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Nairaland Forum / Nairaland / General / Car Talk / Ban On Importation Of Tokunbo Cars: What You Should Know (31489 Views)
New Year Gift From Govt : Tokunbo Cars To Cost More From January 1 / New Policy On Importation Of Tokunbo Cars: Big News Page / FG To Phase Out Tokunbo Cars (2) (3) (4)
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Ban On Importation Of Tokunbo Cars: What You Should Know by BizBooks(m): 11:18am On Oct 07, 2013 |
Note: In their official statement, the Federal government did not say they will ban the importation of tokunbo cars. But their new tariff will indirectly achieve that purpose. In effect, they are banning the importation of tokunbo cars without expressly saying so. An article on this subject recently made the front page. Unfortunately, the poster did not include what can be deemed the most important paragraph which is: [The Director-General, National Automotive Council, Mr. Aminu Jalal] added that importers could still clear imported vehicles at the old rates until February 28, 2014, provided “they can prove that they had opened a letter of credit for the vehicles before October 3, 2013.” This answers one of the questions many of us have which is: When will the new tariff come into effect”? Now that we know it is February 28, 2014, we can plan accordingly. That part is clear and concise. Unfortunately the second part of that quote is not. In it, the Director-General said: …provided “they can prove that they had opened a letter of credit for the vehicles before October 3, 2013.” Is he saying that tokunbo cars purchased after October 3, 2013 will incur the new higher tariff? It is not very clear but that appears to be what he is saying. In the meantime, it will be advisable to thread cautiously on all new imports until that statement becomes clearer. WINNERS AND LOSERS A policy change of this magnitude will no doubt have many winners and losers. WINNERS: Once again, Cotonou will become the main entry point for smuggling tokunbo cars into Nigeria. This will enrich the economy of Cotonou, their car dealers, Border Agents on both sides and Cotonou clearing agents. Local spare parts dealers in Nigeria will also be favoured by this policy as people use their cars for longer periods. LOSERS: The obvious losers include everybody that imports or sells tokunbo cars. For the past several years, importing a tokunbo car into Nigeria has been so easy that even a primary school boy can do it. That’s all about to change for the worse. The average Nigerian will also be a big loser. Soon he can no longer afford a car (new or tokunbo). It remains to be seen whether this will be good or bad for the Nigerian economy. Government sources are claiming it will be a positive development. But most Nigerians including myself doubt it. WHAT YOU SHOULD DO If you have serious plans of buying a tokunbo car, do it now. Do not wait any longer. Prices are bound to go up drastically once this policy comes into effect early next year. http://www.punchng.com/business/business-economy/fg-raises-tariff-on-imported-cars/ 4 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by Damojo: 11:46am On Oct 07, 2013 |
Na wah o. So na hyundai and kia we go dey drive now bah? 2 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by BizBooks(m): 12:03pm On Oct 07, 2013 |
Damojo: Na wah o. So na hyundai and kia we go dey drive now bah? The FG said they are making plans have Toyota, Honda, Nissan etc build manufacturing plants in Nigeria. If true, such plants will at least take several years to construct. So you are right. It is Hyundai and Kia for now. 5 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by TreasuredGlory: 1:34pm On Oct 07, 2013 |
God help us o. Levels don change o. |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by Buddydogg(m): 1:35pm On Oct 07, 2013 |
no more big big jeep 4 twn again..... |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by nerodenero: 1:36pm On Oct 07, 2013 |
What is the benefit then? We need policies and programmes that will improve the lives of an ordinary man on the street and not this poo. 9 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by Nobody: 1:36pm On Oct 07, 2013 |
Nigeria is a comic. When fg ban, Apc go unban, pdp ban again and d comedy continue. As long as spare parts dey, no wahala 2 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by politicalpastor: 1:36pm On Oct 07, 2013 |
NIGERIA WITH THEIR STUPID POLICY. NA TOKUNBOR CARS DEY INCREASE PRICE OF GARRI , ABI NA TOKUNBOR CARS DEY CAUSE BOKO HARAN DEY PEOPLE FOR NAIJA. TOKUNBOR AIR PLANE DEY THERE , THEM NOR BANNED THEM FROM OUR AIRSPACE, NA THE CARS WHEN THE POOR GO FIT AFFORD THEM DEY BANED, NAIJA, WE HAIL THEE. BizBooks: Note: In their official statement, the Federal government did not say they will ban 8 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by DisGuy: 1:37pm On Oct 07, 2013 |
FG are good at dishing out policies with main details usually unavialable to the general public and usually starting immediately- no time for consumers and sellers to adjust or prepare for it very likely they will postpone it come feb 2014 to get some brownie points Winners will also include - coscharis* and major suppliers of new/government vehicles 1 Like |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by BabaAlabi: 1:37pm On Oct 07, 2013 |
It's only in Nigeria that the government would place a ban without producing an alternative. Can someone receiving a minimum wage of 20k afford a brand new car? Idiòts. 16 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by Adufaye(m): 1:40pm On Oct 07, 2013 |
Make I sharp sharp go buy my tokunbo plane,so I go fit use am kill dem(corrupt politicians) 4 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by adicious(m): 1:40pm On Oct 07, 2013 |
Better! I Don Tire To De Enter Cars Wey You Go Still Need Use Umbrella Inside Am When Rain De Fall, At Least We Go Get Flashy molue For lagos With AC. 3 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by lifestyle1(m): 1:41pm On Oct 07, 2013 |
Another paper policy.. |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by coalcoal1(m): 1:41pm On Oct 07, 2013 |
oya, we are waiting for the policy to become clearer |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by llbhuds: 1:44pm On Oct 07, 2013 |
Odi kwa terrible 1 Like |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by Rejoice5000(f): 1:44pm On Oct 07, 2013 |
Tokunbo planes too not only cars 2 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by gerrardomendes(m): 1:44pm On Oct 07, 2013 |
politicalpastor: NIGERIA WITH THEIR STUPID POLICY. NA TOKUNBOR CARS DEY INCREASE PRICE OF GARRI , ABI NA TOKUNBOR CARS DEY CAUSE BOKO HARAN DEY PEOPLE FOR NAIJA. TOKUNBOR AIR PLANE DEY THERE , THEM NOR BANNED THEM FROM OUR AIRSPACE, NA THE CARS WHEN THE POOR GO FIT AFFORD THEM DEY BANED, NAIJA, WE HAIL THEE.i neva understan wetin dem wan achieve with dis policy. The rich gettiing richer and the poor getting poorer 3 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by everyday: 1:44pm On Oct 07, 2013 |
If it can improve the local automotive industry then it is a welcome development 2 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by Nobody: 1:47pm On Oct 07, 2013 |
This will not favor the Nigerian Economy At all, 100 of thousands of naira are used to clear cars at customs or whatever they call it, mostly and usually tokunbo cars. 6 out of 10, it is the average nigerian buying these tokunbo cars, now these average nigerians will have to save money for more years before they can get the new one. The Nigerian Government is very daft, who thinks and implement these policies? This Govt has to be top 10 among the most daft government of the century. 14 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by Youngzedd(m): 1:48pm On Oct 07, 2013 |
Noted. |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by clemmonce(m): 1:49pm On Oct 07, 2013 |
On a serious note. So now no more second hand cars. someone please explain this stuff to me very well before i break my phone. i must travel out by all means. how wil this policy affect an ordinary nigerian 4 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by dridowu: 1:51pm On Oct 07, 2013 |
. |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by ginuwine: 1:53pm On Oct 07, 2013 |
i go still buy my own car.................. no wahala. >: 1 Like |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by sEGXY2(m): 1:55pm On Oct 07, 2013 |
fg only think abt themselves only hunda n kia kai n it will b more expensive due to the Tariff 1 Like |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by BizBooks(m): 1:58pm On Oct 07, 2013 |
In the government' defense, Aganga said arrangements were being made to manufacture new cars that would be sold for between N1.2M and N1.5M. The question is: what kind of brand new car will sell for 1.2M? You can't even get a brand new VW Golf for that price. 6 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by tomzman: 2:02pm On Oct 07, 2013 |
Nigeria is turning into a laughing stock day by day. Tokunbo cars are the least of our problems now. Boko haram is there, unions are on strike and banning tokunbo cars is the next thing govt can think of. Nigeria has a big problem. 7 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by Godsonbalo(m): 2:03pm On Oct 07, 2013 |
Its high time we vote that mumu out come 2015, why all this streSs on ordinary nigerians? Why banning tokunbo cars, which my money never even complete to buy. How many years more to complete my cooperative b4 buying a brand new one. APC loading come 2015 cos we really need a change @ the top. 8 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by Policewoman(f): 2:04pm On Oct 07, 2013 |
Na to go arrange my 2007 Toyota RAV4 jeep now sharp sharp be dat 1 Like |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by thehunted(m): 2:07pm On Oct 07, 2013 |
are they not supposed to start manufacturing the cars before banning the used ones we can afford. why all these policies meant to kill our little happiness in this God forsaken country. 8 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by lifestyle1(m): 2:07pm On Oct 07, 2013 |
Policewoman: Na to go arrange my 2007 Toyota RAV4 jeep now sharp sharp be dat with 39,000k wey you they collect per month ? 8 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by Nobody: 2:10pm On Oct 07, 2013 |
life_style:egunje they, egunje they 3 Likes |
Re: Ban On Importation Of Tokunbo Cars: What You Should Know by gidjah(m): 2:14pm On Oct 07, 2013 |
ds govt n harsh but realistic policies. a govt dat will put a new policy in place without cushioning d negative effects of such policy is a dumb n inconsiderate govt.when r d trains gonna be functional, when r enough safe cheap local commercial transit gonna be all over our roads in nig just lik in uk s ?? until this things get in place, we really dont nid ds kinds of evil harsh policies upon us right now.we r still reeling from d effects of jan fuel subsidy. 1 Like |
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