The Senate Committee on Privatization headed by Senator Ben Murray Bruce has disclosed that his committee will propose a ban on the importation of second-hand cars into the country.
Senator Bruce made the comments while his committee paid a working visit to the assembly plant of the Volkswagen Of Nigeria Automobile Limited in Lagos.
He said that automakers should have long-term payment plans for low-income earners so as to facilitate their acquisition of new vehicles.
Bruce also stated that there should be about one million made-in-Nigeria cars available on demand annually.
We want one million cars a year. Everybody who has a job should have a brand-new car. I will propose a ban on the importation of Tokunbo cars; but first, every Nigerian should be able to buy a brand new car in 10 seconds after we put up the ban, not ban and wait for two years. The car manufacturers should make provision for down payment of N250,000 and N30,000 monthly instalments. The vehicle should be fully insured for seven years.
Another important thing is that the cars being sold in Nigeria are not energy efficient. You (VON) are a distributor for Nissan and the firm has the number one electric car in the world. The electric car should be sold here.