caseless: how old are u?

Emulti:

And I will remain a servant all d days of my life, amen.

Rikidony: thats not the point. the point is that you are directly or indirectly feeling the fresh air

LordAdam:

Nice input. But I'm afraid of the effectiveness of setting up such a council in our 'fine' country. I've thought hard about the idea, and all I can seem to crank up is the many ways this can easily fall apart or lose credibility.

I'm still hopeful though and if there's any of such council, I'd like to know, probably be part of what goes on there. For a country that has given us a banner to live under for the last 5 decades, a lot of us sure don't care about her trajectory.

~LordAdam

frainc: is that your name?

No wonder because is only a fool will wish his country men war

SLIDEwaxie: I am a hater, but not part of mynd's gang...

If these cars won't go for N1,000,000 per new one, then its useless setting up plants here.

jayseehe:

you and I know that it is impossible, except you want them to run @ loss...
cost of production in Nigeria is very high; labour cost and lack of stable electricity..... besides, they will need to recover the money used in building the plant.

I must commend GEJ for this, this is the only positive policy to come out of his office.
but we need power supply, these COYs need it to survive... without it, none of this cars will be exported even to our neighboring countries due to the high cost of the cars

sonety2k: I wish they could firstly start the manufacturing of car parts first.

shevy45:
A UK USed SDMO 100kva Generator Forsale. This Generator Can Power A Whole Estate. There's a warranty For it, A beep Or A Ping Will Surely Convince You. Pin:21D1C3A6

JaaizTech:
Now to Economics... Why Did Peugeot Manufacturing plants Fail

Largas: I'm not hating. But Lagos is over-populated and needs to be decongested. We need more commercial cities. Every plant mustn't be sited at Lagos.
Good initiative btw...

sexylogan:

Sad but it's true.

I don't know why in Nigeria, owning a car is a staus symbol (whether it is a Tokunbo) not to talk of buying a new car.

When will Nigeria adopt the practise of loan purchasing as most countries do...U pay a percentage as downpayment

for the new car, let's say 20% and the remaining you can pay in monthly installments over several years.

Owning a new car shouldn't be a big deal but our leaders will prefer things to remain as they are now.

JaaizTech: Well, I know I will get my fare share of criticism for being pessimistic. There is so much talk about Automobile plant here and there and yet no one knows where the Automobile factory is No one has seen videos of the automobile plant. I mean these are things the manufacturers will be so glad to show case; but yet all we have seen are computer models of the cars to be manufactured.

Toyota and Kia can sound promising, but that is the politics of the Business World. They can make all sorts of grand statements but with little commitments. Let us see the plants first, then we will start believing.

Now to Economics... Why Did Peugeot Manufacturing plants Fail why are there Automobile manufacturing plants in South Africa Is it because of a policy they made Why did Indomie Noodles build manufacturing plants all across Nigeria Did they need any special incentives from Govt. to do that No. the answer is Economics.

Parting Question: HOW ECONOMICAL DO YOU THINK IT WILL BE FOR TOYOTA TO MANUFACTURE CARS IN NIGERIA

frainc: war wey go kill u
Abi?
Mumuni

44chux:
Auto financing for new cars has been in existence for as long as I can remember although its usually at prime lending rate of between 21-28% per annum with 30% initial equity contribution on owner's part. My first kia was purchased through firstbank in 2006
http://www.wealthresult.com/2014/05/Car-loan-in-Nigeria.html

Whenever there is major face-lift or restyling of the model there is always a promo at zero percent interest to clear old stock. All u need to do is search the dailies especially during Decembers for offers
http://issuu.com/vanguardngr/docs/21072014/15?e=0/8674420\
Sterling bank is even presently trying to sell off Dana's stock below PLR as part of liquidation process

fiverrwin: When will they be making the parts here instead of assembly

sexylogan:

Ok. Good to know. The Interest rate is high though.

alotofgrace:

bros u first go uniben?

niceeric:
Quit d Economics mumbo jumbo MR,we all know those are all theory and won't manifest on their own.

Multiplier effect, job creation, pressure on d naira against other foreign currencies won't mean a thing if d FG don't put things in order in d country first before making these giant strides....Aren't Indians job creators here in NigeriaHow come they make their employees slaves ryt in their fatherland and do so with impunity cos d do called working FG gets windfalls in form of bribes from them....so is dat job creation??.....if d cars are not affordable by d populace then we should all be able to say ' to hell with their assembly plants and GEJ pls don't increase import duty on our tokunbo cars cos we are happy with them'....
cos volkswagen won't av meant people's car if it wasn't made affordable by d people....

And how would d Naira be allowed to 'grow' against other currencies if d cars don't get exported.....i'll rule out. exports outside Africa cos who would want an expensive made in Nigeria Toyota camry in the United States??....so we're left with export to African countries so dat brings me back to d pricing....if Nigerians won't be able to afford a made in Nigeria car, would it then be affordable to a Kenyan?...or a Sierra Leonean or even a Benenois who has better alternative of buying vehicles at cheaper prices ryt at his own country's port??

Koko is dat, if d cars won't be affordable just like Dstv,all network providers, services arent affordable by d common Nigerian cos d same FG demands a whole lot in terms of cash/bribes from then and if d plants would also turn Nigerians to slaves and mere contract workers as almost all establishments by foreign 'investors' do(with d FG's approval cos of monetary gains), then I and all rightly thinking Nigerians can say hell with the factories and wish and pray your GEJ gets wise and leave d import duty on tokunbo vehicles as it is and not compound our already enormous problems.

abdulwastecx:

learn first before commenting. since 2012 Kenya govt increase the tariff on imported vehicle to encourage the local car industry, this force many multi nation car brand from south korea, china and japan to set assembly plant in kenya.

u cannot developed ur manufacturing industries by turning your country into a dumping ground for developed countries waste ( called "Tokunbo". the automobile bill is the best and we need to extend thesame to other goods like the Chinese furniture and electronics, etc. Me must learn how to produce our own product ( especially consumer goods) rather than importing sub standard goods from China ( a message to ibo importers)