ABUJA: The President, Shippers’ Association Lagos State, Mr Jonathan Nicol, said that Nigeria was losing N800m monthly to restriction of importation of cars with the present auto policy.
Nicol stated this in an interview with the News Agency of Nigeria in Lagos.
He said government should withdraw the auto policy of 70 per cent tariffs on cars “until the nation is ripe enough to produce our own vehicles.”
He said that the Ports and Terminal Multi-Services Ltd. renowned for vehicle imports, was not receiving as many Roll On Roll Off vessels they used to receive before now.
According to him, people are no longer bringing cars anymore as most now come through Cotonou port.
“Our ports are almost empty. Seventy per cent tariffs on cars is too expensive,” Nicol told NAN
The shipper said the auto policy put in place by the last administration should be immediately reversed to attract many of the cars being lost to ports in neighbouring countries.
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