Nigeria experiencing a decline in vehicle sales largely contributed to by the lack of FOREX and introduction of taxes for vehicles

1. 121/09/2016 © africon GmbH 2016
213
249
270
293
189
139
10
12
12
13
6
5
19
22
25
18
15
11
51
60
60
56
39
28
294
343
368
381
251
184
0
50
100
150
200
250
300
350
400
2011 2012 2013 2014 2015 2016 (est.)
Thousands
Cars Special purpose Buses Trucks Total excl. smuggling Total incl. smuggling
Total inflow of vehicles into Nigeria
Around 381,000 vehicles were sold into Nigeriain 2014.In
2016 this number is estimated to decline to around 184,000.
Total vehicle inflows intoNigeria
(in units – 2011 - 2016)
Source:Comtrade(2016),africonanalysisonsmuggledvehicles(2016),NPA(2011-2016)
Strong decline due
to new automotive
policy and limited
FOREX