Abuja - The federal government has denied that it has started the implementation of the 70 percent duty imposed on imported used cars based on the new National Automotive Policy.
Olusegun Aganga, , Minister of Industry, Trade and investment said the duty on used cars remained 35 per cent, reports Leadership.
He noted that higher tariff in the National Automotive Policy would only apply to those who have not keyed into the new policy, which is intended to encourage local production of vehicles.
He said those involved in the auto policy programme, including firms assembling cars in the country and creating jobs, would be able to import cars at 35 percent
Read more at Leadership.
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