Wednesday, 2 October 2013

FG Set To Ban Tokunbo Cars In Nigeria

Times may become harder for importers of used cars over the next few weeks as the Federal Executive Council has endorsed a new National Automotive  policy to curb the over N672 billion being spent on cars importation annually.

Minister of Trade and Investments, Olusegun Aganga, disclosed this while briefing newsmen at State House, Abuja after the weekly meeting of the Federal Executive  Council

Dr Aganga said the policy when implemented would encourage local manufacturing of vehicles and enforce a gradual phase out of used cars popularly known as ``tokunbo ‘’.

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