Nigeria's Vehicle Imports Soar 140% Amid Duty Cuts

In the first half of 2026, Nigeria experienced a 140% increase in the import of foreign-used vehicles, amounting to N633.21 billion, as reported by the National Bureau of Statistics (NBS). This surge is linked to reduced import duties and surcharges, as well as the inefficacy of local vehicle assembly plants.

Despite the increase in imports, motor dealers have reported a decline in patronage, suggesting that the rise in vehicle imports does not correlate with improved sales compared to 2025. Lucky Amiwero, the president of the National Council of Managing Directors of Licensed Customs Agents (NCMDLCA), noted that the lack of a robust domestic vehicle manufacturing industry and the upcoming festive season, which sees many Nigerians returning home, also contribute to the import surge.

He emphasized that the existing assembly plants are not functioning effectively, leading consumers to rely on used vehicles as a more affordable option.