Senate to ncs suspend ban on vehicle importation through land borders
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Breaking News: Senate Suspends Ban on Vehicle Importation through Land Borders
The Nigerian Senate has suspended the ban on vehicle importation through land borders, effective immediately. This decision was made after a motion was moved by Senator Kabiru Gaya (APC, Kano) and seconded by Senator Aliyu Wammako (APC, Sokoto).
The ban, which was imposed in December 2020, was aimed at reducing smuggling and boosting revenue for the government. However, the suspension is expected to ease the pressure on the country's ports and improve the flow of goods and services.
According to Senator Gaya, the suspension is necessary to address the challenges faced by importers and exporters, particularly those in the automotive sector. He argued that the ban had led to a significant decline in the importation of vehicles, resulting in a shortage of new vehicles in the country.
The Senate's decision is expected to have a positive impact on the economy, particularly in the automotive sector. It may also lead to an increase in revenue for the government, as importers and exporters are expected to pay duties and other charges on the vehicles they import.
It's worth noting that the suspension is not a permanent lifting of the ban, but rather a temporary measure to address the current challenges. The government may review the ban in the future if necessary.
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