₦airaland Forum

Great post.

Nigerians are generally too greedy and exploitative.

I am a supporter of FG and always call for good governance but I am really surprised no one mentioned the real reason on the FP for this reduction.

Revenue must have drastically dropped. How many Nigerians buy cars again?

I recall when it was always very easy to see the latest models of Toyota, Honda and Benz

Now, people still hang on to their 2015 models because anything from 2020 will cost an arm and a leg

flokii:
The car dealers will still refuse to reduce prices of vehicles despite the duty reduction. Just like the petroleum marketers and refiners are refusing to reduce prices of petroleum products despite reduction in global crude oil price.

Now that the African Continental Free Trade Area (AfCFTA) is about to kick off.. most Nigerian businesses will beg on their knees for patronage but won't get.. Nigerians won't buy from them anymore and of course other African countries won't patronize their overpriced goods.
With "One African market' coming into force, let's see how MOMAN and likes will survive. I want to see how Dangote will force Nigerians to buy his 12k per bag cement when 6-7k cement from other countries will be freely available in the market.

NaijaHelper1:
Why don't you post proof from a government verified site or account

is TVC, (Tinubu's TV) not credible enough?

peleson1:
Exactly

Still on the rise

What is the greed all about?

my oga, am beginning to believe that street philosophy that says " if them explain Nigeria for u and u understand then , the person no explain well"

Useless man
How do you want to protect local car manufacturers?

Who Dey even tell the old clown 🤡 what to do self ?

ogododo:
Federal government has reduced import levy on new vehicles 🚗 into Nigeria 🇳🇬 from 20% to 10% and that of used vehicles from 15% to 5% in order to ease cost of vehicle importation. The reduction takes effect today.



https://www.tvcnews.tv/vehicle-import-levy-reduction-takes-effect-as-new-fiscal-measures-commence/



@DOlusegun

For once do something nice for the people Bro Tinubu

Let this be enforced immediately and further reductions should be implemented on other imported goods

Gotocourt:
You go still lose election.

Lose to who? U must go to court.

It will never stop us from kicking the druggie away from that seat.

Election bait

dgr8truth:
A fantastic and long-overdue initiative—slashing car duties will definitely ease the burden on everyday citizens. However, it’s quite telling that it took this government over 3 years of crushing economic pressure to finally implement a pro-people policy. It feels like too little, too late. If the 2027 elections are truly free and fair, they’ll find out that Nigerians have long memories, and a last-minute tariff cut won't automatically erase years of hardship at the ballot box

It feels like it's too late? Are you dying tomorrow?

flokii:
The car dealers will still refuse to reduce prices of vehicles despite the duty reduction. Just like the petroleum marketers and refiners are refusing to reduce prices of petroleum products despite reduction in global crude oil price.

Now that the African Continental Free Trade Area (AfCFTA) is about to kick off.. most Nigerian businesses will beg on their knees for patronage but won't get.. Nigerians won't buy from them anymore and of course other African countries won't patronize their overpriced goods.
With "One African market' coming into force, let's see how MOMAN and likes will survive. I want to see how Dangote will force Nigerians to buy his 12k per bag cement when 6-7k cement from other countries will be freely available in the market.

You see that cement issue? It's time the FG opens our borders to the importation of cement so that our cement manufacturers will face real competition

commoditiesnig:
Very welcome news..


Why not simply commend Goodnews and move on! Must you display negativity on everything?

You guys should grow up!

Abeg leave that guy alone. I don't bother dignifying his type with comments. No matter what happens, they only see negativity in everything good news.

AdolfHitlerxXx:
Great post.

Nigerians are generally too greedy and exploitative.

I am a supporter of FG and always call for good governance but I am really surprised no one mentioned the real reason on the FP for this reduction.

Revenue must have drastically dropped. How many Nigerians buy cars again?

I recall when it was always very easy to see the latest models of Toyota, Honda and Benz

Now, people still hang on to their 2015 models because anything from 2020 will cost an arm and a leg

Which revenue must have dropped? Hope not the custom revenue because the NCS has for the past 3 years surpassed their yearly Revenue targets

Na to quickly order one ride sharply before baba change mind.

Ofodirinwa:
Fortune teller, stop attributing your bad character onto others.

my friend Is not about fortune teller or not appreciate a good thing or good policy but you can't trust this government in form until when it is materialize . This is the same government who promise civil servant wages award and could not fulfill his promise in full. This is the same government who announced that peculiar allowance will be paid to civil servant since about 4 months ago but nothing yet .

See election strategy 😂

This one na campaign reduction

MaziObinnaokija:
I have 2012 white Toyota camry XLE in Nigeria for sale. Who can help sale

DM, let's talk

yemre:
Abeg leave that guy alone. I don't bother dignifying his type with comments. No matter what happens, they only see negativity in everything good news.

They’re such a big embarrassment

Smartguyboy:
Useless man
How do you want to protect local car manufacturers?

Who Dey even tell the old clown 🤡 what to do self ?

How many local cars you see on the road?

Election is around the corner, so w r expecting more from mr president, then after election, w go collect🤏

slivertongue:
If true, it's good but the FG will use another means to collect what they claim has been reduced

That's not news. But these people don't care if no one trusts them

The problem is the exchange rate. Not the tarrif.

AdolfHitlerxXx:
Great post.

Nigerians are generally too greedy and exploitative.

I am a supporter of FG and always call for good governance but I am really surprised no one mentioned the real reason on the FP for this reduction.

Revenue must have drastically dropped. How many Nigerians buy cars again?

I recall when it was always very easy to see the latest models of Toyota, Honda and Benz

Now, people still hang on to their 2015 models because anything from 2020 will cost an arm and a leg

Read it again not about reduction in revenue is to try make life easy for the poor masses. You can see rice sugar and some others items

Sugarboyy:
It feels like it's too late? Are you dying tomorrow?

Everyone's 'tomorrow' is guaranteed to come, but that doesn't mean we should tolerate bad governance today. Asking if I'm dying tomorrow completely misses the point. The policy is too late because the economic damage has already been done over the last three years. We shouldn't have to wait until the brink of an election year to see policies that actually benefit everyday people

Custom don ever tell you they are not aware of new govt tariff policy? I'm shocked some people still never understand this country. Audio tariff reduction

jmoore:
Custom is different from government.

Only those that import cars can actually verify if this is being implemented or audio.

It will go back up after elections next year. We must understand that in this country all the poverty and frustrations the people have been put through is actually caused by thoughtless and wicked government policies by successive administrations.

It may still be on paper....and you know what? It doesn't still mean he deserves a second term!

dgr8truth:
Everyone's 'tomorrow' is guaranteed to come, but that doesn't mean we should tolerate bad governance today. Asking if I'm dying tomorrow completely misses the point. The policy is too late because the economic damage has already been done over the last three years. We shouldn't have to wait until the brink of an election year to see policies that actually benefit everyday people

So because it's an election year every policies by the government for the good of the citizens should be put on hold till after the election? Should the FG also put on hold the reconstruction of several road projects currently ongoing in the country, including the 2nd Niger bridge access roads, the Sokoto/Badagry super Highway and the recently approved 27 road all over the country till after the election?
Then lastly, All over the world, government comes up with policies for the betterment of the citizens even with just a day to an election.
Trump has just ended the Iran war because it's clear that that Republicans will be losing at their next poll. Trump should have waited till after the election before ending the war, even at the detriment of the whole world?

after he win election finish ( God 4bid) it will shoot past 1000%

No tenks!
Obi/Kwankwaso 2027 ✌️😎