Soaring duties, FX rates cripple Nigeria’s used-vehicle market

Vanguard News ·
Economy Trade Nigeria
Nigeria

•As dealers lament sales slump By Glory Bassey Car dealers in Nigeria have lamented a sharp decline in vehicle sales, blaming soaring import duties, high exchange rate and rising cost of living as reasons why car ownership is increasingly becoming unaffordable for many Nigerians. A car dealer and importer, Mr Paul Uche, said the auto […] The post Soaring duties, FX rates cripple Nigeria’s…

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