Close Menu
Chronicle.ng
    Trending Stories
    FIFA’s 2022 World Cup legacy fund to donate money to WHO, WTO and UNHCR

    FIFA expands Women’s World Cup to 48 teams starting from 2031

    May 9, 2025
    Cultists stone rival to death in Bayelsa

    Cultists kill two fresh graduates in Bayelsa

    May 9, 2025
    Fubara: 'End emergency rule,' Rivers women demand in fresh protest

    Rivers women seek end to emergency rule

    May 9, 2025
    Facebook X (Twitter) Instagram
    Trending
    • FIFA expands Women’s World Cup to 48 teams starting from 2031
    • Cultists kill two fresh graduates in Bayelsa
    • Rivers women seek end to emergency rule
    • Natasha defends sarcastic apology to Akpabio, says ‘I didn’t violate any court order’
    • Amorim to turn remaining league matches into Europa League final auditions
    • Osinbajo champions people-centred justice at The Hague
    • Simon Ekpa: AGF denies extradition process against IPOB factional leader
    • Desmond Elliot revealed how 2020 EndSARS protesters almost burnt him alive
    Facebook X (Twitter) Instagram
    Chronicle.ngChronicle.ng
    Subscribe
    Friday, May 9
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle.ng

    Car dealers seek reduced customs duties

    Chronicle EditorBy Chronicle EditorJanuary 16, 2017No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    Facebook Twitter WhatsApp


    Some car dealers in Abuja have called on the Federal Government to reduce customs duties of imported cars and to formulate policies to encourage Nigerians to patronise locally assembled vehicles.

    The dealers told the News Agency of Nigeria (NAN) on Monday that high customs duties and the high exchange rate of the naira had affected their businesses negatively.

    A female dealer at Galadima, who spoke on condition of anonymity, appealed to government to reduce the custom duties, saying “ we pay as high as N350,000 for duty on Lexus”.

    “We are not against collection of custom duties because we pay in Cotonou where we import cars from and we also pay heavily here.

    “You can see, our car stand is empty, custom officers came to pack all the cars that we have not paid the duties; we are begging them to reduce the payment,’’ she said.

    Mr Emeka Ohaeri, a car dealer at Galadima, said that the new policy on the ban of imported cars through land borders had affected the business.

    NAN reports that the prohibition order covers all new and used vehicles.

    The ban was sequel to a presidential directive restricting all vehicle imports to sea ports. The order took effect from Jan. 1.

    Ohaeri of Biggud Global Motors said the government should have encouraged local production of vehicles before the ban on the importation of cars through land borders.

    “If you look around at our space, you will see that it is very dry; you can’t see many cars, all you are seeing now is old stock.

    “We have not bought any car this year. We can’t even buy cars expect we depend on people that are importing from America.

    “It is affecting us seriously. This is coupled with Beninois currency, the CFA Franc and the dollar, that are very costly because we import from Cotonou,’’ he said.

    “A car that we sold for N6 million before now, buyers cannot even get it for N8 million again,’ Ohaeri said.

    Nwabor Chris, a car dealer at Galadima, called on the government to suspend the policy.

    “The policy has been affecting our business; we sell and we can’t go to the market.

    “If they implement it, we will not be able to import cars again because we don’t travel abroad; we go to Cotonou to import.

    “Most of us dealers import cars from Cotonou, while some import from the US and clear in Lagos,’’ he said.

    NAN

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    FIFA’s 2022 World Cup legacy fund to donate money to WHO, WTO and UNHCR

    FIFA expands Women’s World Cup to 48 teams starting from 2031

    Cultists stone rival to death in Bayelsa

    Cultists kill two fresh graduates in Bayelsa

    Fubara: 'End emergency rule,' Rivers women demand in fresh protest

    Rivers women seek end to emergency rule

    Akpabio blows hot, tells critics 'I won't step down' over Natasha's allegations

    Natasha defends sarcastic apology to Akpabio, says ‘I didn’t violate any court order’

    Amorim blames set-piece woes in Man United's defeat

    Amorim to turn remaining league matches into Europa League final auditions

    Prof. Yemi Osinbajo speaking at The Hague’s Peace Palace on people-centred justice during HiiL’s Why Justice Matters event

    Osinbajo champions people-centred justice at The Hague

    Add A Comment
    Leave A Reply Cancel Reply

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    FIFA’s 2022 World Cup legacy fund to donate money to WHO, WTO and UNHCR

    FIFA expands Women’s World Cup to 48 teams starting from 2031

    May 9, 2025
    Cultists stone rival to death in Bayelsa

    Cultists kill two fresh graduates in Bayelsa

    May 9, 2025
    Fubara: 'End emergency rule,' Rivers women demand in fresh protest

    Rivers women seek end to emergency rule

    May 9, 2025
    Akpabio blows hot, tells critics 'I won't step down' over Natasha's allegations

    Natasha defends sarcastic apology to Akpabio, says ‘I didn’t violate any court order’

    May 9, 2025
    Amorim blames set-piece woes in Man United's defeat

    Amorim to turn remaining league matches into Europa League final auditions

    May 9, 2025
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.