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The bill seeking to increase tariff on imported vehicles elicit reaction in Benin

The endorsement of a bill seeking to increase tariff on imported vehicles by the House of Representatives is generating reactions from members of the public in Benin City.

Wellington Akodeja reports that the respondents were divergent in their opinion, even though the initiative is geared at encouraging local manufacturers of automobiles in the country.

According to the chairman, committee on industry and investment, federal House of Representatives Mr. Mohammed Onawo said the implementation of the new policy would attract new investment to the automobile sector, protect local manufacturers and create employment for Nigerians.

The respondents who though described the new policy as a healthy development said the bill will help revive some moribund vehicles manufacturing and assemblage firms in the country which will also generate employment for the teaming unemployed youths in the country.

Others, however thought under wise, they said the passage of the bill was done in bad fate citing lack of functional manufacturing and assemblage firms in the country.

They alleged that the decision was aimed at preventing ordinary citizens from owing a car.

According to the Minister of industry, trade and investment, Mr. Olusegun Aganga said the potential for the automobile industry plan will save as much as five hundred and fifty billion naira.

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