Senate seeks to ban used car importation into Nigeria.

Senate seeks to ban used car
importation into Nigeria .
.
The Senate Committee on Privatisation has
said it will propose a complete ban on the
importation of used cars. It, therefore, charged
local automakers to manufacture affordable
and energy-efficient cars for Nigerians so that
when the ban was in place, the impact would
not be felt. .
.
It added that the automakers and marketers
should have a flexible payment plan that
stretches for about 7 years to enable low-
income earners to buy. The Chairman of the
committee, Sen. Ben Murray-Bruce, disclosed
this while on an oversight visit to the
assembly plant of Volkswagen of Nigeria
Automobile Limited in Lagos on Monday. .
.
Murray-Bruce maintained that there should be
at least one million made-in-Nigeria cars
available on demand annually. He said, “We
want one million cars a year. Everybody who
has a job should have a brand-new car. I will
propose a ban on the importation of Tokunbo
cars; but first, every Nigerian should be able
to buy a brand new car in 10 seconds after we
put up the ban, not ban and wait for two
years.
.
.
The car manufacturers should make provision
for down payment of N250,000 and N30,000
monthly instalments. The vehicle should be
fully insured for 7 year. Another important
thing is that the cars being sold in Nigeria are
not energy efficient. You (VON) are a
distributor for Nissan and the firm has the
number one electric car in the world. The
electric car should be sold here.”
Source: punchng