A coalition of South East Youth Leaders has urged President Muhammadu Buhari to ban the importation of latest autos and vehicles into the nation and to help Innoson Motors the one indigenous car producer within the nation.
The group stated that following the coverage of the Federal Government, the one locally-produced items needs to be patronised with a view to strengthen the financial system.
An announcement issued on Friday by the President-General of the group , Goodluck Egwu Ibem stated: “We urge the Federal Government to increase the ban to new vehicles and autos since we’ve got Innoson Motors a reliable firm that’s manufacturing new, robust and inexpensive fashionable autos with state-of-art services that may compete favourably within the worldwide market.
This coverage if correctly carried out will enhance our nation’s steadiness of cost, Gross Domestic Products (GDP) and in addition present extra employment alternatives.”
The assertion additional reads: “Innoson Motors that’s presently manufacturing good-quality vehicles and autos can reside as much as expectations if inspired and supported monetary by the Federal Government to provide extra autos in bigger portions.
“Cars manufacturing firms in developed nations like Toyota , Volkswagen, Ford are doing nicely right now as a result of they obtained their authorities’s help and correct sponsorship after they began. Today, these nations are celebrated and rated as developed due to what they manufacture. We can attain the identical toes, if we help our personal firms.
“We urge the Federal Government to increase the identical help to Innoson Motors in order that our financial system can develop at a quicker tempo.
The Federal Government have given loans to Nigerian farmers to help them produce extra meals for Nigerians. The Federal Government by way of the Central Bank of Nigeria (CBN) must also lengthen the identical monetary help to Innoson Motors. It is one thing what doing with a view to enhance the financial system of the nation.
“One of the simplest methods of preventing insecurity is by offering employment for our teeming youths. Financing, supporting and patronizing indigenous companies is the best solution to obtain it.
The Federal Government coverage on ban of importation of sure items and providers is a welcome growth which resultant impact will profit one and all sooner or later.”