Business & Finance

No To Total Ban On ‘Fairly Used’ Vehicles – FG

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The Federal Government of Nigeria says it will not totally ban the importation of fairly used vehicles, popularly known as tokunbo.


It said the proposed ban will only take full effect when a robust finance scheme is launched to enable citizens to buy brand new ones.

The Director General, National Automotive Design and Development Council (NADDC), Jelani Aliyu, made this disclosure at a stakeholders’ forum yesterday in Lagos.

Aliyu, while expressing government’s commitment to implementing the national automotive policy, said the FG would introduce a vehicle finance scheme before the end of the year.

According to Aliyu, “the NADDC would work closely with the other stakeholders to address the sector’s challenges and promote initiatives that would enable it to produce affordable vehicles that would ease the country’s mass transport challenges”.


He also hailed the passage of the National Automotive Industry Development Plan (NAIDP) Bill by the House of Representatives and the move to do the same by the Senate.

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