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FG Makes U-turn, Denies Plan to Ban importation of Tokunbo Cars.

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The Federal Government said it has no intention to ban the importation of fairly used vehicles, also known as tokunbo, into the country.The Minister of Industry,  Trade and Investment, Dr. Olusegun  Aganga, stated this on Friday during a facility tour of one of the  nation’s automobile assembly plants, Peugeot Automobile of Nigeria,  Kaduna.Aganga said despite the new Automobile Policy now in place,  the  government would not ban the importation of fairly used vehicles because  of the socio-economic importance to  the country.Rather than banning the used imported cars, the minister noted that Nigeria must work towards providing alternative cars.He  said it was normal to place a ban on importation of tokunboh  while revamping the auto-industry, noting that at one of the Federal  Executive Council meetings, it was decided that there should be no ban  on tokunboh cars.The minister, who said he was at PAN to assess how the automobile  company was taking the opportunity of the new automobile policy of the  government, said  though tokunboh  vehicles would still be  imported into the country, the government would do everything possible  to ensure that affordable and new cars were produced for Nigerians.The Minster said, “We study what was done in Pakistan, India, and  in South Africa. It is normal that in most countries they ban the  importation of tokunboh cars because that will help the demand of the  local manufacturers.“However, for Nigeria, we discussed and we said we are not going to  ban tokunboh vehicles because of the socio-economic circumstances we  have in the country. We must work towards providing alternative cars  before we even consider placing a ban on tokunboh cars.“So, in Nigeria, we have not banned it yet. If we slow down the  demand, it will slow down the pace of growth. If you look at the cars  today, for every one new car that is imported, almost six tokunboh are  imported into the country. That tells you that the economy of the  country is a priority.“When you see that, as a country you cannot afford to place a ban.  The federal executive council has said we are not banning tokunboh  vehicles until we have alternative for it. So, tokunboh cars will still  come into the country and we will do everything possible to make sure  that we can produce affordable and new cars for Nigerians.”

(From Biafra Galaxy)

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