Nigerian Importers Say New Vehicle Checks Won't Raise Prices

The Vehicle Conformity Assessment Program (VehCAP) has been introduced in Nigeria to impose stricter checks on imported vehicles and auto parts, with the aim of addressing long-standing concerns regarding substandard imports. Adebiyi Adeshina, Chief Executive Officer of Unique Motor, stated that the policy is unlikely to significantly affect vehicle prices, as importers already adhere to established documentation and valuation processes.

The policy, which is set to take effect on March 31, 2026, will introduce additional compliance steps but is not expected to materially change vehicle prices. Adeshina noted that the current market structure already accommodates compliance costs.

The policy is anticipated to reshape Nigeria's automotive market by tightening standards and reducing the inflow of substandard vehicles. Kayce Orji, CEO of Roxett Motor, highlighted that the policy represents a turning point for the industry, aiming to redefine competitiveness and improve investor confidence.