The Federal Government has denied rumours that car importers will have to pay 70 per cent import duties on used cars describing the allegation as untrue.
The Minister of Trade and Industries, Mr Olusegun Aganga, who disclosed this to State House Correspondents after the Federal Executive Council meeting said that it was unnecessary for some car importers to embark on a campaign of calumny against government.
The minister also noted that the federal government will not renege on its decision to implement the Automotive Policy which seeks to discourage the importation of used vehicles in the country.
Mr Aganga insisted that Nigeria has no business importing cars thereby creating jobs for other countries.
The Federal Executive Council also approved contract for the completion of the Mangu Regional Urban Water Supply Scheme in Plateau State at the contract sum of N5.6 billion.
The project, which was terminated because of the non-performance of the former contractor, has been reactivated because the project is crucial to the well being of the Mangu people.
Further the Federal Executive Council directed the minister of justice and the Attorney General of the Federation, Mr Mohammed Bello Adoke (SAN) to commence the process of domestication and ratification of the revised instruments. (Channels)