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New levy'll run automakers out of business — Innoson

New levy’ll run automakers out of business — Innoson

CHAIRMAN of Innoson Vehicles Manufacturing Company Limited, IVM, Chief Innocent Chukwuma, has cautioned that Federal Government’s plan to reduce the import duties and levies on buses, tractors and other motor vehicles as contained in the recent 2020 Finance Bill, will not only be a disincentive to investments, but will also set Nigeria’s automotive industry back by at least 10 years.

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