rudedough: Nigeria is finished if they scrub this policy. How can we scrub a policy as good as this when we have unemployed graduates everywhere in Nigeria.

How can we be importing finished goods while exporting jobs we lack here?

Mehn i don't even know what Nigerians want. It's heart breaking to see people supporting the Rep here.

ifeanyi83: This indeed is a welcome development. It's a fantastic idea to have automobile assembly plants in Nigeria, but it has to be up and running before implementing these policies on importation of used vehicles (by the way...do we have the necessary infrastructure in place?...).. FG please fo the needful....

slyman-sun:
my problem is with the timing which does not make sense at all. I think the idea is to just to increase tarrif, this ' local production' adjunct is meant to sweeten and make it acceptable. A sincere policy will involve starting local production first and when the vehicles are available, tarrif can be increased to make people go for cheaper locally made cars. Doing it the other way round smirks of 'demonism'

koboko69:

Im sure your doctor warned u not to skip your pills

lomomike: Seasons greetings,

Please this isn't a politics section thread/topic, this is a car talk thread please DON'T insult anybody, tribe, religion or party, DON'T politicize this thread, DON'T tribalize this thread, and DON'T derail this thread. Please stick to the rules of cartalk section.
Thanks for complying,

MODERATOR

rudedough:

[b]On the contrary, it is you who have been getting high on cheap drugs.

You can't understand that importing cars into the country will kill our own Auto mobile industry that has just began springing up and needs all the support they can get from the Govt to grow.

You cannot understand that importing finished cars from America means, the American Auto Mobile Industry gets to produce more cars to meet their demand, and to meet their demands, they have to employ more workers. (That is we are importing finished goods but exporting our jobs)

You don't understand that over 2000 materials are used to produce cars (Textiles, wires, carbon, paper, leather etc). Importing cars from America means you are only enriching their Textiles, wires, carbon, paper, leather industries too. Products that we have here in Nigeria that would have had a ripple effect on the economy.

You don't know that the ban will force Toyota, Honda etc that have a market in Nigeria and know what they're going to loose if the ban is in effect to open their assembling parts here.

You don't know that opening an assembling port here doesn't mean that they would import everything and just assemble here but they will import the major engines and stuff but patronize our textiles and wires and other minor products here.

I can go on and on and on... But i will love you to look at yourself now and tell me you're not high when you wrote that nonsense. Tomorrow you will be the one shouting "NO JOB FOR NIGERIA" ewu gambia.[/b]

COOLDUN:

My friend spare us this too know economical sermon, how can you throw away your old cloths without having a tailor that will sew new ones for you? No matter how you polish your logic, there is no time the newly built car manufacturing companies would tackle the unemployment predicaments of Nigeria over night.

There are many minor companies we need to stand on our feet first before these giant ones, which we have not done anything about them, not to talk about car manufacturing. I know you are one of those people who always accuse Nigerians of impatience whenever we complain of what we supposed to have since our independence. But now you are preaching for patience for a project that would go like other ones in the past.

By the way how many of these your car manufacturing companies have even secured a plot of land, as their company sites? Talk less of construction of the car companies plants. I don’t how old you are, I would have asked you how many of these honey coated tongued developmental projects that has ever worked out since you heard about them.

No, one is against the competition of the cars with the western world, but let it be done gradually; Nigerians are sick and tired of fake economical jargons. The most basic live amenities which many poor countries have are still lacking in Nigeria, but all we are after is elephant projects that never work out. Our rulers, families, friends and cronies still jet out of the country for minor head ace treatments, while our hospitals and doctors are turned to a mere consultation houses and death traps. When would the government ban the oversea treatments for the rulers? Are we not up to having standard hospitals which would compete with the western countries?

Nigeria, president was flown to Saudi Arabia for medical treatment, while the Saudi King who was also sick then was flown to the United States of America for treatment also, is it not shameful? Everyday new presidential jet is added to the fleet of un economical importance presidential jets, why can’t Nigeria ban the importation of the private jets also and bring the manufacturing companies to build their plants in Nigeria?

Common petrol we use in Nigeria is imported, while we have four good for nothing refineries, are we not supposed to be exporting refined petrol which is easier than manufactured cars?

My friend, let us stand up first before we think of running, someone rightly said that the word patience in Nigeria is only meant for the masses and not the rulers that supposed to show/live by example.

I have seen your level of patriotism, but let me tell you; the policy is and will not be what you are made to believe by these politicians who speak with both sides of their mouths. Stop defending what you will, one day regret wasting your time and energy for. We have heard enough of these unrealistic economical trashes. Unless you are one of them.

The much talked privatization policy only favored few cabals in Nigeria. I don’t support arguing with insults, but don’t also buy fake/false economical logics. Thank you.

rudedough: Nigeria is finished if they scrub this policy. How can we scrub a policy as good as this when we have unemployed graduates everywhere in Nigeria.

How can we be importing finished goods while exporting jobs we lack here?

Mehn i don't even know what Nigerians want. It's heart breaking to see people supporting the Rep here.

4 Play:

Nigeria has not reached the economic level where its car plants can compete with foreign car plants on price or efficiency. These sort of polices work where there is a genuine prospect that the cossetted Nigerian car manufacturers can make significant inroads in the automobile market abroad via exports from Nigeria. If you simply put up prices where you have no chance of becoming export competitive, you get a captive domestic market that simply pays higher prices whilst the country gets nothing in return by way of higher exports.

rudedough:

I am not an economist, just an average guy with a head and functioning cerebrum. I have highlighted all your key notes but all what you wrote are just speculations, complains and rants summed up from cheer bitterness, frustration and an unwillingness to struggle. You don't even have an opinion to share, you're just hating on everything.

Go get help bro, you're frustrated.

anonimi:

You may have missed this thread:

https://www.nairaland.com/1568337/inside-innoson-motor-manufacturing-plant

Let us not forget that we also had Peugeot Automobile of Nigeria (PAN) assembling cars in Kaduna, Steyr and Leyland in Bauchi & Ibadan respectively doing trucks and tractors before our clueless military DICTATORS and COUPists derailed everything leading to the high unemployment legacy and low industrialisation base that the current administration has to grapple with.
China & India have been growing their local manufacturing base for many decades and are slowly moving into exports using our dear continent Africa as a testing ground, seeing as we are very useless ourselves, before they move on to Latin America and Europe/North America.
Meanwhile we continue giving ourselves EXCUSES to remain perpetually poor while seeking to be voluntary slaves of those societies that made the sacrifices necessary for development and progress.

koboko69:

They have a serious government in those countries. Not the public thieves we here. We are still lanquishing in pain with what the telecoms industry and what dstv is doing to us. Just because we dont have a competent govt. By the way innoson cars is just the only functioning plant in Nigeriam they surely can not meet the demand of Nigerians

South Korea's economy was small and predominantly agricultural well into the mid-20th century. However, the policies of President Park Chung Hee spurred rapid industrialization by promoting large businesses, following his seizure of power in 1961. This was called the First Five Year Economic Plan. Government industrial policy set the direction of new investment, and the chaebol were to be guaranteed loans from the banking sector. In this way, the chaebol played a key role in developing new industries, markets, and export production, helping place South Korea as one of the Four Asian Tigers.
Although South Korea's major industrial programs did not begin until the early 1960s (i.e. some 50 years ago), the origins of the country's entrepreneurial elite were found in the political economy of the 1950s. Very few Koreans had owned or managed larger corporations during the Japanese colonial period. After the departure of the Japanese in 1945, (i.e. about 70 years ago and 15 years before Nigeria's independence) some Korean businessmen obtained the assets of some of the Japanese firms, a number of which grew into the chaebol of the 1990s. These companies, as well as certain other firms that were formed in the late 1940s and early 1950s, had close links with Syngman Rhee's First Republic, which lasted from 1948 to 1960. It was alleged that many of these companies received special favors from the government in return for kickbacks and other payments.

When the military took over the government in 1961, military leaders announced that they would eradicate the corruption that had plagued the Rhee administration and eliminate injustice from society. Some leading industrialists were arrested and charged with corruption, but the new government realized that it would need the help of the entrepreneurs if the government's ambitious plans to modernize the economy were to be fulfilled. A compromise was reached, under which many of the accused corporate leaders paid fines to the government. Subsequently, there was increased cooperation between corporate and government leaders in modernizing the economy.[4]

Government-chaebol cooperation was essential to the subsequent economic growth and astounding successes that began in the early 1960s. Driven by the urgent need to turn the economy away from consumer goods and light industries toward heavy, chemical, and import-substitution industries, political leaders and government planners relied on the ideas and cooperation of the chaebol leaders. The government provided the blueprints for industrial expansion; the chaebol realized the plans. However, the chaebol-led industrialization accelerated the monopolistic and oligopolistic concentration of capital and economically profitable activities in the hands of a limited number of conglomerates.
Park used the chaebol as a means towards economic growth. Exports were encouraged, reversing Rhee's policy of reliance on imports. Performance quotas were established.

More from: http://en.wikipedia.org/wiki/Chaebol

COOLDUN:

My friend spare us this too know economical sermon, how can you throw away your old cloths without having a tailor that will sew new ones for you? No matter how you polish your logic, there is no time the newly built car manufacturing companies would tackle the unemployment predicaments of Nigeria over night.

There are many minor companies we need to stand on our feet first before these giant ones, which we have not done anything about them, not to talk about car manufacturing. I know you are one of those people who always accuse Nigerians of impatience whenever we complain of what we supposed to have since our independence. But now you are preaching for patience for a project that would go like other ones in the past.

By the way how many of these your car manufacturing companies have even secured a plot of land, as their company sites? Talk less of construction of the car companies plants. I don’t how old you are, I would have asked you how many of these honey coated tongued developmental projects that has ever worked out since you heard about them.

No, one is against the competition of the cars with the western world, but let it be done gradually; Nigerians are sick and tired of fake economical jargons. The most basic live amenities which many poor countries have are still lacking in Nigeria, but all we are after is elephant projects that never work out. Our rulers, families, friends and cronies still jet out of the country for minor head ace treatments, while our hospitals and doctors are turned to a mere consultation houses and death traps. When would the government ban the oversea treatments for the rulers? Are we not up to having standard hospitals which would compete with the western countries?

Nigeria, president was flown to Saudi Arabia for medical treatment, while the Saudi King who was also sick then was flown to the United States of America for treatment also, is it not shameful? Everyday new presidential jet is added to the fleet of un economical importance presidential jets, why can’t Nigeria ban the importation of the private jets also and bring the manufacturing companies to build their plants in Nigeria?

Common petrol we use in Nigeria is imported, while we have four good for nothing refineries, are we not supposed to be exporting refined petrol which is easier than manufactured cars?

My friend, let us stand up first before we think of running, someone rightly said that the word patience in Nigeria is only meant for the masses and not the rulers that supposed to show/live by example.

I have seen your level of patriotism, but let me tell you; the policy is and will not be what you are made to believe by these politicians who speak with both sides of their mouths. Stop defending what you will, one day regret wasting your time and energy for. We have heard enough of these unrealistic economical trashes. Unless you are one of them.

The much talked privatization policy only favored few cabals in Nigeria. I don’t support arguing with insults, but don’t also buy fake/false economical logics. Thank you.

rudedough:

[b]On the contrary, it is you who have been getting high on cheap drugs.

You can't understand that importing cars into the country will kill our own Auto mobile industry that has just began springing up and needs all the support they can get from the Govt to grow.

You cannot understand that importing finished cars from America means, the American Auto Mobile Industry gets to produce more cars to meet their demand, and to meet their demands, they have to employ more workers. (That is we are importing finished goods but exporting our jobs)

You don't understand that over 2000 materials are used to produce cars (Textiles, wires, carbon, paper, leather etc). Importing cars from America means you are only enriching their Textiles, wires, carbon, paper, leather industries too. Products that we have here in Nigeria that would have had a ripple effect on the economy.

You don't know that the ban will force Toyota, Honda etc that have a market in Nigeria and know what they're going to loose if the ban is in effect to open their assembling parts here.

You don't know that opening an assembling port here doesn't mean that they would import everything and just assemble here but they will import the major engines and stuff but patronize our textiles and wires and other minor products here.

I can go on and on and on... But i will love you to look at yourself now and tell me you're not high when you wrote that nonsense. Tomorrow you will be the one shouting "NO JOB FOR NIGERIA" ewu gambia.[/b]