The Nigerian Ports Authority said on Thursday that revenue on car importation into the country dropped by 20 per cent this year, a fallout of the Federal Government’s Automobile Policy.

It warned that the revenue dip was a bad omen for the government’s overall revenue take and called for the urgent review of the policy in order to reduce the losses.

The automobile policy was introduced by the government to encourage local car production/assembly plants, while cutting importation and raising import duties.

The Managing Director, NPA, Hadiza Bala-Usman, told the House of Representatives Committee on Ports, Harbours/Waterways that the policy had led to a revenue loss of 20 per cent.

Read more:
Revenue from car importation drops by 20% — NPA http://www.sanwomi.com/2018/06/revenue-from-car-importation-drops-by.html

Lalasticlala
Mynd44
Ishilove
Marpol
Semid4lyfe
Obinoscopy
Seun

Before nko

Nonsense government policy, imagine spending more than the actual cost of car on importation & clearing?

Useless government killing the masses