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BUSINESS NEWS: Customs agents condemn auto policy

BUSINESS NEWS: Customs agents condemn auto policy

Publish date: 2022-07-11 23:13:46 | Author: Anozie Egole | Source:

The Association of Nigerian Licensed Customs Agents has condemned Nigeria’s automotive policy, saying it will not enhance the growth of the auto sector

The Acting National President of ANLCA, Kayode Farinto, said this in his goodwill message to mark this year’s Eid El Kabir celebration.

He also said that the policy had continued to enrich a few Nigerians to the detriment of the nation’s economy.

Farinto said with the introduction of the policy, Nigeria could not manufacture a single part of a car.

The ANLCA president however called on the need for the review of the age limit on imported used vehicles from 12 years to at least 15 years.

The statement read in part, “The entire auto policy is a scam that has continue to enrich few Nigerians at the detriment of our economy. With the introduction in the last 10 years or more,we are unable to produce ordinary radiator meanwhile few are smiling homes with our money under the guise of being local assemblers and manufacturers, it is high time we revised this policy”

“We as trade Facilitators will continue to do our best to ensure that more revenue is generated into the federation account,as part of our nation building. However,we are using the opportunity to appeal to the Federal Government to revisit many issues that can touch the lives of many Nigerian grassroots. The age limit on imported vehicles needs to be review to at leas 15yrs  from the current 12 years”

It will be recalled that the automotive policy, which was introduced in 2014, seeks to encourage local manufacture of vehicles while phasing out the importation of used vehicles.

Farinto however advised the Federal Government on the need for a consistent policy in the maritime sector.

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