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Stop Importation Of Used Cars If Nigeria Is To Have A Vehicle Manufacturing Industry – South Africa

Ugodre Obi-chukwu by Ugodre Obi-chukwu
May 8, 2013
in Uncategorized
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Nigeria has approached South Africa for help in advancing our moribund vehicle manufacturing sector and also help with technical assistance to create a market for the industry. In response the South African Minister for trade and investment responded by saying

“As a first step it is considering a limitation on used-car imports”.

As we all very well know Nigerians import millions of second hand used cars everyday as a means of personal transportation. New cars are expensive in Nigeria since they are also imported. Assembling them in Nigeria, will make them cheaper import fees will be eliminated and government incentives will be available for the formative years of the sector. However, even if the government grants incentives, imported used cars may still be cheaper a situation that may increase loss of investments for investors.

It will be interesting to see how this pans out considering the influence and cartels in the used cars industry. Nigerians will also revolt as newer cars are expensive to buy and to finance.

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source: Nigeria looks to SA car makers as model to emulate

Tags: ManufacturingNews Review
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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Comments 4

  1. ugodre says:
    May 8, 2013 at 6:18 pm

    STOP IMPORTATION OF — USED CARS IF NIGERIA IS TO HAVE A VEHICLE MANUFACTURING INDUSTRY – SA | Ugometrics https://t.co/WYq48DnHLk #UGOMETRICS

    Reply
  2. ugodre says:
    May 8, 2013 at 7:02 pm

    STOP IMPORTATION OF — USED CARS IF NIGERIA IS TO HAVE A VEHICLE MANUFACTURING INDUSTRY – SOUTH AFRICA https://t.co/j648a2lruH

    Reply
  3. ugodre says:
    May 10, 2013 at 4:35 am

    STOP IMPORTATION OF — USED CARS IF NIGERIA IS TO HAVE A VEHICLE MANUFACTURING INDUSTRY – SOUTH AFRICA https://t.co/4VXRf6erw4 #UGOMETRICSBLOG

    Reply
  4. ugodre says:
    May 11, 2013 at 11:26 pm

    STOP IMPORTATION OF — USED CARS IF NIGERIA IS TO HAVE A VEHICLE MANUFACTURING INDUSTRY -… https://t.co/4VXRf6erw4 #UGOMETRICSBLOGWEEKENDRECAP

    Reply

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