The Chairman of Peugeot Automobile Nigeria (PAN) and former member of the House of Representatives, Hon. Ahmed Wadada Aliyu, yesterday forecasted that Nigeria will import used cars and motorcycles worth $7.7 billion (N3 trillion) in 2021.
He also described the recent tariff reduction on automobiles as a policy somersault from the recommendations of the Automobile Standing Committee set up by the federal government through the Bureau of Public Enterprises (BPE) to examine factors hindering the growth of the automotive sector.
Ahmed, during a media parley on, “The tariff regime for automobile assembly plant in the 2020 Finance Bill,” yesterday in Abuja, also accused the Comptroller-General of Customs, Col. Hameed Ali (rtd), of succumbing to the lobby of vehicle dealers with no matching investments in local vehicle assembly…
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