FG Bans Importation Of Vehicles From Land Borders
The Federal Government has banned the importation of vehicles into the country through land borders. According to the spokesman for the Nigeria Customs Service (NCS), Mr. Wale Adeniyi, a deputy comptroller, “The prohibition order covers all new and used vehicles.”
The ban, is expected to take effect from January 1st, 2017, and is a sequel to a presidential directive restricting all vehicle imports to Nigerian seaports only.
Adeniyi added that the restriction on importation of vehicles follows that of rice, whose imports had been banned through the land borders since April 2016.
He said: “The restriction on importation of vehicles follows that of rice; import of rice through land borders has been banned since April 2016. “Importers of vehicles through the land borders are requested to utilise the grace period until December 31, 2016 to clear their vehicle imports landed in neighbouring ports,” Adeniyi said.
Already the neighbouring Cotonou Port in Benin Republic has become import destination for Nigerian vehicles, controlling 63 per cent. The roll-on roll-off terminals, which used to handle over 400,000 units of vehicles annually in Nigeria before the advent of automotive policy, now rely on 37 per cent. In the last three years, the Customs Service has lost N600 billion as revenue due to diversion in the importation of vehicles to the neighbouring port.
The National Automotive Design and Development Council (NADDC) report estimated annual imports of vehicles to about 400,000 vehicles. It noted that 100,000 vehicles were new, while 300,000, valued at about $3.45 billion, were used vehicles.