Kaduna — The decision by the Federal Government to regulate the importation of secondhand vehicles by increasing tariff will boost local auto industries and create jobs, a Director of Geogeous Metal Makers Limited has said in Kaduna.
Murphy Cor Ugwu said the importation of second hand vehicles have not only crippled local auto industries, but underdeveloped the country's economy over the past years, adding that the new initiative will boost the country's economy.
Minister of Trade and Industry, Olusegun Aganga, announced recently that government has commenced the implementation of the Nigerian Automotive Industry Policy, thereby reviewing upwards the tariff on importation of secondhand vehicles. The new policy when fully effective will ensure the creation of a minimum of 700,000 jobs in the auto industry, he said.
Ugwu said it will be better to have an automobile factory in Nigeria that will give jobs to the youth rather than allow vehicles importation. He said the local industries produce vehicles that are even better than those manufactured abroad.
"The Federal Government has done what we have been clamouring for, for over 20 years with the implementation of the auto policy. Though government has not directly banned importation of second hand cars, but there are standards which they can be imported," he said.
He said if the Federal Government gives more support to automobile companies like the Peugeot Automobile Nigeria Limited, they will produce cheaper cars.