June 19, 2018

Ban on vehicle importation will increase smuggling – Experts

Ban on vehicle importation will increase smuggling – Experts

Financial analysts on Saturday faulted the ban on importation of vehicles through the land borders saying that the new policy may increase the level of smuggling of the product into the country.

They noted that the move was a good policy that would help to develop the capacity of the local auto industry, but expressed the fears that its implementation, if not effectively done, would defeat such motive owing to port congestions.

Those that spoke on the issue are the President, Abuja Chamber of Commerce and Industry, Mr Tony Ejinkeonye; former Managing Director, Unity Bank Plc, Mr. Rislanudeen Mohammed and the Head, Banking and Finance Department, Nasarawa State University, Keffi, Uche Uwaleke . Read more

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