Nigeria’s Used Vehicle Imports Plummet 65.8% in 2024 Amid Economic Hardship and Soaring Import Costs

Nigeria’s used vehicle import sector has recorded a drastic decline as economic hardship continues to erode consumer purchasing power, and rising import costs make vehicle ownership increasingly out of reach for many Nigerians. Data from the National Bureau of Statistics (NBS) reveals that importation of used vehicles with diesel or semi-diesel engines, of cylinder capacity [...]The post Nigeria’s Used Vehicle Imports Plummet 65.8% in 2024 Amid Economic Hardship and Soaring Import Costs appeared first on Tekedia.

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