Auto dealers seek review of 70% duty on imported vehicles

bonded vehicle terminals.

The Federal Government has been urged to review the automotive policy, which imposes 70 per cent levy on imported vehicles, pending the mass production of made-in-Nigeria vehicles.

The Chairman, Auto-dealer Association in Owode Area of Ogun State, Samuel Johnson said the levy introduced by the regime of former President Goodluck Jonathan to support the local industry was yet to yield the expected results before the Federal Government ban the importation of vehicles through the land orders.

Nigerians, Johnson said, were paying 20 per cent duty on imported vehicles before the last administration suddenly introduce 35 per cent duty on imported vehicles.

He urged the government to slash the rate on new vehicles by 35 per cent to make the seaport a hub in the subregion.

High port charges and poor access road to the Lagos ports, Johnson said, contributed immensely to the diversion of cargoes to neighbouring countries’ ports, thus, leading to loss in government’s revenue.

“It is not enough for the government to ban the importation of vehicles through the land borders. The Federal Government needs to review the auto policy, fix the Apapa road and make the port attractive for business. The maritime sector is confronted with many problems that need to be addressed to boost trade and generate employment,” he said.

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