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FG shifts Tokunbo car tariff increase to April. With BBN you can afford to buy a brand new car

The Federal Government may have bowed to pressure on the implementation of the 70 per cent tariff on imported used vehicles by postponing its enforcement to April 30, 2015.

This is the third time in six months that the tariff implementation date will be shifted. It was first moved from July 1, 2014 when the government decided to implement the policy in two phases of 35 per cent apiece to January 1, 2015.

The government said then that the arrangement was to enable local vehicle assembly plants to ramp up production in order to meet the nation’s demand for brand new vehicles.