Nigeria: Battle for Soul of Nigeria's Automotive Industry

10 February 2021

Dike Onwuamaeze writes that the reduction of the import tariffs on automobiles as contained in the Finance Act 2020 has triggered a war of attrition between automotive manufacturers and the federal government over the future and viability of the industry

When the PwC surveyed over 800 online respondents made up of business owners, chief executive officers, executive directors, tax managers and government officials on their perspectives on the Finance Act 2020, 92 per cent gave the legislation their approval.

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