Business Absence of Ministers Stalls Implementation of New Import Levy on Tokunbo Cars

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Nigeria - Implementation of a 35% import levy on 2nd hand cars - scheduled to begin on July 1st, 2015, has been put on hold.

According to Director General of National Automotive Council, Aminu Jalal, this is due to the absence of a Finance Minister.

He said it only the Minister of Finance who could give a directive for the council to proceed with the implementation.

“The Minister of Finance has to give an order, a written instruction to that effect. As it is right now, there is no minister yet. So, until we have one, we cannot implement the collection of the new levy,” Jalal said.

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