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Nairaland Forum / Nairaland / General / Autos / Naira Devaluation Pushes Up Vehicles Duties By 40% (25109 Views)
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Naira Devaluation Pushes Up Vehicles Duties By 40% by Godszilla: 5:54am On Jun 26, 2023 |
•Customs raise exchange rate from N422/$ to N589/$, operators kick as import duties jump •Economists berate FG, say policy will cause job loss, impoverish Nigerians, worsen hardships The Central Bank of Nigeria and the Nigeria Customs Service have taken the ongoing foreign exchange reforms to the maritime sector with a 40 per cent increase in the exchange rate used for calculating import duty.https://punchng.com/naira-devaluation-pushes-up-vehicles-duties-by-40/ 3 Likes 1 Share
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Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by drpat1: 5:56am On Jun 26, 2023 |
God bless PDAPC 77 Likes |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by HelinuesRapebol: 5:56am On Jun 26, 2023 |
Bola the coke obloblo is just starting gear 1 107 Likes 10 Shares |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by Salary: 5:58am On Jun 26, 2023 |
**Times is getting rough, huh? That's nothing new to us. There's nothing to discuss!! 30 Likes 2 Shares |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by Obinwenite(m): 6:29am On Jun 26, 2023 |
Nawao….things are really getting out of hand o. Bad policies are not good. 80 Likes 3 Shares |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by Samakus(m): 6:58am On Jun 26, 2023 |
This Customs raise of exchange rate from N422/$ to N589/$ will favour me and my family 228 Likes 15 Shares |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by loosecanon50(m): 6:59am On Jun 26, 2023 |
Tinubu is a financial expert, he studied accounting in Chicago state university. This is fake news...Tinubu is already fixing the economy. 161 Likes 21 Shares |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by loosecanon50(m): 7:01am On Jun 26, 2023 |
Samakus: ...Amen ooo. I have Emilokan ATM card with limitless withdrawals in case you want. 197 Likes 24 Shares |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by xpressionx(m): 7:03am On Jun 26, 2023 |
They are ashamed to start complaining. Sane people warned them. White powder leader has scammed them We are now officially the official object of mockery in Africa 140 Likes 11 Shares
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Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by xpressionx(m): 7:04am On Jun 26, 2023 |
They are ashamed to start complaining. Sane people warned them. White powder leader has scammed them 82 Likes 6 Shares |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by GWMI(m): 7:12am On Jun 26, 2023 |
So many people just wish Tinubu failure not knowing that wishing him failure, doesn't mean he will fail. Let's see what happens in weeks to come as we survive this new Government policies. But one lesson learnt is that, Nigeria was a highly subsidized society now all subsidy is going we got to bear the heat. 12 Likes 3 Shares |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by Nobody: 7:13am On Jun 26, 2023 |
Nigerians,I mean all the political zones are almost getting to their saturation level, just wondering how much more of the pains and suffering they can take. 22 Likes 2 Shares |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by budaatum: 7:14am On Jun 26, 2023 |
Everything should have doubled in price by now since Tinubu is performing wonders! I expect Corpers allowee to double too, though there appears to be no plan to increase it. Mẹ? I'm very Obidient. 34 Likes 3 Shares
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Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by mrvitalis(m): 7:14am On Jun 26, 2023 |
At least reduce import duty ... So that people can breath 9 Likes |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by DeLaRue: 7:20am On Jun 26, 2023 |
Customs can't have a different exchange rate from the government 's own rate. All government agencies will adjust to the new official rate. They have no choice. What those involved in car importation should lobby for is a reduction in the import duty. Mr Buhari 's government increased it to 40% in order to encourage local production of cars, but 95% of car buyers in Nigeria can't afford a new locally produced car. So, the policy doesn't appear to be working. Therefore, import duty should be reduced to 20% max until further notice. 39 Likes 3 Shares |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by xristos(m): 7:43am On Jun 26, 2023 |
this a serious matter... there's almost no way a good policy wont immediately affect the masses cos past rulers have destroyed this country's means of survival. Nigerians are in for it. it is well come n buy my land in Abuja lemme japa abeg 1000sqm ushafa 10 Likes 1 Share |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by greenermodels: 8:05am On Jun 26, 2023 |
It's only Obidients that would be paying the new rates, Agbadorians would enjoy 40% discount from the old amount in return. Sai Tinubu. 69 Likes 2 Shares |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by Flets: 8:07am On Jun 26, 2023 |
Nigerians have no clue what is coming, It will be almost impossible to survive for some. For an import driven economy like Nigeria, this is a dead end and if Nigerians are lucky, there might be an uprising that the FG might be unable to manage. Otherwise... many will die and the deaths will be in large numbers. 33 Likes 5 Shares |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by sukkot: 8:08am On Jun 26, 2023 |
renewed shege 31 Likes 1 Share |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by Boyooosa(m): 8:09am On Jun 26, 2023 |
Wow |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by Nobody: 8:09am On Jun 26, 2023 |
Tinubu is working ... Really We would praise Buhari when the time comes, Do not worry XD 13 Likes 1 Share |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by tuoyoojo(m): 8:09am On Jun 26, 2023 |
All these changes that has been made by this tilibu government, which one has brought succour to the masses There is increase in almost everything but the govt is giving nothing back to the masses Or is it only those who are in APC that are secretly enjoying the changes 28 Likes 3 Shares |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by NuCypher: 8:09am On Jun 26, 2023 |
The bigger question is if the customs is transacting in dollars or naira? This is a very important question we should be asking, if the government itself can start dollarizing the economy. Last I checked, we spend naira in Nigeria, not dollars. 17 Likes 1 Share |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by Femisol(m): 8:09am On Jun 26, 2023 |
BuLaba 6 Likes |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by Blaze14k: 8:09am On Jun 26, 2023 |
According to agbadorians this is for the benefit of nigeria. The only reason am happy is they are suffering the hardship as well. LET THE POOR BREATH 22 Likes 2 Shares |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by bassdow: 8:10am On Jun 26, 2023 |
y |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by lexy2014: 8:10am On Jun 26, 2023 |
Renewed hope This increase will favour me and family Tinubu has hit (smashed) the ground running 18 Likes 1 Share |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by iCauseTrouble: 8:10am On Jun 26, 2023 |
On your mandate we shall stand 4 Likes |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by bassdow: 8:10am On Jun 26, 2023 |
o |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by bassdow: 8:10am On Jun 26, 2023 |
p |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by kingamaa(m): 8:11am On Jun 26, 2023 |
More hardship, more wahala for both the buyer and seller of cars and ultimately more hardship for the already impoverished masses. 14 Likes 1 Share |
Re: Naira Devaluation Pushes Up Vehicles Duties By 40% by id4sho(m): 8:11am On Jun 26, 2023 |
Gazelle gragra 11 Likes |
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