FG Plans 125% Import Tariff on Tokunbo Vehicles

The Federal Government has unveiled plans to impose 125 percent and 100 percent import tariffs on used cars and Fully Built Vehicles (FBUs) respectively under a new Nigerian Automotive Industry Development Plan.
The Director of Policy and Planning at the National Automotive Design and Development Council, Engr. Farouk Umar, made this disclosure during a stakeholders’ dialogue session held on the Draft Automotive Bill in Abuja. Daily Trust