According to a report by Daily Trust, there is worry in the automobile industry following the decision of President Muhammadu Buhari to decline assent to the National Automotive Industry Development Plan (NAIDP) Bill.

This is coming after four years of legislative fireworks before the 8th National Assembly passed the Bill in 2017.

Almost two years after the Bill was passed by the National Assembly, there was uncertainty in the industry when the President failed to assent to the Bill.

Industry players and stakeholders were shocked when Buhari recently declined assent to the Bill. No reason was given for the decision.

To the stakeholders, the President’s decision to assent to the Bill was an anti-climax in the efforts to attract foreign direct investment (FDI) through the Original Equipment Manufacturers (OEMs) into the industry.

According to Daily Trust, the President declined assent into the Bill following a comment from the Nigeria Investment and Promotion Council (NIPC) querying the “pioneer status” granted to manufacturers.

What do you think about this?

Source: https://autojosh.com/rejection-auto-policy-bill-automobile-industry/

Lalasticlala
Mynd44
Ishilove
Marpol
Semid4lyfe
Obinoscopy
Seun

is the Economy ready for it? Production is not complete until product gets to consumers, if consumers can't afford it, then production isn't complete

The bill may be seeking for a 200% import duty on imported cars, trust Nigerians and bizzare request.

hisgrace090:
The bill may be seeking for a 200% import duty on imported cars, trust Nigerians and bizzare request.

hmmm

What's the bills content?

Baba wey mumu doesn’t like anything that’s good for this country

AutoJoshNG:


According to a report by Daily Trust, there is worry in the automobile industry following the decision of President Muhammadu Buhari to decline assent to the National Automotive Industry Development Plan (NAIDP) Bill.

This is coming after four years of legislative fireworks before the 8th National Assembly passed the Bill in 2017.

Almost two years after the Bill was passed by the National Assembly, there was uncertainty in the industry when the President failed to assent to the Bill.

Industry players and stakeholders were shocked when Buhari recently declined assent to the Bill. No reason was given for the decision.

To the stakeholders, the President’s decision to assent to the Bill was an anti-climax in the efforts to attract foreign direct investment (FDI) through the Original Equipment Manufacturers (OEMs) into the industry.

According to Daily Trust, the President declined assent into the Bill following a comment from the Nigeria Investment and Promotion Council (NIPC) querying the “pioneer status” granted to manufacturers.

What do you think about this?

Source: https://autojosh.com/rejection-auto-policy-bill-automobile-industry/

Lalasticlala
Mynd44
Ishilove
Marpol
Semid4lyfe
Obinoscopy
Seun

What is the bill?
And, what does the bill aim to achieve?

Evil day postponed but for how long?

hisgrace090:
The bill may be seeking for a 200% import duty on imported cars, trust Nigerians and bizzare request.

exactly. The bill is seeking 70% tariff on imported vehicles. Reckless bill. Our legislators are senseless. People will come here and condemn the president when he is actually doing us goods. There are better ways to see the auto policy come to effective fruition