heed101:
You are right my bro. A case of the banming of rice importation, Farmers prefer to sell the rice at equivalent of the imported price because they believe it is difficult to get the foreign rice thereby defeating Govt objectives in ensuring boom in local rice sales.

olaniyilukman:
Remember same applied to basic amenities like food we consumed, when the border is wide open and government allow people to import food and beverages, prices of these commodities were reasonable but when they shut the border inorder to promote our own agricultural activities, Nigerians have abused the policy by deliberately increase the prices of all these commodities just for thier selfish gain

swtdrms:


That's a lie, i visited Peugeot showroom and i was surprised at the cost Peugeot vehicles as they are over 50% cheaper than their foreign counterparts. The only challenge is how many people buy new vehicles? Majority patronise Foreign used cars, so you may not be in the know.

Xisnin:

Why should the Nigerian made be affordable? You can't compare the product prices of companies who sell millions to those who sell thousands. The million company can afford to sell cheaper and still make a profit. We need the duty to make local manufactures competitive.

ursullalinda:
For me it's a welcome development......those who still want to buy Peugeot will go for it.

Isinweke:


Read again

Seniorwriter:


[s]Next time read before you post comment!
FG did not INCREASE rather the complain is on REDUCTION!!!! Haba!!
[/s]


©Seniorwriter

MrAligator:
The whole essence of increasing import duty was to make local manufacturers efficient enough to produce more at cheaper rates but it's like the prices of locally assembled cars have continued to soar instead. The problem in this country is just too many.

dalass:


[s]Haba.., read well before you comment now.... Topic says government "reduced " import dues[/s]!

IBBG:
infact now i'm beginning to believe competition is better than protectionism. Because protectionism favours the manufacturers and oligarchs in Nigeria while, competition favours the consumers due to cheaper price.

inoki247:
You guys are mad how can I buy an underage Car for 500usd or 600usd and clear it for 400k..


You go dey shout buy local! buy local!! ones they take any decisions to mak local improve na so the price go start to dey sky rocket...

Xisnin:

Why should the Nigerian made be affordable? You can't compare the product prices of companies who sell millions to those who sell thousands. The million company can afford to sell cheaper and still make a profit. We need the duty to make local manufactures competitive.

Paxxcarl:
personally i prefer the foreign brands

CSTRR:

Do you even know the meaning of competition?

You are competing with countries with cheap power and low inflation rates.

I don't blame you sha.

You are not a manufacturer.

Grupo:


Why do you think the average Nigerian goes for an imported foreign used 2007 Toyota corolla?

It's because it costs 2.2m. Which locally assembled car costs within that price range?

Hinokami:
Good move, ever since the hike in import duties. What have they achieved? They should look at the data, is there any positive correlation between increasing the import duties and development of the perpetual ailing automotive sector.

IBBG:
Long over due. When the import duties were high locally assembled cars was almost as expensive as their foreign counterparts, so the essence of hiking the import duties has already been defeated. What i've discovered with nigerian economics whenever an imported item is banned or import duties hiked in other to protect locally manufatured, instead of the locally manufactured goods to become cheaper and available, it becomes almost as expensive as the foreign goods, making the purpose of protecting locally manufactured goods defeated. I believe the problem is either we lack the capacity to produce the goods we are banning or our locally manufacturers are just greedy with hiking their price unecessarily for huge profit

Xzellentgraphic:

As the case with Rice

emrain:
One senator is about to go into car importation business.

kingreign:


Learn to understand before hurriedly commenting. The FG sometimes ago increased the import duty to favour local manufacturers and drive home more revenue. Now, the FG wants to reduce it, PAN is complaining cos of their selfish gains