701e3db11d569ad29d49a9839be

Sincere 9gerian:
How many unemployed or poor people have you seem planning to buy a car? It is the rich and middle class that buy cars. What the unemployed and poor masses need is not cheap cars but jobs, jobs, jobs, and more jobs. That is exactly what the policy intends to do- create more jobs locally.

ROSSIKE:

God bless you.

This is the best decision ever made by a sitting Nigerian government. Watch our indigenous auto industry explode now. This was exactly what China did in the 1980s, such that today they are the largest vehicle manufacturer on the planet, churning out millions of cars per annum. In Nigeria we have the skilled manpower and financial wherewithal. What are we waiting for? Or were some of you guys really thinking that Nigeria plans to import cars forever? Think again!!

omanzo02:

This regime is very necessary, if the dealers are smart they have to encourage their brand manufacturers to set up a depot in Nigeria for a start, I give u an example, in most European countries the manufacturer have depots where they don't have factories or assembly plants and still enjoy favourable tax and tarief regime, cars appear cheaper in Germany but when I bring that car to Belgium to register for use I will be paying more than I am supposed to if I had bought that same model in Belgium.

Nigeria has become a big market for cars, it's a way of asking the manufacturer to directly invest in the country if they want benefit in expanding their brand.

For now it difficult for our pocket but it benefit the country in the long run.

Turbocharged:

U really know a million reason why somtn will not succeed, the same way u know millions of reasons u will not succeed.
Sorry for U.

uba okeke:

YOU are a FOOL and clueless!!!!! Stupid / dumb Points!!! Am sure they've paid u to yarn trash!! Same thing they said when they wanna ban importation of Rice. Same youth employment scheme dey promised us during Fuel Subsidy! Same shiii dey also they keep saying. What the masses is simply saying is..get this plans started first and b4 u implement such laws!!

Wilife: ...Tried reading thru a couple of comments here....
Good write ups no doubt....
By way of background...I studied Economics at graduate level and also an accountant....
Lived in the States a couple of years and back in Naija....
When you look at some of the policies folks in govt throw around...u feel sad for this country....This is one of those nights for me....
Yet again, we've just made the day for the folks in Benin and Togo ports....
Tariffs have never been known to work in countries with our kind of deficiencies....
The economic model we are trying to put in place is dead on arrival....
If you studied the telco sector well, u will notice how privatisation of GSM licenses opened the market space...
The simple blocks are ....fix your power sector...embark on massive infrastructural development that will discourage the need for cars on the road....fix the rails...introduce speed rail....establish lasting reforms at the ports....fix your porous borders...adopt and follow through a policy that govt and its agencies will patronize local manufacturers and before u know it...the intended objective will be met...
Just sad to see very well educated folks in govt missing the points...
U just wonder why everything has to be different in this country....
Very sad...