Vehicle importation to Nigeria, rise by 86%

Channels Television  
Updated March 2, 2012

The number of vehicles imported into the country is expected to witness an 86 per cent increase from the number imported in February.

Figures released by the Nigerian Ports Authority on Thursday revealed that a total of 8,126 vehicles are expected this month and of this number, 3,126 are used vehicles indicating that more Nigerians are now buying new vehicles.

The total figure is higher by 480 when compared with 7,646 vehicles imported last month.

Dealers attribute the increase between last month and this month to the approval of the 2012 budget by the National Assembly.

The shipping position also revealed that 6,946 vehicles were delivered at the Lagos ports between February 1 and 29, 2012.

The statement also indicated that the remaining vehicles would be delivered in 18 ships.