Abeg make him do am fast. They should drop by 50%

woo back real niggas

dalass:


Hope that decision won't kill the remaining Automakers still struggling simply because our politicians have insatiable tastes for foreign/ imported cars

I see your point ooo @dalass...i was initially curious imagining this wicked government is now sober...but from your perspective tis obvious their decision is driven by greed and selfishness

Very wrong.
The local automobile industry too short up their game and make their products to be globally competitive.
They should not wait for the government to compel and gag Nigerians buy their products even if substandard.
Enough of all the pampering.
If the product is okay, they have the whole world as their prospective market.

IBBG:
exactly. An average Innoson car cost around 5 million naira

Don't mind that guy.

He thinks we don't want to drive brand new cars.

How may persons drive peugeot vehicles in Nigeria?

Abegi, these boarder closures and import duty increases is not working, instead of the local producers to increase production for prices to drop, they form local cartel to rip off the citizens. How much is local rice now, its going up to N26,000, so what's the point?

olaniyilukman:
Remember same applied to basic amenities like food we consumed, when the border is wide open and government allow to people to import food and beverages, prices of these commodities were reasonable but when they shut the border inroder to promote our own agricultural activities, Nigerians have abused the policy by deliberately increase the prices of all these commodities just for thier selfish gain

No. Import duties are different based on the type of goods involved. This thread is about vehicle import and not food. Those who bring vehicles through land borders are trying to avoid all duties. You will sometimes see them dump vehicles in the bush and run away. when you go through the proper channel, you won't care about border closure.

dalass:


Hope that decision won't kill the remaining Automakers still struggling simply because our politicians have insatiable tastes for foreign/ imported cars

How many automakers manufacture tractors and buses?
PAN is just being a witch!!!
Afterall since the increment in import duties, has the prices of locally made cars dropped?

Seniorwriter:


Go and read what you posted that made me quote you.....others on the thread also correctly corrected your nonsense post

PROACTIVITY Leads To PRODUCTIVITY!

© Seniorwriter

Have your government been proactive? No! Instead they just woke up one day and increased the import duties. Has this improved manufacturing and assemblies and driven down the prices of cars? NO!
Did they realize their follies? Hopefully Yes!
You're all about proactivity leads to productivity when the basis and foundation for manufacturing isn't laid in the nation. No stable power supply, very few skilled hands locally to drive home the local content delivery, unstable laws and acts of government, poor capital support from local financial institutions.

WHAT RUBBISH NONSENSE ARE YOU YAPPING ALL ABOUT?

TroubleMaker47:

How many automakers manufacture tractors and buses?
PAN is just being a witch!!!
Afterall since the increment in import duties, has the prices of locally made cars dropped?

Gbam! You get my point absolutely.

kingreign:
We know the FG increased the import duties to favour local manufacturers, assemblers etc, while deriving more income for itself, but PAN is faulting it for their selfish aims.


FOOTNOTE : Folks should learn to understand before hurriedly commenting. The FG sometimes ago increased the import duty to favour local manufacturers and drive home more revenue. Now, the FG wants to reduce it, PAN is complaining cos of their selfish gains.

I agree with u to an extent. But,apart from Innoson vehicles,that assembles cars in Nigeria,which other automobile manufacturers or assembly plant do we have in this country?
If we could get up to say 6 assembly plants in Nigeria then the FG can increase the import duties the way it wants. Get my point now?

kingreign:
We know the FG increased the import duties to favour local manufacturers, assemblers etc, while deriving more income for itself, but PAN is faulting it for their selfish aims.


FOOTNOTE : Folks should learn to understand before hurriedly commenting. The FG sometimes ago increased the import duty to favour local manufacturers and drive home more revenue. Now, the FG wants to reduce it, PAN is complaining cos of their selfish gains.

I am sure you wouldn't have made this comment if you invested $150m

kingreign:
We know the FG increased the import duties to favour local manufacturers, assemblers etc, while deriving more income for itself, but PAN is faulting it for their selfish aims.


FOOTNOTE : Folks should learn to understand before hurriedly commenting. The FG sometimes ago increased the import duty to favour local manufacturers and drive home more revenue. Now, the FG wants to reduce it, PAN is complaining cos of their selfish gains.

The initial aim of the FG when it increased import tariffs to 50% was to encourage local manufacturing and assemblage. That was passed by Jonathan in 2014. That resulted to PAN coming to start assembly in Abuja. It equally served as an impetus to IVM that had little recognition then. Now, reversing that decision is a senseless one. Are we going to import cars forever? The effect it's going to have on local assembly plants will be disastrous and it will lead to massive job losses.

mayo47:


I am sure you wouldn't have made this comment if you invested $150m

Bros, I'm so sure no one will be willing to invest $150m just anyhow in a society where security of investment, life and property is non existent. I am sure no one will gladly invest $150m in a country with unstable policies and non continuity of previous administrations advancement. I am sure no body will gladly invest $150m in a nation where there's almost no stimulant of industrial growth such as highly skilled workers in large nunbers, stable cheap power supply, closeness to raw materials and supplies of such for their manufacturing.

danietohbadt:



The initial aim of the FG when it increased import tariffs to 50% was to encourage local manufacturing and assemblage. That was passed by Jonathan in 2014. That resulted to PAN coming to start assembly in Abuja. It equally served as an impetus to IVM that had little recognition then. Now, reversing that decision is a senseless one. Are we going to import cars forever? The effect it's going to have on local assembly plants will be disastrous and it will lead to massive job losses.

As much as I would love to applaud the idea of local manufacturing, I would say the FG was/is putting the cart before the horse.

Good news abeg. It's crazy how just clearing a vehicle is costlier than the vehicle itself. Crazy!

Elsueno:
Sai Baba

U think the rich refusing to establish business in Nigeria don't have their reasons?

Government can just wake up and destroy ur investment easily

No, the major reason is that there are too many less intelligent youths like you who rush to comment without understanding the topic under discussion. Next time, when you don't know, shut the fucck up.

IBBG:
so our local manufacturers rather finish us off with exorbitant prices? Even in areas where production is relatively good, prices are still exorbitant, how does that help consumers?

Inflation is high, electricity is expensive.

Blame your govt.

This is targeted at some people so as to cripple their business. But they still keep the boarders closed to aid some people n their businesses. Well I no wan use my whole mouth talk.

kingreign:

Bros, I'm so sure no one will be willing to invest $150m just anyhow in a society where security of investment, life and property is non existent. I am sure no one will gladly invest $150m in a country with unstable policies and non continuity of previous administrations advancement. I am sure no body will gladly invest $150m in a nation where there's almost no stimulant of industrial growth such as highly skilled workers in large nunbers, stable cheap power supply, closeness to raw materials and supplies of such for their manufacturing.

You made valid points until you typed the word THRASH. If we go by this your narrative, then it means we shouldn't getting any foreign direct investment. If you must know Nigeria's is top Venture Capital destination in Africa.

I am sure they have done their investment appraisal/business case to arrive at that conclusion of investing. I know the policies in recent years has been stable and favored auto companies setting up plant.

LEARN TO MAKE A POINT WITHOUT BEING ABUSIVE

IBBG:
so our local manufacturers rather finish us off with exorbitant prices? Even in areas where production is relatively good, prices are still exorbitant, how does that help consumers?

But the boarders r still closed and the importation of rice is still banned. So as rice cost is not killing Nigerians?

Josywhyte:




I agree with u to an extent. But,apart from Innoson vehicles,that assembles cars in Nigeria,which other automobile manufacturers or assembly plant do we have in this country?
If we could get up to say 6 assembly plants in Nigeria then the FG can increase the import duties the way it wants. Get my point now?

Why would Toyota or Hyundai set up in Nigeria when it is cheaper to just send from Japan and south Korea?

I hear Hyundai would soon be exporting to Nigeria FROM Ghana.

Bravo.

etrouble:


No, the major reason is that there are too many less intelligent youths like you who rush to comment without understanding the topic under discussion. Next time, when you don't know, shut the fucck up.

Mr Buhari ass licker, never quote me again, I have never gotten in ur way when ur where licking ur masters ass. Better mind your business or I will make it my goal to personally find you and deal with you

Make your products competitive!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Nigeria is a very big market.

lagdmark:

So all the investments in Nigeria belong the poor, the rich ones invested Abroad.
why are some Asians and other foreigners still want to invest in Nigeria despite government policies.

Because they treat our people as slaves, pay peanuts monthly, fire them whenever they want & hire new employees. And those businesses are in collaboration with top government officials. Which you as an individual don't have access to.

The idea of encourage local manufacturer I don't understand. Even in America, foreign manufactured cars like Toyota, Kia, BMW, and the rest are still being shipped to America. Or they have their plants in America. In my opinion, govt should give waivers to this growing manufacturer. Create enabling environment for them to strive and produce at competitive price. No body would want to waste money. People will buy at good price instead of import. But if this is not done and you try to frustrate import, you are encouraging smuggling, tariff manipulation and all sort of bypass to beat the system. Please do we know anywhere in the world where import duty is 70% abi how much is it now self. It's about 5 or 6% in Dubai. I think it 20% in Ghana. 40% in South Africa where there are assembly plants. Our policies are always way off from attending to the issue. We make governance look like rocket science. In a country this blessed with so much, governance shouldn't be some much of trial and error. Please somebody with more accurate info or knowledge is free to correct any of my wrong.

dalass:


Hope that decision won't kill the remaining Automakers still struggling simply because our politicians have insatiable tastes for foreign/ imported cars

We have local content law passed by the same lawmakers.

It will not kill any Automakers. This policy should make look inward and aim to be competitive. Locally assemble vehicles should be more affordable, all things being equal (ceteris paribus).

inoki247:
You guys are mad how can I buy an underage Car for 500usd or 600usd and clear it for 400k..


You go dey shout buy local! buy local!! ones they take any decisions to mak local improve na so the price go start to dey sky rocket...

same thing happened to local rice. Now it's more expensive than abroad rice

One reason I still don't understand is that when import duties were increased to develop the local content in automobile industry, they were supposed to have taken advantage of that by producing quality cars at lower prices since there's no cost of shipping and clearing attached. Instead, the cost of locally made cars soared higher than those imported ones that had heavy import duties and shipping fees built in.

Smh

Reducing cost charges on importation should be a good thing

I am yet to see any body driving a brand new PAN in my area of Port Harcourt. Reduce your prices and allow installmental payments, also have an authorized service/sales center in at least 2 towns per state and see what will happen.