Peugeot Automobile Nigerian Limited (PAN), has called for a ban on the importation of used cars that are five years old and sub-standard ones.
The call was made by the company’s Managing Director, Dr. Haroun Aliyu, during a recent oversight visit of the House of Representatives Committee on Privatisation and Commercialisation to PAN headquarters in Kaduna.
Aliyu also urged government to legislate on patronage of locally-manufactured vehicles, observing that PAN has injected N5 billion into the new Peugeot 307 sedan production line which replaces the 406 production line.
He informed that with 950 workers, PAN produces 70,000 cars per annum on an average of 24 cars per day.
Aliyu also pointed out that the company planned to upgrade its training institute to a vocational training centre, adding that as part of its social responsibility, it had asked state governors to nominate ten candidates each from their states for training.
On the challenges facing the company, the chief executive officer said; “The challenges facing the company include difficulty in securing bank facility, investor apathy, depreciation of the naira, under utilised capacity, lack of deliberate tariff regime and influx of imported brands”.
In his remarks, the chairman of the House of Representatives Committee on Privatisation and Commercialisation, Alhaji Ahmed Njiddah Gella, directed the management of Peugeot Automobile Nigeria (PAN) Limited to deal only with the Bureau of Public Enterprises (BPE) as the recognised government representative on its board.
Gella expressed concern over attempts by other government agencies to sit on the board of PAN when it is the statutory responsibility of the BPE.
The Federal Government has a 10 per cent equity in the company which the BPE holds in trust for government.
He told the company’s management to “henceforth draw the attention of BPE to any correspondence from any of the agencies purporting to be government representatives on the board,” adding that, such act would no longer be tolerated.
The committee chairman also tasked BPE to immediately convene to meeting of relevant stakeholders so that all thorny issues would be addressed.
The committee had earlier visited Zuma Steel Company, Jos, Electricity Meter Company of Nigeria Plc, Zaria and Federal Super-phosphate Fertiliser Company Limited; Kaduna.