I have listened to many comments and read many arguments for and against importation of used vehicles and the new policy of the Federal Government of Nigeria which favours resuscitation of the country's automobile sector.
All the arguments are reasonable.
I also do think that if the plan of the government is to scale down our preference for fairly-used vehicles, then it’s not going to work. Nigerians will smuggle those vehicles into the various automobile markets across the country, perhaps starting from Lagos.
Before the policy takes-off, I think the government should get its power sector up and running first. The automobile sector will need a lot of power. After power stabilises, then the policy on restriction can begin.
If the cost of assembling a 'Nigerian car' is competitive, then it would cost less to buy them. It follows then that many Nigerians who have been forced to think a brand new car is beyond their reach, will now start going for it, and by implication, the demand for imported used vehicles will drop.
Don't you think so?
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