Over 2,000 members of the Association of Motor Dealers of Nigeria (AMDON) lost their jobs to the outbreak of COVID-19 pandemic, The Nation learnt yesterday.
The figure does not include those that indirectly live on the vehicle import businesses, who also lost their jobs to the pandemic and adverse effect of 35 per cent import duty hike since 2018.
Stressing that the situation has taken a toll on the dealers, its National President, Prince Ajibola Adedoyin, told The Nation in Abuja that the policy has increased the cost of vehicles by 80 percent.
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On the pandemic, he said “The coming of COVID too, affected it. I can tell you that gradually, people are moving out of it. One, affordability is another thing because those that were managing to buy to resell and go back cannot.”
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