ethicallyright:
The over hyped car assembler, loan defaulter and tax fraud disguising as an automobile manufacturer needs to begin an overhaul in his moving coffins packaging company.

---

He may begin by employing a brain filled cone head individual and intelligent innovator like myself to champion electric cars production which is clearly the future.
He should also stop dashing Big Brother Naija's women of easy virtue vehicles they keep as furniture at home and instead drive the Mercedes their "fans " gift them and invest more in Corporate Social Responsibilities like sponsoring brilliant minds to Universities in Europe , China and North America to aid technology transfer that will help his firm grow.

---

Jokes aside, local automobile manufacturers should target individuals with low income who would most likely purchase vehicles for full time or part time transportation business to increase their income. In a country where people laugh at you for using a brand new current Infinix instead of a second hand iPhone 6 in 2020, it is funny to think that middle income or high income earners would buy a locally produced car for the price they can get a decent Toyota, Mercedes or Lexus.

Produce more fine tricycles , mini buses and partner with hire purchase companies to sell and distribute them to your target consumers who do not drive vehicles for clout. There is a huge potential here. Lagos State and every other State yet to ban commercial motorcycles completely have waiting consumers for such vehicles.

Simplyleo:
[s][/s]
As usual, we are always the target. 

They want to kill IVM.

Increase import duties: The govt is insensitive to the plight of the masses.

Decrease import duties: the govt want to kill IVM. 

Very funny pipu.

pacespot:


They say those vehicles whose tarrifs will be slashed are for haulage, how is that damaging to the country? Those buying fancy cars can still continue to patronise innoson and the likes. Nothing can be more damaging than the current economic situation we are in. And mind you, Nigerians are not Europeans that tarrifs will affect their business so much, they will also find a way to circumvent it.

Rugaria:

Is it not better for the government to focus it's energy on providing policies to make locally made cars cheaper through targeted investments in companies associated with the supply chain rather than throwing the damn borders open for all sorts of countries that have done so before to flood nigeria with second hand cars?

Greenback:
[s]

Nograv ....save your breath,its no use.... These peeps got a fixated mindset already.

ogododo:
Dem must return my 30% for Toyota corolla
Lalasticlala

Acjohn:
An evidence that Buhari government is confused. Policy instability is one of the things that drives away investors. It was supposed to be time for Igbo man like innoson but because hr is not a northerner, let the policy be changed to disfavor him. What happened to the automotive policy of Nigeria?

As I dey like this now, I don't know where we are headed economically, NNPC have changed from oil producer to oil importer. Resources in the north is for the people that in the south is for the government, Ipob are terrorist while Fulani herdsmen and BH are misunderstood people that government needs to negotiate with.

I won't be surprised if its a northerner that was given a contract and had to lobby for this to be lifted so that he can make good gains, after that government will reverse the policy again.

God help us from this circular motion.

ethicallyright:
The over hyped car assembler, loan defaulter and tax fraud disguising as an automobile manufacturer needs to begin an overhaul in his moving coffins packaging company.

---

He may begin by employing a brain filled cone head individual and intelligent innovator like myself to champion electric cars production which is clearly the future.
He should also stop dashing Big Brother Naija's women of easy virtue vehicles they keep as furniture at home and instead drive the Mercedes their "fans " gift them and invest more in Corporate Social Responsibilities like sponsoring brilliant minds to Universities in Europe , China and North America to aid technology transfer that will help his firm grow.

---

Jokes aside, local automobile manufacturers should target individuals with low income who would most likely purchase vehicles for full time or part time transportation business to increase their income. In a country where people laugh at you for using a brand new current Infinix instead of a second hand iPhone 6 in 2020, it is funny to think that middle income or high income earners would buy a locally produced car for the price they can get a decent Toyota, Mercedes or Lexus.

Produce more fine tricycles , mini buses and partner with hire purchase companies to sell and distribute them to your target consumers who do not drive vehicles for clout. There is a huge potential here. Lagos State and every other State yet to ban commercial motorcycles completely have waiting consumers for such vehicles.

Xyz001:
Your ignorance can't be ignored.

IVM is one of the car assemblers in the country. There is no car manufacturer in Nigeria.

Yes, the policy will affect all Automobile assembly plant in the country.

We have the Volkswagen plant in Lagos, Peugeot Automobile Nigeria, Nissan Motors, Honda Motors, Innoson Vehicle Manufacturing Company, Hyundai Motor Company, Ford Motor Company, GIC Motor Companies Ltd, JAC Motors and Kia Motors..... ..

Yet, IVM main customer is the Nigerian Government, what else do you guys want?

How many times have you seen IVM adverts both online and offline? How many times?


The country needs money, we are faced with recession, Nigeria is broke and all you could think of is tribalism.

You guys needs deliverance.

Nchenches:


I would rather Innoson Motors offshores to a less hostile country to improve its business, then repatriate the profits to build his Anambra state.

Let your Buhari continue to build his Niger republic with your own, and others’ taxes.

ivolt:
Foolish and regressive policy. Everyone knows that fuel price is responsible for high transportation costs and not import duties. If fuel price is slashed today, the effect will be immediate unlike the duty reduction whose effects is dubious.

OZOnNengiTheory:
This is why I hate them and I am terrible at hiding it.

Hypocrites! that's what they are. And by the grace of God, they will never come close to ruling this country.

ethicallyright:
The over hyped car assembler, loan defaulter and tax fraud disguising as an automobile manufacturer needs to begin an overhaul in his moving coffins packaging company.

---

.[/b]

grandlexuz:


I think you are over hyping the locally made car industry in Nigeria. A slash in custom duties will stop the influx of smuggled second hand cars across porous borders by promoting direct importation from which the government can earn custom duties albeit now on the low end.

The car manufacturing industry is capital intensive with the need for a viable market. What percentage of the Nigerian population can afford a brand new car priced in the thousands of dollars when the minimum wage is lower than the price of a tyre.

As much as I accept the should be incentives in place to promote local car productions it takes much more than the custom duty placed on second handed cars to woo buyers for Innoson and other local brands. Even at 85 % custom rate most Nigerians will rather import a used Mercedes to buying a brand new Innoson; even if expenses incured on the Mecedes were higher.

ethicallyright:


Your idea is Utopian. Which country is less hostile for automobile manufacturers? Benin Republic (Cotonou ) which is literally an automobile dumping ground or China where there are 100s of better manufacturers waiting to make a name? Mention the country you want him to go to please.

Rugaria:

It's not just for haulage, both cars..

Nchenches:


Your verse above upvoted most in this thread shows that Nigeria is an unfriendly environment for Innoson Motors to progress.

Allen Ford, Agnelli of Italy etc who pioneered automobile development would not have succeeded in their countries with people like you using the above verse on them at the beginning.


It’s only a most horrible person who would write the verse above.

Yenefer:
Sai Baba. Buhari havr to rebuild Nigeria all over again after years of PDP destruction.
Innoson motors? Who cares. We don't

ethicallyright:
The over hyped car assembler, loan defaulter and tax fraud disguising as an automobile manufacturer needs to begin an overhaul in his moving coffins packaging company.

---

He may begin by employing a brain filled cone head individual and intelligent innovator like myself to champion electric cars production which is clearly the future.
He should also stop dashing Big Brother Naija's women of easy virtue vehicles they keep as furniture at home and instead drive the Mercedes their "fans " gift them and invest more in Corporate Social Responsibilities like sponsoring brilliant minds to Universities in Europe , China and North America to aid technology transfer that will help his firm grow.

---

Jokes aside, local automobile manufacturers should target individuals with low income who would most likely purchase vehicles for full time or part time transportation business to increase their income. In a country where people laugh at you for using a brand new current Infinix instead of a second hand iPhone 6 in 2020, it is funny to think that middle income or high income earners would buy a locally produced car for the price they can get a decent Toyota, Mercedes or Lexus.

Produce more fine tricycles , mini buses and partner with hire purchase companies to sell and distribute them to your target consumers who do not drive vehicles for clout. There is a huge potential here. Lagos State and every other State yet to ban commercial motorcycles completely have waiting consumers for such vehicles.

Nchenches:



The car assembly companies above are foreign origin, except Innoson. Let’s take your word that Innoson is an assembly plant.

Rugaria:

You are noisy..

grandlexuz:


I think you are over hyping the locally made car industry in Nigeria. A slash in custom duties will stop the influx of smuggled second hand cars across porous borders by promoting direct importation from which the government can earn custom duties albeit now on the low end.

The car manufacturing industry is capital intensive with the need for a viable market. What percentage of the Nigerian population can afford a brand new car priced in the thousands of dollars when the minimum wage is lower than the price of a tyre.

As much as I accept the should be incentives in place to promote local car productions it takes much more than the custom duty placed on second handed cars to woo buyers for Innoson and other local brands. Even at 85 % custom rate most Nigerians will rather import a used Mercedes to buying a brand new Innoson; even if expenses incured on the Mecedes were higher.

Despite the technological might of China from where Innoson gets parts to assemble only two local brands featured in the top ten automobile sales. The top spot for 2019 was Volkswagen Lavida

Rugaria:


I totally agree with you. But in terms of biulding a country, biulding her economy, her technological know-how, her industries, especially now that a sizeable number of companies are already mastering this technology, it's obvious that this policy is not positively sustainable. Where do we go from here? How do we ensure that folks drive quality cars while enhancing local abilities in the automobile industry? Have a bank that can calibrate a people friendly product which can be accessed by say, tax paying citizens? More massive investments in this area to reduce quantity of imported raw materials thereby making the final products fabricated locally to be cheaper? Dedicated funds by the government to subsidize such purchases, depending on the ability of the beneficiaries to pay up in installments? Or do we just go on with imports since they're readily available and relatively cheaper?

ivolt:
Foolish and regressive policy. Everyone knows that fuel price is responsible for high transportation costs and not import duties. If fuel price is slashed today, the effect will be immediate unlike the duty reduction whose effects is dubious.

eeetuk:
"Thecable: “[b]The federal government has concluded plans to slash the levy to be paid on imported cars from 35 percent to five percent”

Terrible policy if this plan goes forward for many reasons. First, anytime you import products overseas, it kills local jobs and creates jobs opportunities for countries in abroad. That is why Nigeria unemployment rates have skyrocketed. Young people are graduating from schools yearly and cannot find work---explains why import is a bad policy

Second, imported cars pollute air and poison underground water. It also kills wildlife.
Third, car importation kills local ideas and invention. For example, Nigeria is now 60 years and nothing is made locally. The reason Nigeria does not manufacture anything locally is it relies too much on import. This is not good for a struggling economy like Nigeria.

Meanwhile, those who advocate for import have claimed it generates revenues. Increase revenue is a temporary benefit.

So, stop the plan to reduce or cut levy on cars importation because it amounts to shipping jobs overseas. When import license is high, it helps people to invest at home---and that is jobs.

PastorGbewiri:


What China has done is that if you want to sell cars in their market you must partner with one of their local auto makers, produce within their country and share all the latest technology in the vehicles produced with the local company. Then they take your patents and reverse-engineer it to produce their own local brands. They've gone so far as buying controlling stakes in frontline international brands just to have access to their technology e.g when Chery bought into Volvo.

Nigeria would just stupidly ban the import and expect locals to use witchcraft to grow the industry, we need to start thinking properly else this nation will never grow