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PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles - Car Talk - Nairaland

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PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by AnonPoet: 3:25pm On Jan 13
PAN Nigeria Limited has decried the approval of the Federal Executive Council (FEC), for a downward review of tariff on importation of vehicles into the country.

Chairman of PAN, Mr Ahmed Wadada-Aliyu criticised the approval told journalists on Tuesday in Abuja that the downward review would be detrimental to the long-term competitiveness of the automotive industry in the country.

He said that it could eventually lead to total collapse of the Nigeria automotive industry thereby, placing other African countries as the new hub of automotive activities within the ECOWAS sub-region.

He said the Minister of Finance, Zainab Ahmed was communicated the wrong statistics about the automotive industry which led to the tariff review.

“When the National Automotive Manufacturers Association (NAMA) discovered that a tariff had been inserted in the 2020 Finance Bill, the vice president called a meeting in which NAMA was in attendance.

‘’It was agreed at the meeting that NAMA should put up a comprehensive presentation on the needs of the automotive manufacturers with regard to capacity for effective performance.

We are however, shocked to learn that the 2020 finance bill has been approved’’, the PAN chairman said.

According to him, the reasons given by the Comptroller General of Customs, Col. Hameed Ali (retired) for the tariff review are not satisfactory to warrant a reduction.

“The reasons he gave are; inadequate capacity of local automotive assemblers to meet demand of consumers, diversion of vehicles to other countries instead of the Nigerian market and high transport cost,’’ he said.

The PAN chairman accused the comptroller general of bowing to the pressure of ‘other stakeholders’.

‘’We strongly believe that the comptroller general succumbed to the lobby of tokunboh dealers who are glorified car dealers with no matching investment in local vehicles assemblers.

“And without linkages and value chain components that can precipitate long term industrial growth of the Nigeria economy,’’ Wadada-Aliyu said.

He warned that the reduction in tariff would increase tokunboh importers flooding the country with all manner of old and obsolete vehicles.

He also said that there would be imminent closure of the 54 assembling plants in Nigeria and their eventual shutdown.

He appealed to President Muhammadu Buhari to as a matter of urgency, reverse the review.

https://www.worldstagegroup.com/pan-nigeria-sees-tariff-reduction-on-importation-of-vehicles-as-detrimental-to-automotive-industry/

1 Like 1 Share

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Chatflick(m): 3:51pm On Jan 13
Meanwhile ...

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by aleeyus(m): 3:51pm On Jan 13
Who be PAN

Modified

E go favor innoson

nice move cool

5 Likes

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by blinking001(m): 3:51pm On Jan 13
PAN should shut their mouths and follow the president's directives.....yeye people....

23 Likes 1 Share

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by MANNABBQGRILLS: 3:51pm On Jan 13
We strongly believe that the comptroller general succumbed to the lobby of tokunboh dealers who are glorified car dealers with no matching investment in local vehicles assemblers.

6 Likes 6 Shares

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by chxe: 3:51pm On Jan 13
Hmmmm
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by DennisEche(m): 3:51pm On Jan 13
CLUELESS GOVT MAKES POLICIES WITHOUT THINKING OF THE CONSEQUENCE, WHAT HAPPENS TO LOCAL FIRMS.
THE ONLY THING THEY KNOW IS COLLECTION OF LOANS

4 Likes 2 Shares

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by jimi4us: 3:52pm On Jan 13
Dangote on the beat again. He bought over PAN Nigeria few years ago

2 Likes

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Whiteshield: 3:52pm On Jan 13
MANNABBQGRILLS:
We strongly believe that the comptroller general succumbed to the lobby of tokunboh dealers who are glorified car dealers with no matching investment in local vehicles assemblers.

Before the tariff was removed, how many Peugeot or brand new Nigerian manufactured cars did you buy?

86 Likes 3 Shares

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by inoki247: 3:52pm On Jan 13
When them do the Law to favor them which advantage dem add to the masses foolish set of people..

if u try to buy Naija made Car e cost pass buying Car from abroad just like buying imported rice dey cheap pass local when the border waz open...

Pan ko Panduku ni..


Even US wey dey produce Ford nd Chevy no force am on dere people...

38 Likes 1 Share

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by lightheart(m): 3:53pm On Jan 13
Matters arising
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Queenlovely(f): 3:53pm On Jan 13
the day the igbo man will learn to cooperate with his brother, they will build multi national companies that will rival Google and shell and other fortune 500 companies.

that will be the beginning of a better Africa, when anambra business men can pull cash together to do big project instead of one man business

one man business model is outdated,

if America had depended on the one man business structure it would not be able to be what it is today.

we should have well developed stock market that business can sell shares and stock, learn to respect agreement, then the igbo tribe will be the global business hubs. better than the jews

in short, the Yoruba man and hausa man will respect you and work under you, you can indirectly control politicians, Yes

in South Africa white men own the business while black people are in politics, but u don't have to look twice to see who is in charge. ruling by proxy.

haba, igbo tribe open ur eyes, the world is changing

6 Likes 1 Share

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by bastien: 3:53pm On Jan 13
The gammar is just too big, whatever they were saying in the meeting and in the budget, let it be that clearing and duty and whatever fee being paid is reduce, so as tokunbo car prices can reduce too, how can a car of 2005-2009 be selling 2m and above, with high milage? Why...and to those thieves on auto section, FASH, HBHUB, BJ wey dey high money for naija rubbish buy and drive, na God go break una leg! I no blame una.

To save money no get value, to buy land for Lagos na to dash omonile money come still lose the land, to build house no be beans, make person kukuma use the money buy luxury car enjoy him little time for this wicked world na still wahala.

Omo

18 Likes 1 Share

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Ofemmanu1: 3:54pm On Jan 13
hehehe
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by CarGuideNG: 3:54pm On Jan 13
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Pickieox(m): 3:54pm On Jan 13
Join us at Christ Love International Theatre aka CLIT EMPIRE

Follow us on Twitter: houseofclit
Like our Facebook Page: CLIT EMPIRE

God bless you as you do so...
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Starke(m): 3:54pm On Jan 13
What's the meaning of PAN?
The tariff was reduced from how many percent to what?
How does it affect the relevant stakeholders?
What is the effect on the economy?
These are basic questions this useless post should first of all address while introducing it to the ordinary reader.
Now I'm reading it with no idea what in God's name you're talking about.

6 Likes

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by omocalabar(m): 3:54pm On Jan 13
Whiteshield:


Before the tariff was removed, how many Peugeot or brand new Nigerian manufactured cars did you buy?
ask the zombie

12 Likes 1 Share

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Paxxcarl(m): 3:54pm On Jan 13
Whiteshield:


Before the tariff was removed, how many Peugeot or brand new Nigerian manufactured cars did you buy?
i’m sure he can’t answer that

11 Likes

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by MANNABBQGRILLS: 3:54pm On Jan 13
Whiteshield:


Before the tariff was removed, how many Peugeot or brand new Nigerian manufactured cars did you buy?
The same number all the people in your village and Local Government bought.
tongue tongue tongue

Any other questions of the day........?

Oya...hit us!

2 Likes 3 Shares

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Bumpoi: 3:55pm On Jan 13
hoop gad
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by elmessiahs(m): 3:55pm On Jan 13
great
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Confirmedzombie: 3:56pm On Jan 13
PAN should go and sat down than spoken rubbish.
The reduction in tariff is a best one, why clitisize it.
FG should just maintains there stand and never socomb to PAN.

6 Likes

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by IamAsiri: 3:57pm On Jan 13
Paxxcarl:
i’m sure he can’t answer that

Lailai grin

1 Like

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by freemi(m): 3:57pm On Jan 13
MANNABBQGRILLS:

The same number all the people in your village and Local Government bought.
tongue tongue tongue

Any other questions of the day........?

Oya...hit us!
pikin reply

14 Likes

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by etrouble: 3:58pm On Jan 13
MAD people. They should rather go and put gun on Buhari and Osinbajo head to reverse it nah. Useless people.

Where are these useless boys that call themselves National Association of Nigerian Students (NANS) and the useless adults that call themselves Nigeria Labour Congress (NLC), is this not the right time for these two useless association of thieves to match to PAN factory and lock is once and forever?

8 Likes

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by flybiz08(m): 3:59pm On Jan 13
Confirmedzombie:
PAN should go and sat down than spoken rubbish.
The reduction in tariff is a best one, why clitisize it.
FG should just maintains there stand and never socomb to PAN.


English murdered!

1 Like 1 Share

Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by etrouble: 4:01pm On Jan 13
flybiz08:



English murdered!

I am shocked.

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