The number of cars and other vehicles imported into Nigeria dropped sharply in February from 11,563 in January to 7,400 units in February showing a decline of 38 per cent.
There is also a drop in the number of vessels laden with imported vehicles that arrived at Lagos ports in the last 30 days compared to what was recorded since the beginning of the year, according the data collected from the Nigeria Ports Authority (NPA).
The number of cars and other vehicles imported into Nigeria dropped sharply in February from 11,563 in January to 7,400 units in February showing a decline of 38 per cent.
There is also a drop in the number of vessels laden with imported vehicles that arrived at Lagos ports in the last 30 days compared to what was recorded since the beginning of the year, according the data collected from the Nigeria Ports Authority (NPA).
Fewer RORO vessels called at the PTML and Five Star Logistics terminals, Nigeria’s leading automobile terminals at Tin Can Island port, Lagos.
Some of the operators, who spoke with our correspondent, attributed the decline to the effect of the new National Automotive Policy. They claimed that the raise in tariffs on imported vehicles, especially car might have begun to deter car importers from using the seaports.
Cars are now being cleared at the Tin Can Port at 35 per cent tariff as the Customs begins to effect the first phase of the tariff hike.
The NPA statistics revealed that in the last two weeks only three vessels laden with vehicles had called at the terminal, a situation that has made the various car parks to be almost empty of imported vehicles.
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