'Vehicle prices to increase next year' – Punch Newspa

'Vehicle prices to increase next year' – Punch Newspapers


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Okechukwu Nnodim, Abuja
The prices of vehicles imported into Nigeria will increase significantly from next year once the Fuel Grade and Vehicle Emission Standards Regulations of the Economic Community of West African States is implemented, the Association of Motor Dealers of Nigeria has said.
AMDON said the plan of ECOWAS was to implement the regulation next year, which would restrict the importation of passenger vehicles of not more than five years old and heavy duty vehicles of not more than 10 years old into ECOWAS member states, including Nigeria.
President of the association, Ajibola Adedoyin, told journalists in Abuja that if the Federal Government allowed the implementation of the regulation in Nigeria, the cost of imported vehicles would definitely increase from next year.

Related Keywords

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