FG BAN OF IMPORTATION OF CAR, SURVIVAL OF THE DEALERS

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Since the Federal Government ban on the importation of vehicles through land borders, many dealers of fairly-used imported cars also known as “tokunbo” in Kano State have been having hard times and some have even resorted to other businesses.

Some of the dealers who spoke with the correspondent of the News Agency of Nigeria (NAN)on Thursday said that the Federal Government’s ban on importation of vehicles through the land borders has negatively affected their business, forcing many to switch to other businesses in order to survive the current economic recession.
One of the dealers, Alhaji Nura Sheka, who has been in the business for the past 10 years, said the business as never been this bad like it is this year, following the introduction of the new policy.
He said, “I lost four cars because I could not clear them before the deadline given by the government to clear our goods and the ones I have on ground have not been sold due to lack of patronage.”
Alhaji Haruna Babba, another car dealer, said following the introduction of the new policy, he had since joined his brother at the Sabon Gari Market where they were currently selling food items, stating that he can no longer rely on a business that has no future.
Babba said his decision to start the food business was borne of the belief that the business is secured and lucrative because people must eat, no matter the situation of things in the country.
 
He added that the few who were still in the business had to travel to Lagos to clear their imported vehicles, pointing out that most of those who remained in the business were used to Lagos.
In his own statement, Alhaji Ja’afat Jikamshi said that most of the car dealers who switched to other businesses were those with small capital.

According to him, there were many other dealers who were happy with the new policy, adding that such dealers found it easier and less stressful to go and conduct their business in Lagos because of its proximity.

“Even though the recession has adversely affected the business, many car dealers are still happy with the new policy as it is less stressful for them,” Jikamshi said.




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