Since Tinubu has given an executive order to suspend the new levy on imported vehicles, what are the impacts of this order on the current prices of cars at the market.
Do we think it will have any positive effect?

Mboi:
Since Tinubu has given an executive order to suspend the new levy on imported vehicles, what are the impacts of this order on the current prices of cars at the market.
Do we think it will have any positive effect?

economics no dey work for naija

Hmmmmmnnnnnn.

The thing is, Using all these Fire Brigade Economic Policies is basically one shooting oneself in the Foot!

You don't just impose taxes, stop subsidy, float your currency and what's not when there isn't even the most basic foundation or alternative available to support your economy. You just don't at all!




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Op, you didn't read the news article in-depth. It says it applies to only specific vehicles...and I can tell you for free that the said vehicles are not used by 99.99% of Nigerians.

They are categorised as imported new vehicles, car models of three years ago to date that normally pay 35% import duty, and an additional 35% levy, an order effected during Bubu tenure to supposedly aid local manufacturers of cars (even tho the nigga no patronise the so-called local manufacturers as scammer wey e be). So those are 2020-2023 car models, and how many people use those?

demolagilbert:
Op, you didn't read the news article in-depth. It says it applies to only specific vehicles...and I can tell you for free that the said vehicles are not used by 99.99% of Nigerians.

They are categorised as imported new vehicles, car models of three years ago to date that normally pay 35% import duty, and an additional 35% levy, an order effected during Bubu tenure to supposedly aid local manufacturers of cars (even tho the nigga no patronise the so-called local manufacturers as scammer wey e be). So those are 2020-2023 car models, and how many people use those?

Omo!! Thanks for this.