High charges cut used vehicles import to 15,429 units

  High Customs import duty charged on used automobiles has reduced the volume of Roll-on Roll-off (RoRo) vehicles at the Tincan Island Port terminals since the beginning of the year, New Telegraph has learnt. Between January and June 2018, only 15,065 units were imported through the port’s terminals with the Port and Terminal Multi-services Limited (PTML) taken over 90 per cent of the total imports. Checks by this newspaper revealed that only the terminal is still managing to do RoRo shipping because of its comparative advantage over other terminals licensed…

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Roadworthiness: Lagos certifies 431,321 vehicles

Lagos State government said that it had automated the issuance of Roadworthiness Certificate and issued over 431,321 RWC to vehicles. The Commissioner for Transportation, Mr. Ladi Lawanson, disclosed this while briefing journalists on the Vehicle Inspection Service Safety Campaign Week. Lawanson also said that that over 60 per cent of the vehicles that failed road worthiness test had faulty brakes and issues relating to lighting, suspensions, tyres and so on. The commissioner said that under the referral arrangement system, 93,768 vehicles had visited Lagos State Computerised Vehicle Inspection Centres (LACVIS)…

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Nigeria saves N490bn from used vehicles’ import

  Importation of vehicles to Nigeria from Europe, Asia and United States has reduced by 81.25 per cent or N490.5 billion in the last three years because of the Federal Government’s auto policy, New Telegraph has gathered. The implementation of the 70 per cent tariff on imported vehicles started in January, 2015. Importers and car dealers, who formerly paid 20 per cent duty and two per cent levy on new cars, are now paying 35 per cent duty and another 35 per cent levy as contained in the policy. Government…

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Roro vessels flood port with 8,300 vehicles

Nigeria depends on used vehicles to meet local demand As the year is coming to an end, a total of 8,300 used vehicles have been shipped into the nation’s roll-on roll-off port at Tincan Island Port within the last two months. The vehicles were conveyed to the port by 16 vessels from United States and Europe through direct shipments. Already, importation of used vehicles to the port has grown 4.6 per cent (73, 244 units) in 2017. In December alone, Nigerian Ports Authority (NPA)’s shipping position revealed that 3,550 units…

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