Nigeria's imports of passenger motor vehicles rose sharply by 145.6 per cent year-on-year to N1.18 trillion in the first half of 2026, from N479.26 billion in the same period of 2025. According to the National Bureau of Statistics (NBS), the increase contributed significantly to the expansion of the country's transport equipment import bill. Overall, Nigeria imported transport equipment and parts valued at N3.73 trillion during the six-month period, up 44.2 per cent from N2.59 trillion in the first half of 2025. Transport equipment imports rose from N1.75 trillion in Q1 2026 to N1.99 trillion in Q2 2026, while passenger vehicle imports increased from N552.34 billion to N624.75 billion.
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