Breaking News

PAN to import tokunbo vehicles

By Emeka Mamah

KADUNA — Nigeria’s leading automobile company, Peugeot Automobile Nigeria, PAN, said yesterday that there was plan to flood the Nigeria auto market with fairly used vehicles which would be certified by the manufacturers as a way of repositioning itself to compete favourably with others.

Managing Director of the company, Dr. Haroun Aliyu, told newsmen at the ongoing Kaduna International Trade Fair that the vehicles to be imported would not be like the others which do not give the buyer the history of such vehicles.

He said the cars would first be certified by the company and labelled to give the buyer the true history of the car.

According to him, Nigeria has a large market for used cars, adding that even in Europe, people do not usually start owning cars with brand new ones.

He argued that “if ownership of tokunbo cars is the problem of Nigerians. We have plans to bring what we call certified second hand vehicles. It is good as it is done globally and not the road side tokunbo that we have where you don’t have the history of the vehicle.

“The certified second hand, which we are working on to see how we will launch it in Nigeria, is for us to bring in cars that are used, but are recertified by the manufacturers, with a label.

“If you buy a car with a label from any of the networks, it is as good as buying a new car because you have access to all the information as well as all the history of the vehicle and you can be supported by the brand,” he said.

He lamented that the Nigerian government was not encouraging local manufacturers of vehicles, stressing that all over the world, it is the government that encourages local manufacturers by imposing higher tariff on imported finished vehicles.

Citing the example of the United States of America which had to increase the tariff of imported tyres to encourage the growth of local manufacturers, he said it was wrong for any government to open its boarders to all manner of imported goods in the name of free trade.

…to diversify
Adamu said the company planned to diversify its operation by setting up subsidiaries which include a tractor assembling plant that would cater for the agricultural sector through the production of tractors and other agricultural implements.

Others are a leasing company that would address the needs of poor Nigerians who wish to buy new cars, but cannot afford it as well as a PAN learning centre that would teach courses on car production as well as French, German and Arabic languages.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.