FG Postpones 35% Levy On Used Cars Till April 30 - Autos (4) - Nairaland
Nairaland Forum › Nairaland General › Autos › FG Postpones 35% Levy On Used Cars Till April 30 (20975 Views)
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by nduchucks: 3:12pm On Jan 01, 2015 |
We've been telling the clueless one and his cohorts for ages that their ill-advised tariff increase on used cars is not sustainable and would cost the country thousands if not hundreds of thousands of jobs, not to talk of the huge loss of revenues to be incurred by the customs. They can support the auto manufacturing industry without destroying small businesses which thrive on used car importation. This tariff has been postponed for at least the third time - evidence of cluelessness. The good news is, come April, GEJ and his ill-advised team would have been booted out of office, for good. Idiats!! We are still waiting for the brand new cars they promised - you know, the ones which will cost N1.5million. The Freaking liars must be voted out, come next month. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by Nobody: 3:28pm On Jan 01, 2015 |
Please GEJ,don't postpone the 35% increment-let Nigeria know the impact of your stupid policy now than later (when they will not be able to have any impact on you again).Quote me,Nigerians are in trouble. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by Nobody: 3:28pm On Jan 01, 2015 |
Please GEJ,don't postpone the 35% increment-let Nigeria know the impact of your stupid policy now than later (when they will not be able to have any impact on you again).Quote me,Nigerians are in trouble;should they vote in GEJ... |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by cap28: 3:38pm On Jan 01, 2015 |
Obviously timed until after the election when they will unleash more starvation economic policies on the masses who will be expected to pay for the shortfall in oil revenues. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by cap28: 3:48pm On Jan 01, 2015 |
[b]2015 GENERAL ELECTIONS: None of the existing political parties represent the change working masses and youth desire |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by Ologunjude(m): 3:50pm On Jan 01, 2015 |
Election forced decision. Allow the 35% to stay and loose gallantly some key votes. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by Pecca: 3:54pm On Jan 01, 2015 |
ELECTION THINGS |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by Nobody: 3:55pm On Jan 01, 2015 |
egift:MR MAN, CAN YOU BE OBJECTIVE AND RATIONAL FOR ONCE? THIS IS NOT ABOUT THE CLUELESS ONE (GEJ) OR ABOUT THE DUMBEST ONE (GMB) RATHER ITS ABOUT NIGERIA AND NIGERIANS. I'm sure you didn't read this part and if you did u still couldn't comprehend? The federal government intends to balance vehicle supply and affordability with the production by the assembly plants. The Director General said: “The government earlier deferred the imposition of the levy on used cars to December 31, 2014 to enable assembly plants ramp up enough production to satisfy demand.” The Nigerian market, he said has approximately 400,000 vehicles annually, with about 300,000 imported as used, which was the reason “the government has to balance vehicle supply and affordability with the production by the assembly plants.” Jalal explained that the arrangements for the establishment of the affordable vehicle finance scheme suffered delay of about four months due to the Ebola Viral Disease. He explained: “The staff of the collaborating bank, Wesbank of South Africa, delayed their planned trip to Nigerian to set up operations from September 2014 to January 2015. Hence the new date for the start of operations of the financing scheme is April 2014.” |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by tope777(m): 3:56pm On Jan 01, 2015 |
Nigerian!!! We are funny people. Some people just believe that Governance is like selling pure water and they even believe that immediately their GMB resume things will change like magic it's not so my brothers, it will take any new government another 2 years to start getting their bearing. FACT!! But the present government already laid concrete foundation of positive policies in several sector: Agriculture, Transport ( Automobile) manufacturers , Aviation to mention But few. We should not deceive ourselves, the rot of 40 years can never be corrected in 16 years, it's easy to destroy than to build. Continuity and prayer of the masses for support is the solution and we shall get there one day. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by onatisi(m): 3:57pm On Jan 01, 2015 |
“According to him, these tariffs are to be reduced gradually over the years, as the vehicle assembly and local content operations gain momentum.”. This will be a wrong move ,I believe the tarrifs should be raised as the local assembly plants increase their production capacity and output. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by okabe(m): 4:05pm On Jan 01, 2015 |
nduchucks:Care 2 share exactly hw u propose they can do dat? |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by nduchucks: 4:11pm On Jan 01, 2015 |
okabe:They are already providing financial incentives to the manufacturers who will find customers for their products in Nigeria, other African countries, and even abroad! The Nigerian Used car industry poses no threat whatsoever to these manufacturers, so why destroy that industry? There is no sense in abruptly increasing tariffs on used cars simply because the government wants to support auto manufacturers. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by maxtamazin: 4:18pm On Jan 01, 2015 |
egift:Did u read the article? He postponed it so that local manufacturers can meet or almost meet demand. Is it hard to see any good in the country or the hatred of GEJ has blindly so many people. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by okabe(m): 4:20pm On Jan 01, 2015 |
nduchucks:I c ur point buh u knw 9ja peeps n our mentality...nt 2 mention our poverty. Let's c wat hapuns shaa |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by maxtamazin: 4:21pm On Jan 01, 2015 |
nduchucks:Seriously? Used car poses no threat to manufacturers? Is like we continue to wear used cloths from abroad. How do we encourage production if imported used cars are cheaper than Nigerian made or how do u increase employment if you don't support local content. User car market is not an industry, is a system of land fill or car dumping ground. Years ago thee UK govt had to pay people money to change their cars in order to support local manufacturers. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by cap28: 4:23pm On Jan 01, 2015 |
The looters have to ensure that they secure themselves in power before they unleash more misery on the docile Nigerian masses. Since when did the Nigerian looters give a damn about boosting the domestic automobile industry? These are people who are looking for alternative income streams to boost their rapidly falling oil revenue and they are determined to ensure that they get the docile Nigerian masses to make up the difference so that they continue to reap where they did not sew. The Nigerian masses are going to pay through their noses for PDP's 16 years of industrial scale economic mismanagement by way of massive tax increases, non payment of salaries, even more massive unemployment and removal of the so called subsidy. I pity Nigerians who actually believe that these scumbags care about the welfare of the people, the truth is they have no positive vision for Nigeria. Now that the main source of their looting is now in a state of freefall they are desperately looking for other ways to suck the NIgerian people dry and they will make you pay severely for their terrible incompetence. Imagine imposing more hardship on a people who don't even have access to basic requirements such as stable electricity, water, health care and education. What a joke! Tiny countries like Cuba have all of the above in place and they have been subject to an economic embargo from the US for over 50 years! |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by Caseless: 4:32pm On Jan 01, 2015 |
dammytosh:just dont mind those fools. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by Caseless: 4:34pm On Jan 01, 2015 |
ssammy:u de deceive yourself. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by begwong: 4:41pm On Jan 01, 2015 |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by begwong: 4:42pm On Jan 01, 2015 |
Lol.Until after elections bah? The fear of elections is the begining of wisdom.! |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by ollyruffy: 4:45pm On Jan 01, 2015 |
GEJ, you are still going to be voted out in 2015. All this election period tactics will not save you. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by cap28: 4:46pm On Jan 01, 2015 |
If many Nigerians were to apply common sense they would insist that the people who mismanaged Nigeria's oil revenue should be the people to pay for the shortfall in revenue that the country is experiencing not the masses who have never enjoyed one drop of the oil revenue for one day of their lives, but NIgerians continue to put their faith in a govt of looters who have abused and exploited them for the past 16 years. Why is no-one up in arms against Okonjo Iweala, Deizani Alison Madueke and other members of GEJ's bandwagon of looters, how can you believe that a theif that has never given a damn about you will suddenly start caring about growing the domestic automobile industry all of a sudden? It beats my imagination at how easy it is to bamboozle Nigerians. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by guyX(m): 4:47pm On Jan 01, 2015 |
Aitee1:Pretty face, it's NONE not NON. Eyes on you. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by onatisi(m): 4:51pm On Jan 01, 2015 |
The tarrif should even be raised to 50% by the end of next year . |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by nduchucks: 4:54pm On Jan 01, 2015 |
maxtamazin:The government should allow the free market to work. If the imported used cars are inferior to the alternatives provided by the manufacturers, the imported used car market will die a natural death. Very simple concept. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by cap28: 5:15pm On Jan 01, 2015*. Modified: 6:12pm On Jan 01, 2015 |
[b]Jonathan to Nigerians: Endure hardship that comes with fallen oil pricehttp://www.premiumtimesng.com/news/headlines/173903-%E2%80%8Ejonathan-nigerians-endure-hardship-comes-will-fallen-oil-price.html Only in Nigeria can a useless looter steal from his people and then turn around and have the guts to ask the same people to take responsibility for the mess that he caused. Only in Nigeria will the people sit back and still give such a person the benefit of the doubt. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by onatisi(m): 5:18pm On Jan 01, 2015 |
nduchucks:no country makes industrial development by not protecting it local industries. The idea is simple.this isn't a total ban on imported cars ,if someone believes he wants the best and he or she can afford it ,fine,let him just pay the tarrifs that is all. India did a similar thing like this in the early 80s and it worked . Infact the fg have been very considerate. Some countries won't even consider any grace extension period . |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by nduchucks: 5:26pm On Jan 01, 2015 |
onatisi:The tarrifs on imported used cars are high enough. The abrupt increase serves no useful purpose and is senseless. As they increase tariffs, they grant their cronies waivers to the tune of billions of naira while attempting to kill small businesses. These actions are senseless and not well thought out. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by onatisi(m): 5:47pm On Jan 01, 2015 |
nduchucks:let me take ur points one by one . You mentioned the issue of govt granting their cronies cooncessions and waivers. So far this hasn't happened or maybe u have evidence of it then u can prove ur accusations. Secondly,u raised the issue of abruptness ,but some people on this very page accused fg and gej of postponing this tarrif issue 3 times already. This is a tarrif that hasn't even been implemented and the fg have been shifting the take off date to enable all interested parties and groups to be fully prepared when it eventually kick starts. Thirdly ,u should ask urself these questions, are there car assembly plants in nigeria now? Have they started operations?do they employ nigerians ?have many more indicated interest to come ? Will the increase in these tarrifs push buyers to opt for these locally assembled cars ?if yes then forget it anybody can say what they like ,this move is good and it will go on |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by nduchucks: 6:10pm On Jan 01, 2015 |
onatisi:You seem to be unfamiliar with the scope of the waiver fraud perpetrated by this government. Additionally you are unfamiliar with the fact that when the tariff was first announced and a timetable set, the whole affair was abrupt. No insult intended but this shows that you are not informed and are quite ignorant of the issues you wish to address. No sane person opposes the encouragement of manufacturers and incentivization of foreign corporations to bring their manufacturing outfits to Nigeria. As you rightly pointed out, the incentives given to them by the government is working and manufacturing plants are setting up shop and employing Nigerians. This is a very good thing. The point I am making is that, these manufacturers do not need additional help to increase their customer base, Nigeria, Africa, and the rest of the world is already available to them to market their cheaply produced vehicles. Why does the government need to put small businesses in Nigeria in hardship when it is absolutely unnecessary. These manufacturers can sell their products all over the world as I stated, the government does not need to introduce high tariffs on Nigerian small businesses in order to achieve their aim. Oga, feel free to maintain your view, but my points are very simple to understand and quite sensible. Happy New year to you, and I wish you will not have to support the children of your relatives who may be driven out of business because of this senseless policy. The good news is that Buhari will reverse this senseless policy while continuing to support the manufacturing industry. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by nduchucks: 6:23pm On Jan 01, 2015 |
byrron:The above shows the cluelessness of GEJ's administration and the incompetence of his operatives. They actually believe that multinational corporations are only looking at customers in Nigeria alone, as they move manufacturing here. This is quite shallow and one of the reasons why they will negotiate away all the benefits to Nigerians and continue to screw the common man and small businesses. Wise people know what I am talking about. |
| Re: FG Postpones 35% Levy On Used Cars Till April 30 by sammhi(m): 6:25pm On Jan 01, 2015 |
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it's not so my brothers, it will take any new government another 2 years to start getting their bearing. FACT!! But the present government already laid concrete foundation of positive policies in several sector: Agriculture, Transport ( Automobile) manufacturers , Aviation to mention But few. We should not deceive ourselves, the rot of 40 years can never be corrected in 16 years, it's easy to destroy than to build.