Car dealers express mixed reactions over lower vehicle import duties
Some car dealers have expressed mixed reactions to the Federal Government’s revised tariff regime, which includes a reduction in import duties on vehicles.
Aminu Abdullahi, a car dealer based in Kano, said the reduction in import duty could increase demand for brand-new vehicles, giving buyers greater confidence and reducing concerns about encounters with customs operatives during highway checks.
In a post on his verified social media handle, Manga Muhammed, Chief Executive Officer of Manga Automobiles, said lower import duties would reduce vehicle prices, but cars with larger engines would cost more under the policy.
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