The Federal Government has said that the ongoing implementation of the Nigerian Automotive Industry Development Plan (NAIDP) is taking its planned course, noting that there is no intention to reverse the implementation process of certain aspects of the policy.

The National Automotive Council (NAC) said in a statement yesterday, that government had not reneged on its promise to shift the implementation process of certain aspects of the NAIDP till January 2015 as alleged in the press, noting that the application of the levy exemption was only being misinterpreted.

The Director-General of NAC, Engr. Aminu Jalal, said, “Government had already shifted the implementation of the full tariff on new vehicles from January 10, 2014 to 1st July, 2014 to enable importers clear vehicles they had ordered at the old duty rates. Government only extended the concession on the importation of used vehicles only by another six months till 31st December, 2014.

“This was because up to three out of four imported cars are used and time needs to be given to the assembly plants to produce affordable vehicles to replace the imported used ones. Unfortunately, this levy on new cars was misinterpreted to mean that all vehicles, including new FBU imports were exempt from levies until 31stDecember 2014.”


Read full story
http://monitor9ja.com/2014/09/fg-clarifies-waiver-auto-policy/