Nigeria Imports $1.80bn Low Grade Vehicles In 1 Year

Importation of used vehicles by Nigerians from United States has soared by 60.4 per cent from $715.39million in 2018 to N828billion ($1.80billion) in 2019. Total global vehicle importation into the country was $2.24billion in 2018 and $5.63 boillion in 2019. Following massive car theft at United States ports, the CBP has embarked on conducting outbound cargo examinations at the nation’s ports.
 
It was learnt that some of the vehicles are being shippied to Nigeria and other West African countries. The CBP said that it had recovered 1,082 stolen vehicles between October 2019 and September 2020, noting that of those cars, 833 or 89 per cent was destined to Nigeria, Benin, Gambia, Ghana, Guinea, Ivory Coast, Liberia, Senegal, Sierra Leone, and Togo…
 
More details through:
https://www.newtelegraphng.com/nigeria-imports-n828bn-low-grade-vehicles-in-1-year/
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