Clearing Agents Want Gov’t To Increase Age Limit For Imported Vehicles, Reveals Preferred Age

Agents say Nigeria's auto policy is a scam that benefits few individuals
July 13, 2022

Nigerian clearing agents has requested that the Nigerian government review its automotive policy, with the age limit for imported vehicles said to be one of the areas in need of change.

The acting national president of the clearing agent umbrella, Association of Nigerian Licensed Customs Agents (ANLCA), Kayode Farinto, made this known on Tuesday, stating that the automotive policy only benefits few individuals.

Join our WhatsApp Channel

He said the age limit of imported vehicles, which is currently 12 years should be raised to 15 years. Farinto also urged the government to put an end to uncertainty surrounding the industry’s policy, as it affect business decisions.

According to Farinto, the trial and error of the government must be stopped, as he condemned the regular change of transportation minister. He explained that such action is making the sector stagnant.

What Nigerian clearing agents boss requested for

In the statement, the leader of ANLCA opined that, “The age limit on imported vehicles needs to be reviewed to at least 15 years from the current 12 years. The entire auto policy is a scam that has continued to enrich a few individual Nigerians at the detriment of our economy.”

He added, “With the introduction in the last 10 years or more, we are unable to produce ordinary radiator, meanwhile few people are smiling to the banks with our money under the guise of being local assemblers and manufacturers. It is high time we revised this policy.”

Part of Farinto’s statement further reads, “This trial and error of the government must be stopped forthwith, just when we thought there is eureka in the transportation ministry, the government decides to change the minister to bring a new person that will start learning and commence visitation in the next three months.

“We are stagnant and not really moving forward with these retrogressive steps every time and it is encouraging neocolonialism.

“The federal government in line with international best practices needs to reorganise and re-orientate the management of the Nigeria Customs Service (NCS) from the present moribund one.

“The present one has continually brought confusion to the trading community with her high-handedness, without control and checks to the extent that the federal ministry of finance has lost her supervisory role, hence the high level of non-professionalism of the service to the nation.”

+ posts
Previous Story

Tinubu’s Muslim-Muslim Ticket Dead On Arrival, Will Drag APC To The Pit, Says Babachir Lawal

Next Story

China’s Biggest Bank Scam Triggers Multiple Protests, Gov’t Takes Action

Featured Stories

CBN, Policy Shifts and Economy

By Arize Nwobu The Central Bank of Nigeria (CBN) has worked dedicatedly alongside the federal government and implemented policy shifts towards the

Latest from Business

CBN, Policy Shifts and Economy

By Arize Nwobu The Central Bank of Nigeria (CBN) has worked dedicatedly alongside the federal government and implemented policy shifts towards the reconfiguration of the economy to foster stability and sustainable growth, increase overall economic efficiency and improve living standard. CBN policy
Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

Nigerian Stock Market Rebounds With N30.45bn Gain

The all-share index (ASI) increased by 0.23 percent on Friday, January 16, leading to the market capitalisation of the Nigerian Exchange (NGX) rising by N30.45 billion. It was gathered that the ASI expanded by 72.21 basis points, from 166,057.29 index recorded on

Sterling Bank Steps Up Environmental Sustainability Efforts

Nigerian banks are increasingly prioritizing environmental sustainability and climate action, with Sterling Bank leading the charge. The bank, in collaboration with Sterling One Foundation, Sunbeth, and government agencies, organized a nationwide Environmental Cleanup and Beach Adoption exercise, covering 17 states and engaging
Previous Story

Tinubu’s Muslim-Muslim Ticket Dead On Arrival, Will Drag APC To The Pit, Says Babachir Lawal

Next Story

China’s Biggest Bank Scam Triggers Multiple Protests, Gov’t Takes Action

Don't Miss

Food Prices Rises Continually As Two-thirds Go Hungry- Report 

Food Crisis: A Call To Action For Nigeria’s Leadership

Understanding the Food Crisis in Nigeria From the farmers to
Gbajabiamila Apologises For Posting Harvard Photos On Twitter

Gbajabiamila Denies N10 Billion Personal Residence Renovation, Calls For Responsible Debate

In a rebuttal against claims of N10 billion allocated for his