Importation Tariff on Used Cars

By Vivian Idepefo

The Federal Government has approved an upward review of importation tariff on used cars popularly known as Tokunbo cars, as part of measures to ensure the success of the new automotive Development Policy. The Minister of Industry, Trade and Investment, Dr. Olusegun Aganga stated this in an interactive session with stakeholders in Abuja to clear issues raised by the new development plan.