The Coalition of Southeast Youth Leaders, COSEYL has challenged the Federal Government to move with the same zeal in banning the importation of vehicles in the same way it banned rice and fish importation to protect the local economy.
COSEYL in a statement made available to GWG observed that Innoson Motors Limited was already producing world class vehicles that should receive Federal Government protection for the economy to improve.
The statement issued by its president-general, Chief Goodluck Ibem read in part:
“Now that the federal government have banned the importation of rice, fish, and other food items produced in Nigeria so as to patronize and strengthen our locally made goods and economy.
“We urge the Federal Government to extend the ban to new cars and vehicles since we have Innoson Motors a dependable company that is manufacturing new, strong and affordable new modern vehicles with state-of-arts facilities that can compete favourably in the international market.
“This policy if properly implemented will improve our country’s balance of payment, Gross domestic Products (GDP) and also provide more employment opportunities.
“Innoson Motors that is presently manufacturing good quality cars and vehicles can live up to expectations if encouraged and supported financial by the federal government to produce more vehicles at larger quantities.
“Cars manufacturing companies in developed countries like Toyota , Volkswagen , Ford are doing well today because they got their government support and proper sponsorship when they started . Today those countries are celebrated and rated as developed because of what the manufacture. We can attain the same feet, if we support our own companies.
“We urge the Federal government to extend the same support to innoson motors so that our economy can grow at a faster pace.
“One of the most effective ways of fighting insecurity is by providing employment for our teeming youth. Financing, supporting and patronizing indigenous firms is the easiest way to achieve it.
“The Federal Government policy on ban of importation of certain goods and services is a welcome development which resultant effect will benefit all and sundry in the future.
“Though the policy may be harsh at the mean time , but we will all develop our economy when we imbibe the culture of patronizing made-in-Nigeria goods and services.
“We lose huge resources when we import new vehicles and cars from other countries. Most times the balance of trade will be unfavorable because we imported without a consummate exports to the same country.
“We therefore urge the Federal government to extend the same ban placed on some foods to new cars and vehicles since there are manufactured here in Nigeria by our indigenous firm Innoson Motors.”