Nigeria's Used Vehicle Imports Surge 104% Amid Duty Cuts
Data from the National Bureau of Statistics (NBS) revealed that Nigeria's used vehicle imports rose by 104% year-on-year, reaching N633.21bn, up from N263.46bn in 2025. Compared to the second half of 2025, this represented a 31% increase.
In total, Nigeria spent N748.07bn on car imports in 2025, which was N114.86bn more than the first half of 2026. The first quarter of 2026 saw N284.0bn spent on imports, increasing to N349.14bn in the second quarter, marking a 23% rise.
The U.S. was the primary source of these imports, accounting for N491.52bn, followed by Canada (N18.2bn), the UAE (N17bn), China (N16.14bn), Belgium (N7bn), and Italy (N6.64bn). The increase in imports comes amid concerns over the dumping of used vehicles in Nigeria, despite the presence of local vehicle assemblers.
Contributing factors include reduced import duties and the upcoming 2027 elections, which have prompted vehicle distributions for campaign purposes.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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