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Nairaland Forum / Nairaland / General / Car Talk / PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles (15815 Views)
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Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Starke(m): 4:02pm On Jan 13, 2021 |
Hmm |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Mac2016(m): 4:02pm On Jan 13, 2021 |
And yet they are not manufacturing any car |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Originalsly: 4:04pm On Jan 13, 2021 |
It is clear..... we are not about self sufficiency..... we are about dependency. PAN is 100% correct. |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Jokkarm2: 4:08pm On Jan 13, 2021 |
PAN or whatever should go and sit down, how many of their products are on Nigeria roads? if they think they are doing well, let them flood Nigeria with their cars to be affordable from 500k below, then we can listen to their stories. |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by chyket(m): 4:11pm On Jan 13, 2021 |
Nigeria being a signatory to new AFCFTA treaty which came into effect in January 2021 has to harmonise their import duty policies to match what is existing in other 54 member African Countries . I strongly feel that this is what informed the recent border opening and tariff adjustments. 1 Like |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Focusmind: 4:15pm On Jan 13, 2021 |
I was surprised when I saw the reduction in rate. What was the government thinking? Anyway, this country is designed to be import dependent. That is why unemployment is high. This has created poor middle class that can no longer afford newly assembled cars in Nigeria. South African middle class are still buying made in South Africa new cars, with funding provided by banks and insurance companies. |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by ezekins: 4:15pm On Jan 13, 2021 |
The review is long over due. PAN or what it's called over the years failed to implement people friendly car assemblage policy in Nigeria. How affordable is PAN cars? Pan is selfish. What is the aggregate population of people who are buying pan cars? The approved review will favour the common man. Price of tokunbo cars will drastically drop. 2 Likes |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by cbngov01(m): 4:24pm On Jan 13, 2021 |
post=98020521: Who is PAN? Aside INNOSON can u mention one local car production company? Abeg, let them allow us import cars at an affordable rate biko. PAN ko, pain ni 5 Likes |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by otokx(m): 4:28pm On Jan 13, 2021 |
How many civil servants can afford PAN? Do they have any pay small small scheme? |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by sammirano: 4:41pm On Jan 13, 2021 |
Queenlovely:with which education. Clieless lots |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Charly68: 4:53pm On Jan 13, 2021 |
How many Nigerians can afford new cars..I don't think the new policy will have any negative effect on automobile manufacturers in the country. |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Yankee101: 4:56pm On Jan 13, 2021 |
Why, so you can be selling us expensive cars? |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by nedekid: 4:59pm On Jan 13, 2021 |
Focusmind:The reduction of tariff on used cars is not enough, they should be removed totally. This is because Nigerians have been so impoverished they cannot buy the new cars. Even with financing as done in S Africa, Europe etc. How much will you pay monthly to offset car loan on a brand new eg camry or peogeot worth eg 20m? Even if you spread it over 5 years folks cannot make the monthly payment. Inflation nko? The best bet for local manufacturers is for government to partonise only locally assembled vehicles for their parastatals while we (citizens) buy toks duty free. Will you buy a peugeot 508 for 19m when you can buy a 2012 Avalon for 4m(and have change to build a house). That will even have more resale value than the peogeot in 2 years? We are poor in Nigeria but pay more to own a car than folks in other countries. I saw a car on copart listed for $500. The breakdown listed on the site to land naija after payment of all the charges, fees, duty etc was estimated (on the site) as ₦1.9m! 5 Likes |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Reference(m): 5:02pm On Jan 13, 2021 |
Totally support PAN on this. You simply cannot make local industries the scapegoat for failed economic policies that has led to run away inflation. If price rises threaten the transportation sector will cheaper aitomobiles solve that? No. Capital costs of durable goods rarely impact on bottom lines. It is the cost of running businesses that is inimical to every sector in Nigeria, transportation inclusive. That is what government should be looking at. Kill industry and you kill off the economy. We cannot continue in this rent seeking mode forever where government policy is always expediency, and to the highest bidder. 1 Like |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Reference(m): 5:14pm On Jan 13, 2021 |
otokx: That is what government is for, to bridge the gap between manufacturer and consumer by institutions, legislation and structures. No where in the world are durable goods or hard goods or capital goods (whichever catches your fancy) sold on the fly or over the counter. This is why we say government should not be a player in business but an umpire so that it has sufficient resources to create enabling environments for business to be made possible. Bring industrialists, financial institutions and consumers together and let them fashion out a workable solution to the challenge of consumerism and watch the economy take off. |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Yansham: 5:16pm On Jan 13, 2021 |
They keep making laws to favour themselves. They reduce import levy on cars from 30% to 5%. While they left import duty on cars without any reduction. Import levy is for brand new cars while import duty applies to used cars. The question now is who buy brand new cars and who buy used cars. 4 Likes |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by tango01: 5:36pm On Jan 13, 2021 |
The govt does not support local companies in the growth of their goods e.g innoson |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by vickrino(m): 6:11pm On Jan 13, 2021 |
What's our business with the reduction? How many Nigerians can actually afford to buy brand new cars? Selfish people, this bill is still for them, afterall, during the lockdown last year they were still buying brand new Vehicles for themselves. Abeg o, they should allow us to hear word. |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Zenithpeak(m): 6:43pm On Jan 13, 2021 |
Confirmedzombie: English has been confined to isolation centre...... He will soon die of covid-19 complications. |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Nobody: 6:57pm On Jan 13, 2021 |
blinking001: This is short term thinking. If IBB had encouraged local manufacturing of vehicles and overcome the temptation of cheap, low quality imports, we would have had Benz, VW, Peugeot, Steyr, Leyland, etc, making cars and commercial vehicles locally. PLUS, we would have been making textiles, ceramics, cookware, and a whole range of products that we get from containers at very low quality, with no residual skill pool, subsidiary industries and auxiliary services (we handed the economy to China) - and you wonder why even banks are sacking staff. |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by adesoro80595: 7:00pm On Jan 13, 2021 |
It is clear..... we are not about self sufficiency..... we are about dependency. PAN is 100% correct. |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by sapele914(m): 7:02pm On Jan 13, 2021 |
aleeyus:or you mean the policy will destroy him? It will be harder for him to compete with cheaper imported vehicles. 1 Like 1 Share |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by zoedew: 7:04pm On Jan 13, 2021 |
PAN is better off seeking an assurance of government patronage. Besides government many Nigerians cannot afford a new car. PAN is selfish. Nigeria loses so much to Benin Republic on tariff issue |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by sapele914(m): 7:17pm On Jan 13, 2021 |
zoedew:So they lower the tariffs instead of fixing the porous borders which would be killing two birds with one stone, that would also stop illegal immigration & smuggling of arms which enhances the activities of criminal organizations like Ipob, Fulani Herdsmen, & Boko Haram?. Mumu People, Mumu Nation. |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by sapele914(m): 7:22pm On Jan 13, 2021 |
Confirmedzombie:We need not say more, your name is an affirmation of your person, we leave you in peace. |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by zoedew: 8:01pm On Jan 13, 2021 |
sapele914:Besides endemic corruption enhanced by the lack of a National resolve to be one Country the resources to fix the extensive porous borders are not there. In all the circumstances this is the best way to go worst case scenario. |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by crafteck(m): 11:53pm On Jan 13, 2021 |
post=98020521: Unku, toks cars are still bought even as the tariffs are higher cos of quality and d fact that local car manufacturers are greedy, if they drop price we would consider them, same issue with rice, imported gets banned, local con double in price |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Lightorder: 8:08am On Jan 14, 2021 |
AnonPoet:NAMA sounds like cow to me. I am not hating |
Re: PAN Nigeria Demand Reversal Of Tariff Review On Imported Vehicles by Lightorder: 8:11am On Jan 14, 2021 |
inoki247:wondering loudly |
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