MissMeiya:


It appears you didn't read my post. Translate "abound" into numbers, dumbass. The market cannot support Nigerian consumption.

Cut and join economics? You're obviously too stúpid to comprehend what I wrote. If you owned a business in Nigeria, you would know exactly what I'm talking about. Fúcking ídiot.

eaglechild:

You are very uncouth for a female.

You do not need to use swear words as it betrays one's upbringing.

You have zilch knowledge of economics, already IVM, Nissan, Hyundai, Kia, ANAMCO and Peugeot are producing cars, Toyota, BMW, etc are about joining and you still choose to live in denial.

Montaque:
some parts are locally sourced. Upholstery,side mirror,glass,bolts nd nuts,headrest furs,rubber nd plastic parts etc. These areas are produced locally,and they are jobs to some people. The technicians that fix n assemble the vehicle are also employed.

MissMeiya:


If you don't want to be offended, don't interrupt when adults are talking.

jingh:
we no fit afford new, even the tokunbo they wan.............

They don't care about us

lekside071:


Your analysis is like that of person that wants to start building a house from the ROOF! Its a good idea when all the foundation required to make it work is in place. And its suppose to be in stages after an alternative means has been created.who is going to buy the new car? With what resources? Where are the jobs? Comparing our economy with that of advance countries where loans are easy to obtain using only your citizenship as a collateral.What are the alternative? Responsible government that have such policies have good transport,rail system for people to fall back to.But this case is like leaving a month old baby in the colds of the night.This is not a people oriented policy.The manufacturers and capitalist are the winners here.I think we need a change .Lets try someone else at least.My future and my sons future is at stake.Nigeria stand up and vote out GEJ.

Orikinla:


There are made in Nigeria cars you can afford. And they will last longer than the "Tokunbo" cars and SUVs.
You will end up spending more money to all fix "Tokunbo" cars and enough to buy a new car from INNOSON.

buoye1:
Today is my birthday

Nairalanders celebrate me by wishing me a happy birthday


This comments make it the 2000th comment on Nairaland


Oya ladies and gent,I ll be waiting for una wishes


Cheers

#babyoftheyear

duni04:
With the recent slide in the value of the naira and currency controls in place, Importers will think twice before placing orders for foreign made cars. Its actually the perfect time to push forward the automotive policy. I forsee a paradigm shift in vehicle acquisition next year, from foreign made to locally fabricated. The only obstacles are customs corruption and a spike in cross border smuggling, especially from Cotonou. And then these locally assembled vehicles rely on parts imported from outside the country. Our locally made cars will obviously be more expensive to make now that the value of the naira has plummeted. Except the government is planning a relief fund for the vehicle makers to cushion the effects of the nairas fall, they will transfer the cost to the buyers. So in the end, foreign made cars may end up being cheaper than Nigerian fabricated ones.

mcgboye:

http://www.punchng.com/news/tokunbo-cars-to-cost-more-from-january-1/

http://nairametrics.com/new-year-gift-from-this-govt-import-duty-on-tokunbo-cars-to-increase-by-70-jan-1st/?utm_source=&utm_medium=twitter

Basically, import duty on tokunbo cars will double. The direct result is a significant increase in the prices of cars. I hope the gov't doesn't go ahead with this new duty regime.

megacool360:


lekside071, be stable and make your point. Your are swaying the focus here. Are you interested in giving your critique on the policy or are you campaigning for "vote out GEJ".

Who is going to buy the cars? (Who has been buying the tukumbos?) With what resources? (With what resources have the tukumbos been bought?) Where are the jobs? (With what jobs have these tukumbos always been bought?) And you can't even see that stifling these importations to a greater degree will enhance more demand of the made in Nigeria cars simultaneously entailing increase in productivity quantity to match demands and as such requiring more hands on deck (alas employments)? Sentiments will never allow most see anything good in someone they ain't giving their supports.

alexitohan2020:
It can only get better. The government is trying to discourage importation of cars so we could patronize locally made cars or better till, buy new cars.
Cheers OP
Wishing all Niaralanders a peaceful year ahead in 2015

kennaustine:
^^^ Whats really wrong with y'all APC propagandist? The increase in tariffs for imported automobile is to encourage local automobile manufacturers. Common SS2 Economics student will tell you that one way of encouraging local production is increasing import tariffs. That's called Import Substitution Strategy. Aren't you ashamed that Nigeria has become a dumping ground for every kind of crap produced in other climes? We have Innoson, PAN, ANNAMCO, VON, Nissan and other automobile manufacturers in Nigeria and we know that government is trying to revitalize them so as to boosts our economy. Yet you criticize this one very good move government makes to see to its realization. Many of these imported cars have been used for above five years and then they're moved to Nigeria for dumping, after which when you buy, you'll use for no more than three years and the money u would have spent on repairs and maintenance may have exceeded the original cost. Some brand new Innoson cars go for 1.5m and they're trying to beat it down to 1m. So which is better ; buying a brand new car for 1.5m and enjoying it for 3 to 4 years without excessive repair cost or buying a tokie car for 800thousand and spending over 500thousand on repairs in 3 years. A relation of mine has spent about 300th on repairs on a tokie car he bought for about 800th and the car IS STILL HAVING ISSUES. Wont it have been better to just buy a brand new made-in-Nigeria car and save yourself some unecessary stress. Why are we so used to cheap craps and worthless articles? Is that what APC wants for us? SMH. Which way Nigeria? #SeeBeyondPropaganda

kennaustine:
^^^ Whats really wrong with y'all APC propagandist? The increase in tariffs for imported automobile is to encourage local automobile manufacturers. Common SS2 Economics student will tell you that one way of encouraging local production is increasing import tariffs. That's called Import Substitution Strategy. Aren't you ashamed that Nigeria has become a dumping ground for every kind of crap produced in other climes? We have Innoson, PAN, ANNAMCO, VON, Nissan and other automobile manufacturers in Nigeria and we know that government is trying to revitalize them so as to boosts our economy. Yet you criticize this one very good move government makes to see to its realization. Many of these imported cars have been used for above five years and then they're moved to Nigeria for dumping, after which when you buy, you'll use for no more than three years and the money u would have spent on repairs and maintenance may have exceeded the original cost. Some brand new Innoson cars go for 1.5m and they're trying to beat it down to 1m. So which is better ; buying a brand new car for 1.5m and enjoying it for 3 to 4 years without excessive repair cost or buying a tokie car for 800thousand and spending over 500thousand on repairs in 3 years. A relation of mine has spent about 300th on repairs on a tokie car he bought for about 800th and the car IS STILL HAVING ISSUES. Wont it have been better to just buy a brand new made-in-Nigeria car and save yourself some unecessary stress. Why are we so used to cheap craps and worthless articles? Is that what APC wants for us? SMH. Which way Nigeria? #SeeBeyondPropaganda

Collynzo22:
Good for our economy, our naira and our jobs.
It is not compulsory to own a car, If you can't afford a brand new made in Nigeria car, use a Taxi, bus, keke, train or buy a bicycle.
That is what is obtainable in advanced countries, Nigeria must not continue to be a dump yard.

demandtruth:


Your interpretation of economics, as regards this topic, is basically emotional, lacks basics and full of political sentiments.
Yes, the move is very good but lacks targeted layers of economics indicator in a competitive global market.
The typical pattern of a diversifying economy must address and first focus on good economics indicatives; which is the foundation of basic infrastructures such as: power and road.

Nigeria automotive industry, as it stands and designed, lacks engineering leverage and financial instruments (there's not a bank in 9ja that will make loan available, competitively; say 7% to make car purchase)
In other to survive, the future must be understood not in conflict with the people and culture. This industry will not create jobs because its robotic in nature. What is needed is to locate where wealth opportunity exists and not jump into a bandwagon.

What you have as 1.5m is cheap. Cheap in the sense that its assembling procedures fail to address safety which is the most important aspect in autocar.

Nevertheless, our fearlessness to succeed, which is what this is, on the foundation of innovation which in itself is the concept of control to create wealth opportunity; not necessarily on a quest of car assemblage. When we address policies purely on it's merit and not on political premise, interest and intrigues; but purely on advancing technology, risk-taking and people focus, then the nation wills to succeed will logically land us in Eldorado.

2scorehigh:
No problems.

Nigerian Engineers, it's over to you guys. E be like say our time to shop don reach o!

isick:
happy birthday birthdaymate

kennaustine:
^^^ Whats really wrong with y'all APC propagandist? The increase in tariffs for imported automobile is to encourage local automobile manufacturers. Common SS2 Economics student will tell you that one way of encouraging local production is increasing import tariffs. That's called Import Substitution Strategy. Aren't you ashamed that Nigeria has become a dumping ground for every kind of crap produced in other climes? We have Innoson, PAN, ANNAMCO, VON, Nissan and other automobile manufacturers in Nigeria and we know that government is trying to revitalize them so as to boosts our economy. Yet you criticize this one very good move government makes to see to its realization. Many of these imported cars have been used for above five years and then they're moved to Nigeria for dumping, after which when you buy, you'll use for no more than three years and the money u would have spent on repairs and maintenance may have exceeded the original cost. Some brand new Innoson cars go for 1.5m and they're trying to beat it down to 1m. So which is better ; buying a brand new car for 1.5m and enjoying it for 3 to 4 years without excessive repair cost or buying a tokie car for 800thousand and spending over 500thousand on repairs in 3 years. A relation of mine has spent about 300th on repairs on a tokie car he bought for about 800th and the car IS STILL HAVING ISSUES. Wont it have been better to just buy a brand new made-in-Nigeria car and save yourself some unecessary stress. Why are we so used to cheap craps and worthless articles? Is that what APC wants for us? SMH. Which way Nigeria? #SeeBeyondPropaganda

keyman0007:



Just hear u talk. It is nt by force to own a car. It provocative statement like this dat makes d country fall apart. It better to keep quiet than talk carelessly.

megacool360:


And you sure must be among the lots clamouring "BUHARI FOR CHANGE 2015, SAI BUHARI, etc" yet you talk about luxury. Go ask your parents about how much luxury they enjoyed during the Buhari regime back then. Austerity was at its peak and the order of the day then; wages slashed and several luxuries prohibited. Today, some people look back to then and come out to say that regime was the best, this and that. I keep wondering how people clamour for change yet remain so blind and daft to notice one when it surfaces. Nobody keeps doing the same thing and expects a different result. Even if Buhari should emerge as the No 1 citizen come Feb 14, he definitely will effect new policies (of which austerity will sure be paramount like in his previous regime), if he is to usher in any slightest kind of change.
Nigerians really need to be open minded to constructively critique and avoid being blinded by sentiments, nepotism and some form of useless bigotry.

mcgboye:

http://www.punchng.com/news/tokunbo-cars-to-cost-more-from-january-1/

http://nairametrics.com/new-year-gift-from-this-govt-import-duty-on-tokunbo-cars-to-increase-by-70-jan-1st/?utm_source=&utm_medium=twitter

Basically, import duty on tokunbo cars will double. The direct result is a significant increase in the prices of cars. I hope the gov't doesn't go ahead with this new duty regime.

Tinubu:
Discouraging importation is no doubt, the best way to attain economic development


Less importation= more demand for local commodities = encouraging local enterpreneurship= more employment opportunities.


However,

Inasmuch as supporting local industries is praiseworthy, quality control shouldn't be taken lightly.... The Standard Organization of Nigeria, and other quality standard regulatory agencies should become less of a bureaucratic rubber-stamp, and rise up to their responsibilities of ensuring public safety, and commensurate value for money spent

But, with this Otueke fellow


I just sense that the sole purpose of this increase in duties, is to add more fuel to his looting jamboree..... We are yet to recover from the fuel subsidy removal scam, missing billions, etc, and he deems it fit to still assault the Nigerian public again.....

Collynzo22:

It is not by force to own a car.
If you can get a brand new one or pay the extra charges 2nd hand, use a taxi or get a bicycle.

duni04:
With the recent slide in the value of the naira and currency controls in place, Importers will think twice before placing orders for foreign made cars. Its actually the perfect time to push forward the automotive policy. I forsee a paradigm shift in vehicle acquisition next year, from foreign made to locally fabricated. The only obstacles are customs corruption and a spike in cross border smuggling, especially from Cotonou. And then these locally assembled vehicles rely on parts imported from outside the country. Our locally made cars will obviously be more expensive to make now that the value of the naira has plummeted. Except the government is planning a relief fund for the vehicle makers to cushion the effects of the nairas fall, they will transfer the cost to the buyers. So in the end, foreign made cars may end up being cheaper than Nigerian fabricated ones.

mcgboye:

http://www.punchng.com/news/tokunbo-cars-to-cost-more-from-january-1/

http://nairametrics.com/new-year-gift-from-this-govt-import-duty-on-tokunbo-cars-to-increase-by-70-jan-1st/?utm_source=&utm_medium=twitter

Basically, import duty on tokunbo cars will double. The direct result is a significant increase in the prices of cars. I hope the gov't doesn't go ahead with this new duty regime.

megacool360:


lekside071, be stable and make your point. Your are swaying the focus here. Are you interested in giving your critique on the policy or are you campaigning for "vote out GEJ".

Who is going to buy the cars? (Who has been buying the tukumbos?) With what resources? (With what resources have the tukumbos been bought?) Where are the jobs? (With what jobs have these tukumbos always been bought?) And you can't even see that stifling these importations to a greater degree will enhance more demand of the made in Nigeria cars simultaneously entailing increase in productivity quantity to match demands and as such requiring more hands on deck (alas employments)? Sentiments will never allow most see anything good in someone they ain't giving their supports.