Peugeot Automobile Nigeria Limited has faulted the Federal Government’s plan to reduce import duties and taxes on tractors, buses and passenger vehicles, say it would serve as a disincentive to local automobile plants. Chairman of PAN Nigeria, Ahmed Aliyu Wadada, who revealed this in Kaduna, urged the Federal Government to quickly reverse the plan.
His words: “We got very disturbing information from the media aide to the Vice President of the Federal Republic of Nigeria that the Federal Government is slashing down import duties and other taxes on tractors, buses and passenger vehicles. This is of concern to us on behalf of other automobile plants, as the leading automobile plant in Nigeria.“Federal Government should take a look at the policy and reverse it for the betterment of Nigerians.
And what has not reducing import duties on vehicles done to the automobile industry?
Policy somersault. I agree with the PAN chairman, but they should get busy and show Nigerians they are serious and start manufacturing.