Justcash:


I deal on cars. Importation of cars does not have a spiraling effect on job creation as much as domestic manufacturing of cars. When you start to manufacture cars instead of importing them, it is like backward integration in job creation. Right from the point of production, jobs are being created. This includes supplies of foreign made components, technical aspect of production, marketing, sales, servicing and general administration. Then ofcourse, spiraling effects on outsourced services, medical personnel among others. Let's not forget that these cars can be exported. The process of exportation comes with its own spiraling effect on job creation. More still, organized servicing outfits will emerge all over the country to provide car servicing aids. Jobs are created by these servicing firms too.

When you import cars, you shed the production burden, and foreign labour replaces local labour. The impact on job creation is minimal when compared with local production. Because anybody can import cars, qualified Nigerians that can work in the auto manufacturing industry are left jobless. The best they can do is to rely on their entrepreneurial abilities to become mechanics.

deemdeem:


And who told u that importation of cars doesn't create jobs. Starting from the buyer, clearing and forwarding agents, transporters, auto mechanics down to the scrap metal man that deals with the remnants. Don't be deceived, there is currently thousands if not millions benefitting from the status quo.
The truth is as long as prices of Nigerian made prices are at the high side, it will never be attractive to the vast majority. I don't blame the producers either, their cost of production is also high. If Nigerians don't buy, won't the company fold up? This should be our govt primary concern. help the companies in reducing their overhead therby reducing the cost of these vehicles therby becoming attractive to vast majority of Nigerians and not only govt.
Even with the increase in tariff, tokunboh cars are still cheaper, attractive and even safer so what really should be the primary catch to the Nigerian consumer? again I state, the policy is good but the timing is wrong.

ilugunboy:



When you encourage 100-200 small modular power operators generating around 10MW per plant in each regions of Nigeria and dedicated to specific neighborhoods ...you can easily add around 2,000MW per region.....that is 12,000MW.

Honestly power generation and 24hr power supply is not a difficult science, as the likes of the Lagos State government, Dangote, Nigeria flour mills and BUA have proven to us.....its a science that have been in existence for several years ..

We just need a governemmt that can take such bold initiative and not the halfhearted privatization that was sold to us...

J12:
It is stupid that a country like ours, which is in dire need of foreign direct investment would encourage policies that would shut out the inflow of the needed foreign investors in the country.
This is what the APC is trying to achieve if we follow Osinbajo's statements.

How will automobile manufacturing giants feel when they've signed an MoU with government with the aim setting up manufacturing plants in the country, with the government agreeing to making the automobile market a bit more comfortable for the manufacturers, Only for the government to renege on her agreement?

It increases our political risk and we may find it very difficult to attract foreign investor in years to come.

deemdeem:



I may not deal in cars but i buy cars and use them as I deem fit. Don't get me wrong. I desire that we should start producing and using strictly the cars we produce here. Of cos the benefits outweighs the benefits of just consuming what others produce. However it's wrong to say that there are no benefits at all.
Imported vehicles also bring jobs but definitely not as much as if we start doing and consuming it ourself.
This doesn't change my stance though about this good policy coming at a very wrong time. The basics needs to be sorted out first.
The bitter truth is if we produce and sell to ourselves at extremely high rate, who are the Nigerians that will buy it? If Nigerians don't buy, won't these companies fold up, if they do what happens to the jobs created?
Govt should focus on the root which is the indices that makes producing very high first chief among power which invariably reflects in final cost hopefully at the reach of so many before increasing tariffs of imported vehicles.

SeverusSnape:
Osinbajo at it again...Haba!

Please stop lying, Oh!...You're a lawyer, Worst of all; you're now a politician.
**in buhari's voice**....Kwotinue, It is fart of za jab.

Boss13:


Nice comment, but I disagree that the timing is wrong. On a frank note, these manufacturers are yet to start rolling out vehicles. I have not seen any advert on the prices of Innoson vehicles. I have called the sales representatives on their website, the number never picks up. I don't know the operating model for Innoson (maybe demand outstrips supply) because it had to take political and presidential endorsement for the public to believe that Innoson actually manufactures/assembles vehicles.

I respect ur view also. Actually I choose to restrict myself to Innosun for now because I am not totally ignorant about it. Those made in Nigeria cars are expensive. I don't blame the manufacturer also because I also appreciate that his cost of production is also very high.



The government should be interested now in organising a vehicle ownership financing scheme with low interest rate spread across the lifespan of the vehicle and likewise the option for trade-ins. I believe this is one way that can explode the automobile policy. The government should also be looking at implementing a credit system in the country as it is obtainable in developed countries. I do not want to start explaining the effect of a credit system, might bore some people. But trust me, if implemented right, the multiplier effect will be tremendous.

Now we are talking. If u want Nigerians to buy these made in Nigeria vehicles as it is done in other countries then financing schemes of various kinds with less killing interest should be available also. For now, it's mainly cash down.



Policies should be drafted and implemented to at least affect 80% of the populace and not for the 1%

Wellsaid. The truth is vast majority of these 80% can't even afford the cheapest Innosun cash down but some could if there is a good finance arrangement available to them.

.

Justcash:


The investment is already in place. It needs to be protected because it creates jobs, then deficient infrastructural facilities should be added to reduce the cost of production. That is a better strategy than the reduction of tariff. If you reduce tariff, you'll kill the production plants. It is better to ban the importation of cars to protect domestic jobs. With time, Nigerians will get used to the price and the spiraling job creation impact of supporting industries will be enormous. As expected, imported brands will seek for ways to manufacture locally for profit and government's protection.

OSINBANJO is not thinking properly.

ilugunboy:
It's is criminal to shot up tarrif on imported new and second hand car without a corresponding increase in local production at competitive price.

You only encourage smuggling and the resultant loss of revenue to the government by way of reduced custom duty...

You can't inconvenient Nigerians because of some cabal close to the seat of government ...promising the govt they can meet demand, which obviously is a daunting task...

pedel:
How do you expect people on 18,000 per month minimum wages to buy the brand new cars? In developed countries there's auto-finance with interest rates regulated. If people can't afford the new cars the manufacturer will go back to where they come from. When you are thinking about eating 10 wraps of fufu, think about the hours you will spend in the toilet. 95% of our government policies are never designed to favour the masses. Tell me the benefits of the new car plate numbers and drivers licence.

bumtos:
Let them start from Lagos. Let them slash the amount we are paying for land use charge and I will knw they really serious about what they are saying.

He said under APC government, it would be criminal not to pay pensions, saying the law that would be put in place would compel employers to ensure pensioners got their entitlements as soon as they retire.

Osinbajo added that the job creation strategy would involve making loans available to small businesses with little or no interest.

richidinho:


U are planning to take us backward

Don't worry no need for that

NIGERIA UNDER GEJ has started producing Made in Nigeria cars and exporting to other countries

kenis:
APC is really determined to take us 40 years backwards

atlwireles:
So you're telling investors building assembly plants to back off . Because you intend to reduce tariff, that have not gone up yet?


What is this decentralising power generation? Is power production currently centralised?

fkaz:
Nigeria need focus and Intelligent leaders, not the crop of leader that are ruling now

Akinsz:
PDP Poverty Development Party

pedel:
This is the most informed contribution so far on this subject. How do you expect people who have never left Nigerian boarder to understand that there must be a financial system in place before those policies can work. Some people are just quoting economic theories that they learnt in the university whereas our national circumstances does not yet support them. Now I can't afford a new car, no bank is going to give car loans at reasonable interest rate and I can't afford an imported car because of the tariff. So tell me how the policy benefit me.

free2ryhme:




They are all assembly plants creating jobs for the manufacturer countries. Power must be fix before this companies can be viable. Cars produced on generators. What's going to be the cost to the buyers.