The Federal Government of Nigeria says it will not totally ban the importation of fairly used vehicles, popularly known as tokunbo.
It said the proposed ban will only take full effect when a robust finance scheme is launched to enable citizens to buy brand new ones.
The Director General, National Automotive Design and Development Council (NADDC), Jelani Aliyu, made this disclosure at a stakeholders’ forum yesterday in Lagos.
Aliyu, while expressing government’s commitment to implementing the national automotive policy, said the FG would introduce a vehicle finance scheme before the end of the year.
According to Aliyu, “the NADDC would work closely with the other stakeholders to address the sector’s challenges and promote initiatives that would enable it to produce affordable vehicles that would ease the country’s mass transport challenges”.
He also hailed the passage of the National Automotive Industry Development Plan (NAIDP) Bill by the House of Representatives and the move to do the same by the Senate.
You may be interested
Disappointed Robber Demands Refund Of Bribe He Paid To PolicePH - March 18, 2018
A suspected robber shocked so many in the court in Machakos County of Kenya after he requested that the Police…
JAMB Urges Candidates To Quietly Anticipate Results As Exams EndPH - March 17, 2018
The Joint Admissions and Matriculation Board ( JAMB ) has urged its 2018 Unified Tertiary Matriculation Examination (UTME) candidates to…
Nigerians Don’t See Igbo Armed Robbers, Yoruba 419ers But Call Fulanis Killers – APC ChieftainMT - March 17, 2018
A former Minister of Information, Prince Tony Momoh, has wondered why Nigerians don’t address the Igbos as armed robbers, Yorubas…