NewsExpress advert FCMB banner
You may be driving your last tokunbo car •Govt unfolds ban plan

By News Express on 03/10/2013

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 4,051

If you are one of the hundreds of thousands of Nigerians driving tokunbo or imported fairly used cars, it’s time to steel yourself for the possibility that you may be driving your last car. Reason: The Nigerian Government plans to ban the importation of fairly used cars and this is clearly enshrined in the Automotive Industrial Policy Development Plan adopted yesterday by the Federal Executive Council (FEC).

This was announced by Minister of Information Labaran Maku, Federal Capital Territory (FCT) Minister Bala Mohammed and Trade and Investments Minister Olusegun Aganga, while briefing State House correspondents at the end of FEC meeting presided over by President Goodluck Jonathan.

Maku said: “The most important discussion, which took most of the council’s time was the presentation to council of a broad policy plan to develop Nigeria automotive industry.

“This plan, which is part of the ministry’s industrial revolution plan that has earlier been approved, is aimed at ensuring increase flow of investments for the development of the automotive in Nigeria.”

He said the government has identified and designated automotive clusters in Lagos/Ogun, Kaduna/Kano, and Anambra/Enugu states as the locations for the manufacturing of the new vehicle to enable them to share resources and reduce cost of investments.

The policy, according to Maku, is also expected to revive, expand and develop the petrochemical and metal/steel sectors, and facilitate the return of tyre manufacturing industry to profitability to support the sector.

On his part, Aganga, whose ministry presented the memo to the FEC, said: “A transformed automotive industry will realise its potential as a major driver of economic growth and diversification, job creation, local value addition, and technology acquisition.”

Aganga disclosed that “Council also approved that the government should direct that all vehicle purchased by the government should be from the local assembly plants unless it is specialised and National Automotive Council (NAC) has certified that it is not produced in Nigeria.

“The Council approved that the approved recommendation should be backed by appropriate legislation to give comfort to investors that there will be no abrupt change in policy.”

He said that apart from creating over 700,000 jobs over time, government through the policy “is ensuring the reduction of importation of what it can produce locally by making it unattractive to import manufactured products.”

He further disclosed that the Industrial Training Fund (ITF) is working with Brazilian carmaker, Cena, to open automotive training centres, adding that two universities have agreed to start degree programmes in automechanical engineering to provide adequate local manpower for the industry.

“Banks will be encouraged to operate vehicle purchase schemes to enable Nigerians purchase cars on easy terms and the FRSC will kick off a new vehicle car registration/tracking system in the next two weeks to check the smuggling of used cars into the country,” the minister stated.

•Photo shows a tokunbo car depot.

Source News Express

Posted 03/10/2013 12:48:30 PM


Share on facebook Yahoo mail icon Gmail icon Share on Google+



REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...


You may also like...
The Guardian Editorial Board member assassinated in Lagos...

Striking workers ground Aero Contractors

2015 Presidency: Buhari’s choice of Osibajo as running...

Violence in Ondo as residents protest INEC’s recognition...

Court remands Nnamdi Kanu in prison custody

WAEC to release results, as Bayelsa offsets exam...

Judge set Dec. 14 for Ex-NIMASA DG, warns...

FG to increase power generation to 20,000 MW:...

El-Rufai revises death toll in Kaduna bomb blast...

UNESCO: One language disappears weekly


2017 Budget suffers major setback


Latest News 500 Chinese companies to recruit workers in Anambra Militants give FG ultimatum to reinstate Boroh or face fresh attacks Dapchi Abductions: Military was alerted about Boko Haram operation but failed to act — Amnesty International Imo 2019: Madumere steals show at APC State Executive Council meeting Land Use Charge: Real Estate sector stakeholders hail 50 per cent reduction by Lagos Government Special Report: The travails of Nigeria’s cancer patients •The odds against them Maritime sector has capacity to catalyze economic growth, says NIMASA DG IGP Ibrahim Idris’ order to return firearms suspicious and absurd — Bishop Ezeokafor EFCC re-arraigns Dasuki’s ally over N600m ONSA fraud CPC intervenes for Nigerians as Ford recalls 1.4m vehicles China threatens military and diplomatic action against U.S. Trump seeks death penalty for drug traffickers to curb US opioid abuse


Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (332,455 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (325,135 views) Shameless Genevieve Nnaji exposes breasts in public (260,865 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (214,402 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (198,032 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (192,452 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (167,717 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (150,432 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (143,184 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (133,270 views) Lagos plane crash: Journalist releases victims’ names (132,634 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (125,913 views)


Categories Advertorials (3) African Press Organisation (81) Art & Literature (34) Business & Economy (2,973) Business Verdict (36) Columnists (814) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (455) Features (554) Global Business Monitor (239) International (1,858) Interview (146) Live Commentary (28) Love Matters (114) News (33,751) Opinion (896) Pidgin (10) Politics (4,627) Religion (701) Sports (1,457) Stock Watch (28) AMA & Al Jazeera Global Update





Football Highlight -- BARCELONA - CHELSEA 3:0


APO Group Partner




REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera