I'm curious but is this the change APC is talking about? If so, well, isn't this counter productive instead of productive. The nation unemployment rate is massive, rather than figure out ways to increase industries in Nigeria thus an increase in employment, the change group is suggesting opposite. Really? Are they even thinking straight or are they suggesting things they think sounds right?

[quote author=fkaz post=30635925][/quote]

I will encourage my Pastor to read more on Economics and how to protect local industry.Slashing the tarrif will not stop smuggling from Seme and all the porous borders in Sokoto,Kwara and co.Unless we become a producing/assembling country,unemployment will not abate.

OneNaira6:
I'm curious but is this the change APC is talking about? If so, well, isn't this counter productive instead of productive. The nation unemployment rate is massive, rather than figure out ways to increase industries in Nigeria thus an increase in employment, the change group is suggesting opposite. Really? Are they even thinking straight or are they suggesting things they think sounds right?

You mind them,they think giving 5k will solve resistivity and agitation of youth,Nigeria and Egypt will be competing for violence if people opens eyes allow APC to drag us backward

fkaz:
Nigeria need focus and Intelligent leaders, not the crop of leader that are ruling now

with Gej automotive policy, Nigeria is at the verge of producing car as IVM, PAN, NISSAN, FORD have begun assembling and some building there assenmbling car plants. This when fully pulled through will see Nigeria a hub of vehicle manufacturing in Africa with its job creation and transfer of technology to mention a few. Then another person tells you he will revert this progress that is diversifying our economy and you call him a focused leader?
i feel terrible at the way people reason and make choices thesedays.
osinbajo's claim is a minus to their campaign but unfoutunately people of your crop extol and exalt this unintelligent decision.

its terrible how we reason thesedays....

Immune1:

Passenger vehicles production is part of the plan but based on the investors preference so far and with the realities on ground; commercial vehicles production seems to be the most sustainable for now. Government has been buying time to study the investors that are willing to invest before they know the tariffs that will be raised. Based on the willing investors willing to build facilities i wont be surprised if government only raises tariffs for commercial vehicles.
Remember the tariffs are yet to be raised; but the waivers for CKD/SKD/DKD components importation is well in place to open up the industry.

I want to believe the tariff for brand new passenger vehicle is already up.

This a very good indication that the auto policy that is just taking off will be killed by APC.

Just like Buhari killed the rail project in Lagos, they will kill all the good economic policies that are on ground.

Vote wisely! Nigeria is undergoing visible change.
Say no to fraudulent change.

GEJ 2019

barcanista:

Bros, Nigerians buy Tokunbo because "na there their power reach" for now. If a Newly made locally made car of same specs with camry 2.2, and cost about N300,000-N500,000, Nigerians will prefer it to a Tokunbo Camry 2.2 that costs almost/over a million. The buying decision of consumers is always driven by many factors which the automobile policy has taken care of.Before now the volume of imported vehicles exceed 60,000 units annually, and do they still sustain? Do you know the Engineers, accountants, coorporate Advisors, lawyers and many other professionals will will be employed if production is made here? Even the quoted units of import isnot enough Nigerians will buy more when its more affordable which the policy will take care of, because jobs and more money will reach many households.

Are you saying we don't buy our cars for now but wait till the time government is able to bring down the cost of owning a car? The pocket plays a part in the buying decision of consumers. Increasing tariff on tokunbo cars will not make me buy a brand new that is twice the price. The auto policy is a very good idea (on paper) but i don't see how the goals will be achieved if the market is not taken into consideration. At current price, the policy (fully implemented) will bring pain to Nigerians instead of jobs.

enigmang:

So are you saying people will not unscrupulously smuggle in rice and tomatoe when there is a total BAN :: even though i dont know how the land and air thing relate ... i can prefer land journey because i am Aviophobic

Osinbajo stressed that you can only effects the ban when the local production is encouraged and the production of locally made vehicles are fully on ground.

Agriculture is what we are known for as Africa, production of tomatoes and rice is not a problem if the efficient supports and policies are given to the farmers.

I wonder how you failed to see this in his statements.

nke001:



As the restrictions come into effect?

That is the reason you dont see much of such vehicles in your viscinity.

As for affordability, have you not heard about the ongoing partnership agreement b/w fg, manufacturers and financial institutions?

which FG and financial institution and manufacturers if I hear .

continue to deceive yourself. Was it not the same FG that ran our foreign reserve aground?
you go old and get grey hair

Ephemmm:


Slashing tarrif on imported cars will increase smuggling: are U sure your sense has not joined ASUU strike? It is like saying reduction in the price of air flight will encourage land travelling.

People resulted to smuggling as a result of inability to meet up with high tarrif: get that drilled into your skull please.

With srew driver abi drilling machine?

Zikkyy:


Are you saying we don't buy our cars for now but wait till the time government is able to bring down the cost of owning a car? The pocket plays a part in the buying decision of consumers. Increasing tariff on tokunbo cars will not make me buy a brand new that is twice the price. The auto policy is a very good idea (on paper) but i don't see how the goals will be achieved if the market is not taken into consideration. At current price, the policy (fully implemented) will bring pain to Nigerians instead of jobs.

Bro, I agree that the policy may inflict temporal pain on the economy, but it is a good one on the long and mid term. The govenment only need to follow up this plan holistically and provision of infrastructure. This will shoot down production costs and it will affect the eventual price. Bro, this policy is good

Ephemmm:


Osinbajo stressed that you can only effects the ban when the local production is encouraged and the production of locally made vehicles are fully on ground.

Agriculture is what we are known for as Africa, production of tomatoes and rice is not a problem if the efficient supports and policies are given to the farmers.

I wonder how you failed to see this in his statements.

SO in essence he is agreeing that the present governments Agricultural revolution/policy is working and is fully on ground seeing they are ready to BAN rice and tomatoes outrightly or are they just speaking from both sides of their mouth??

atlwireles:
So you're telling investors building assembly plants to back off . Because you intend to reduce tariff, that have not gone up yet?


What is this decentralising power generation? Is power production currently centralised?

ur head needs serious examination,unfortunately with d depth of ur ignorance,finding an examiner will b a colossal task

even kids in creche knows Nepa (phcn) is centalized.

Gbawe:


I think you, like many here, view issues too parochially. You do not achieve "economic progress" with one consideration alone. Helping citizens to be empowered and productive also has massive positive implication for "economic progress". An empowered citizen is a productive citizen. Whatever a nation can do to empower its citizens must be done because the wealth of any nation are its people. Getting as many Nigerians as possible owing cars, via ensuring an affordable overall mix catering for all levels of new and used cars , is economically productive. Just look at developed nation where virtually everyone can afford a car. Personal productivity is very high and it is the nation that benefits economically from developing/empowering its human capital.

http://en.wikipedia.org/wiki/Human_capital



For example, the productivity and economic value of an average Briton to his nation, despite enjoying far greater per capita income, will be far higher than that of a Nigerian because he can buy a well-maintained relatively low-mileage year 2005 Nissan Primera at around £850 (after negotiating from the asking price of £990 below) whereas the same car may cost upwards of £2,000.00 in Nigeria with most Nigerians not being able to afford such. The difference is that proactive policies and provisions ensure majority of Britons can afford to buy a decent car. Simplistically this is what Nigeria must try and achieve to promote real and transformational "economic progress" centred around empowering ordinary Nigerians. Nigerians should be assisted to be as productive as they can and Nigeria should continue promoting economic policies that produces higher level of per capita income which sees most of their citizens able to afford most things they need. You cannot seriously believe "economic progress" is singularly and inextricably linked to producing new cars which 80% of a population cannot afford. I just think we are yet to understand in Africa that it is human capital we must empower and invest in.

http://www.autotrader.co.uk/classified/advert/201502100838069/sort/default/maximum-age/up_to_10_years_old/make/nissan/radius/1500/page/1/model/primera/postcode/sw153de/onesearchad/used%2Cnearlynew%2Cnew/usedcars?logcode=p

[img]http://pictures2.autotrader.co.uk/imgser-uk/servlet/media?id=8d951f78c6554e12ecab51f745404a62&width=350&height=262[/img]

Look at the price of the car above being sold in the UK i.e £990.00. Consider that the per capita income of the UK is $34,694.00. The same car will cost at least double what it sells for in the UK in Nigeria where per capita income is $5,440.00. It is a a grave, unfortunate and immediate 'affordability' reality like this responsible leaders must address before chasing unrealistic 'pie in the sky' development models.

http://hdr.undp.org/en/content/gdp-per-capita-2011-ppp

The path to economic productivity, growth and development doesn’t come easy, especially in a world filled with stiff competition and uncertainty.

There are certain key decisions that a national government must take towards ensuring that a country stays competitive in the global economy. One of these is restricting the consumption of foreign products by its citizens.

This promotes productivity and stimulates job creation and economic growth. After economic growth is achieved and the welfare of citizens improved, the government may grant its citizens the luxury of consuming products produced in other countries.

This is how it is done in all economies that achieved growth and prosperity.

Nigerians always cite the telecoms revolution as a good reason for privatization and laissez-faire. Imagine that Obasanjo refused to grant licenses to foreign telecom operators due to the reasons nairalanders are using to object the automotive policy, we would not have had any telecoms and ict revolution.

Before MTN and other Telcos sold their towers to Helios, they were spending billions of naira to power their service masts every year. That didn’t deter them from operating in the country still. They were still in operating profitably and creating value for the economy.

My point is that there’s no such thing as a wrong time for the implementation of policies that would encourage productivity, job creation and economic competitiveness. If we are waiting for the right time, we would never get there. The unnecessary procrastination leads to economic losses which are grave. The time is now!

We are a country of 170 million with a high population growth rate; we cannot sustain or continue being persistent consumers of foreign goods.

Any government that does not understand this is not worth our time and should be voted out or not voted in.

asamaigho:



ur head needs serious examination,unfortunately with d depth of ur ignorance,finding an examiner will b a colossal task

even kids in creche knows Nepa (phcn) is centalized.

Are you not tired of being an impostor troll?

talktimi:
power HAS been decentralized already for some yrs now during the tenure of this administration that's why there's no more PHCN. School me if I'm wrong


Modified* pls explain what you mean by the "national grid issue" in relation to what the amiable prof (whom Musiwa describes as an illiterate) and atlwireless.

Thank

LICENCES AND TARRIFFS.
Section 62 of the Electric Power Reform Law
expressly forbids any person who is not issued with
a licence to engage in the business of:-
(a) Electricity generation, excluding electricity
generated by generators for private use and not for
public sale;
(b) Electricity transmission;
(c) System operation;
(d) Electricity distribution;
(e) Trading in electricity.
Exceptions to the above rule requiring licence to
operate are: -
(i) Persons who construct, own or operate a system
for generating electricity with a capacity not
exceeding 100 kilowatts (kW) in aggregate.
(ii) Secondly the Electric Power Commission is
allowed, where necessary and in the public interest,
to grant an interim licence to any person, interested
in the various aspects of power electricity
enumerated above.

atlwireles:


No regulation is stopping you or states in Nigeria, from building their own plant. The big issue in Nigeria is the price of power.

wen u build,u must channel to d national grid.
go and read power reform act 2005.

LICENCES AND TARRIFFS.
Section 62 of the Electric Power Reform Law
expressly FORBIDS any person who is not issued with
a licence to engage in the business of:-
(a) Electricity generation, excluding electricity
generated by generators for private use and not for
public sale;
(b) Electricity transmission;
(c) System operation;
(d) Electricity distribution;
(e) Trading in electricity.
EXCEPTION to the above rule requiring licence to
operate are: -
(i) Persons who construct, own or operate a system
for generating electricity with a capacity not
exceeding 100 kilowatts (kW) in aggregate.
(ii) Secondly the Electric Power Commission is
allowed, where necessary and in the public interest,
to grant an INTERIM licence to any person, interested
in the various aspects of power electricity
enumerated above.

The problem with most Nigerian politicians is that they find it hard to accept a good policy by their opponent even if the policy is good. I do not see what APC is trying to achieve by reducing the tariff on imported cars when automobiles companies are already partnering with some Nigerian companies into car production. I wonder the kind of message they are sending to those companies.

I cannot see any government that will prioritize car ownership over job creation. The high tariff will not stop importation of cars into the country, the rich will always drive the luxury cars. When Malaysia started Proton (their national car) in 1983, it was merely assembling Mitsubishi cars, to make the company grow, Malaysia imposed as high as 300% import duty and taxes on foreign cars (Even at that, to import foreign car, you will require a special licence) still that didn't stop foreign car importation but it helped Proton grow and today, the car is going places.

If we don't do this now, I wonder when the time will be right. Some policies can bring short term pain for a much better long term benefit. If you lower tariff for foreign cars, most middle class people will prefer tokumbo Mercedes over a new Innoson car while the rich will always buy brand new Mercedes, who then will buy made in Nigeria cars knowing fully well that these companies have developed core competencies over the years, as such will always have lower production cost than Innoson.

The issue should be, how to we stop smugglers and how to develop a good auto financing scheme in form of loans to new car owners. We mustn't be dumping ground for foreign used cars.

One tin I luv abt APC is dat dey tel us wat dey will do once in power rather than PDP which kip on telling us hw bad pple are.

Ephemmm:


[s]Re read your statement to see where you got it wrong:What a deluded mind?[/s]

I don't know what is messing up your brain to read where you see me talk about tariff slashing...

Please stop quoting me if you can't read!!!!!

How can a professor be sounding illiterate ?

Instead of talking about agriculture, palm oil, ground nut, cashew, banana, and manufacturing of goods that can earn us foreign exchange, this waka pass boy who knows nothing about business is talking about importing substandard vehicles to dump on our economy..

When Nigeria is suffering from balance of payments deficit.. Chai, is that the professor they want to impose on us coupled with his Oga without WAEC ?

free2ryhme:




How is 1.5 and 2m affordable ??

A neat toks can go for 800k and 600K which is affordable after clearing?

How many proudly Nigerian cars have you seen and give evidence of average Nigerians who bought the said hype cars .

Odua stole to buy bullet proof vehicles and she was in Jonathan administration as Minister for Aviation.

Have u seen the cars Okonjo and the likes use. They are not made in Nigeria yet your clueless president it telling us to buy what he and his family members cant use

even demons are laughing at you in HD

^^^Bia.....leave Odua out of your diatribe! Was it you that convicted her of stealing!?

If you have nothing reasonable to say then log-off!

barcanista:
Bro, I agree that the policy may inflict temporal pain on the economy, but it is a good one on the long and mid term. The govenment only need to follow up this plan holistically and provision of infrastructure. This will shoot down production costs and it will affect the eventual price. Bro, this policy is good

barcanister i must say you are being more logical and coherent. Obviously you now see things from point of conviction and facts rather than emotion and sentiment.
that is true change
that is fresh air.
i hope u do same with ur PVC come March 28

enigmang:


SO in essence he is agreeing that the present governments Agricultural revolution/policy is working and is fully on ground seeing they are ready to BAN rice and tomatoes outrightly or are they just speaking from both sides of their mouth??

You mean we are not importing rice at present under this administration?

ilugunboy:


I don't know what is messing up your brain to read where you see me talk about tariff slashing...

Please stop quoting me if you can't read!!!!!

It is either you are foolish enough to the extent that your brain lacks deep mental horizons or you are affected by lack of simple logic.

Your brain needs to be scanned and re-laminated. Honezly!

In my opinion slashing the tariff on imported cars will be a step backwards. Providing an enabling environment for the new auto manufacturing coys to thrive and boost output on the other hand will have a long term positive effect on the economy and job creation.

Pebcak:




Currently power generation is decentralized because every home or say 95% have a power generating set lets say thats on a microscopic view, lets up that up to a bigger scale at the level of local govt or even state level we dont need all the power coming from kanji or shiroro that can be put on grid for backup when a power plant is down for tech issues or maintenance
This plan can fix power issue and also generate employment imagine decentralized power plant across the country that provide jobs for 1000s if not 100000s and imagine how many family that will change
Imagine our refinery is up to do with thats job and thats changing a lot of a families, imagine they will be employing cleaners,drivers,gate men,security personnel, clerks, professionals, engineers etc
It is not difficult but when government careless about the citizen what do u expect

# change

bros work dey naija, all u need do is get d necessary connections, n also go settle with the village people incase una don owe dem somethings. even if buhari enter, thr will still be recruitment, interview n probably shortlisted candidates n ones u dont hv someone inthere protecting ur interest, u will still be complaining abt govt. abi once buhari enters, na him go de supervise all recruitment process even in banks n mdas?

Ephemmm:



[s]It is either you are foolish enough to the extent that your brain lacks deep mental horizons or you are affected by lack of simple logic.

Your brain needs to be scanned and re-laminated. Honezly[/s]!

I've indulged you with enough attention ...you can keep insulting ...I don't have the energy...

He said under APC government, it would be criminal not to pay pensions, saying the law that would be put in place would compel employers to ensure pensioners got their entitlements as soon as they retire.

our politicians have completely lost touch with reality, the PFA, and not the government or employer pays pension at retirement. the employer only remits her own share of the contributory pension over the years.

IGBOSON1:


^^^Bia.....leave Odua out of your diatribe! Was it you that convicted her of stealing!?

If you have nothing reasonable to say then log-off!

so the truth hurts

PDP den of thieves

Obiagelli:


What gains if i may ask? Nigeria is a huge market and infrastructure (power) is the biggest incentive to kick start any sector not increased tarrifs.

We have outrightly banned frozen chicken but it hasn't helped our local production as 80% of what you find in the market today is smuggled in.

n gullible nigerians will believe this. chai lies just to win election.

Obiagelli:


What gains if i may ask? Nigeria is a huge market and infrastructure (power) is the biggest incentive to kick start any sector not increased tarrifs.

We have outrightly banned frozen chicken but it hasn't helped our local production as 80% of what you find in the market today is smuggled in.

n gullible nigerians will believe this. chai lies just to win election.
so u mean all these live chickens I dey buy for market na smuggled chickens?