The e-valuation policy of the Nigeria Customs Service (NCS) has been described as suffocating and retrogressive to both the vehicle dealers and the Nigerian economy.

President, Association of Motor Dealers of Nigeria (AMDON), Prince Ajibola Adedoyin, who made this known during a media briefing  at the weekend, said the new e-valuation policy had jacked up the prices of vehicles by close to a 100 per cent arising from the hurtful duty computations embedded in the policy.

According to him, the e-valuation remains the classic example of government’s insensitivity to the plight of Nigerians, as foreign-used vehicles are now outside the reach of the majority of Nigerians who are already battling poverty, insecurity, inflation and other challenges.

Adedoyin explained that the policy simply means that the Customs duty of any imported vehicle, regardless of the year of manufacture, will be computed based on the template of a 10-year vehicle.

“For instance, if you import a 2007 Toyota Corolla, you’ll pay the duty equivalent to that of the 2012 model, which is 10-years-old being the maximum age any imported should be, according to the new arrangement. “Even individuals who managed to save up to buy personal vehicles that hitherto sold for N2 million or a little above that will now have to cough out about N4 million in an already distressed economy. So, what good purpose does that serve?” he queried.

Adedoyin further stated that the policy had taken a heavy toll on the association, as over 350 vehicle importing and sales companies were on the verge of closing shop because they can no longer function under the asphyxiating circumstances occasioned by e-valuation.

 


https://leadership.ng/customs-e-valuation-policy-fuelling-smuggling-motor-dealers-cry-out/

Hmmm

How I wish innoson cars were cheap. This leaves us with no other option of getting cheaper cars than to follow molue up and down.

For real

Chai, person nor fit buy toyota starlet again oooo.

Buhari custom duties policy drove the price of second hand vehicle over the roof.

Most Nigerians are waiting for Buhari to go before they get their dream cars.

Now, some people will come and defend this policy...

Wait for it

This scheme is just for extortion

Apc came to steal to kill and to destroy the Good records of pdp

APC doesn't mean well for the ordinary Nigerian!

Since the Minister Of Petroleum and
his NNPC GMD have deliberately killed
the Petroleum sector, they want to use
the Customs Department headed by that
mad Kano mam to make up for the deficit
in revenue☹️☹️☹️


The car dealers should write a petition
to the national assembly, because this
also affects the common man who can
no longer afford ordinary VW Golf that
used to sell for N350k under PDP.


Such Golf will now sell for not less than
N3m❗️❗️

APC has ruined this country. This is pure extortion. Those are not luxurious cars. And I see no reason for the anti masses policies.

Do they want everyone to be trekking?

Nigeria na curse

Maintain your old cars the best you can. In Ivory coast currently, you can't import any vehicle older than 7 years

Inside this corruption I must make it because if you can't beat them join them to beat them.


E get reason.

Sai BABA sai APC


Una eyes go soon clear


I pity Tinubu ooo bcuz is not keeping any records for him to break again if he mistakenly win

Time for innosson and Others to take advantage of this

Jagaban will get rid of this problem

This Satanic Sleeping president and his fork tongued, two faced vice has completely abandoned our forex to rot. We are back over 700 naira to the dollar. Why cant this useless people understand that fall of the naira will collapse the economy itself.

Why not stop this thieving fuel subsidy and rather direct all registered public transportation vehicles to buy fuel and diesel from NNPC Mega stations, areas where there are no NNPC mega stations you build new ones. use part of that subsidy money to intervene in the forex market and send our naira back below 300.

Those of us who heavily invested in this country with hopes that we would have been able to use the proceeds from our investments to pay our childrens school fees someday have seen our investment loose value at over 400% in value with the naira going from 170 to 702 per dollar.

God will punish this wicked ruling Government, APC Party and its supporters.

The country is in a State of Comatose

Can someone explain motor vehicle import duty to me? Cos i do not understand how this thing works

Ok

Mamaafrik1:
Time for innosson and Others to take advantage of this

Innosso car price too na no go area, it is well with our country.

Honestly, inflation has dealt a tough blow on Nigerians already and the FG needs to be more sensitive. They need to put measures in place to ensure that businesses aren't suffocated.

In a country where public transport is being run by touts disguised as transport unions and people have to take delivery vans disguised as buses, the government needs to do much more to ensure people are comfortable.

Vote PETER OBI 4 president o the federal republic of Nigeria Abeg .

Minister of finance wey no sabi finance
Accounting is different from finance

Anyways, the 10 years policy has been in place years ago but has not been adhered to. Everyone must not have a vehicle. Even those that have are tired of driving every day in heavy traffic. A large number of vehicles on the road needs to be discouraged and we need a clean, safe and efficient public transport system.

A minimum healthy standard must be implemented in the transport system.

Na rickety cars go full road now