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MD, Peugeot Nigeria Calls for Full Implementation of Auto Policy

ANN ALLEN (London Bureau Chief)

[dropcap]P[/dropcap]resident Muhammadu Buhari-led Federal government has been urged to embark on full implementation of the nation’s auto policy as set out by its predecessor.

Ibrahim Boyi, MD, PAN Nigeria Limited
Ibrahim Boyi, MD, PAN Nigeria Limited

The advice was contained in a recent statement credited to the Managing Director of PAN Automobile Nigeria Limited, Mr. Ibrahim Boyi.

Although the PAN boss thumped up for the House of Representatives’ decision to patronize Peugeot 508, as a result of which he claimed sales of the model had soared, in his view, full implementation of the auto policy will not only be more impetus to local auto assemblers, but would also inject desired torque into the growth of the nation’s auto industry.

According to him, certain steps taken to clamp down on alleged sharp practices by certain players in the auto industry has started yielding benefits for Peugeot brand in Nigeria.

He explained: “Some companies had some advantages in the past, because of some sharp practices they were involved in.

“But you know nobody else will provide the type of pricing that they are providing, our pricing is very transparent and very structured, so we are not cutting corners we make sure we get our pricing right.

“We cut down on our logistics to be more efficient and that is why we are able to put these products in the market with a better price than the competitor.”

Notwithstanding, the PAN MD enthused that demand and acceptability for the Peugeot 508 has soared in recent times, adding that his company is, more than other locally assembled brand, enjoys the patronage of government agencies as well as private sectors, including UBA and Heritage Bank, which Mr. Boyi claims buy Peugeot brand in hundreds.

“From last year,” Boyi stressed, “I am sure you have seen more Peugeot cars; there is no doubt about that. Even in terms of our spread, it is not just the government, the biggest vehicle we sold are to private organisations; UBA, Heritage bank, these are organisations that buys car in their hundreds”.

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