The Nigerian Shippers’ Council (NSC) and other stakeholders have met and unanimously warned of dire consequences that may arise from a hasty implementation of the auto policy.
NSC warned that the implementation of the automotive policy introduced by the Jonathan administration in 2013 has the potential of wrecking the operation of roll-on-roll-off (RORO) terminals in the country.
Deputy Director and Head, Public Affairs of the NSC, Mr. Ignatius Nweke gave this warning in Lagos at a Town Hall Meeting organised by Ships & Ports Communication Company to discuss implementation of the contentious policy.
“A word of caution and advice to NAC (National Automotive Council) because when you have a policy that is coming in and there are other policies that have been in existence, one needs to thread with caution.
“We need to understand what is on ground and gradually launch ourselves into the programme taking into consideration that some years back we went into port concessioning and some concessions were given to some ports in the area of the cargo that will come into such port and if you go up and say okay, fine, there are certain things in terms of importation and duties that will stop such cargoes coming in, the return on investment will be affected; the economy equally will be affected.
Several other stakeholders who attended the meeting cautioned against hasty implementation of the policy.
The general consensus was that Nigeria should focus on areas where it has comparative advantage like the manufacture of tyres.
Stakeholders at the meeting also advised that the Federal Government should allow auto assembly plants roll out Made-in-Nigeria vehicles first before applying high duty rates and levies on imported vehicles.
SOURCE: Daily Times