Business Nigeria spends N1.05 trn on importation of vehicles in 2012- Official - Business Day

[curator]

Nigeria’s National Automotive Council (NAC) said on Tuesday that the country had spent about N1.05 trillion on the importation of vehicles and spare parts in 2012.

The Director-General of the Council, Aminu Jalal, said this on Tuesday in Kaduna when he led the newly inaugurated board members of the organisation on a facility visit to the Peugeot Automobile of Nigeria (PAN), the News Agency of Nigeria (NAN) reports.

Jalal said that the development had resulted in low patronage for local car assembly plants, causing monumental losses to the country in terms of income.

“I want to tell you that last year alone, this country spent N550 billion in the importation of cars, buses and trucks. But that does not include Tractors, and military vehicles.

“Again, we also spent about N500 billion on vehicle spare parts. In fact, on tyres alone, we spent N150 billion. And this year, the same trend is showing. This is not good for our country.”

The director general, however, expressed confidence that the new automotive policy recently approved by the Federal Executive Council would reverse the trend.

Source: BusinessDay Newspaper

Continue Reading:
http://businessdayonline.com/2013/1...-on-importation-of-vehicles-in-2012-official/

 

[curator]

You really couldn't make this stories up if you tried I wonder how many of these were bullet proof BMWs
@Vunderkind @Jules @Lequte @Bolanle Akanji @leo @zacman @The_HeadCase @phealip @The_Astutian
@Imanuel Jannah

 

[Bolanle Akanji]

Now, they r going to ban second-hand cars from being brought into the country. This really hurts.

 

[Vunderkind]

I won't even lie. I forgot for a minute that we still assemble cars in Nigeria

 

[leo]

Nigeria’s National Automotive Council (NAC) said on Tuesday that the country had spent about N1.05 trillion on the importation of vehicles and spare parts in 2012.

The Director-General of the Council, Aminu Jalal, said this on Tuesday in Kaduna when he led the newly inaugurated board members of the organisation on a facility visit to the Peugeot Automobile of Nigeria (PAN), the News Agency of Nigeria (NAN) reports.

Jalal said that the development had resulted in low patronage for local car assembly plants, causing monumental losses to the country in terms of income.

“I want to tell you that last year alone, this country spent N550 billion in the importation of cars, buses and trucks. But that does not include Tractors, and military vehicles.

“Again, we also spent about N500 billion on vehicle spare parts. In fact, on tyres alone, we spent N150 billion. And this year, the same trend is showing. This is not good for our country.”

The director general, however, expressed confidence that the new automotive policy recently approved by the Federal Executive Council would reverse the trend.

Source: BusinessDay Newspaper

Continue Reading:
http://businessdayonline.com/2013/1...-on-importation-of-vehicles-in-2012-official/

View attachment 1854

OMG, Nigeria really pumps into other countries. Thank God we will soon start producing standard cars in our country
@curator armoured cars definitely included