Nigeria imported used vehicles worth N532bn in nine months — Report

bonded vehicle terminals.
PHOTO CREDIT: SHIPS & PORTS archive

 

The total worth of used vehicles Nigeria imported between January and September 2021 is N531.7 billion, according to a report released by the Nigeria Bureau of Statistics.

Other items imported by the country as of September 2021 included premium motor spirit (petrol) which amounted to N2.52 trillion, wheat which was worth N898.2 billion and gas oil which totalled N499 billion.

In the data, antibiotics gulped N481 billion, machines guzzled N348.28 billion, while motorcycles and related vehicles were imported at N329.6 billion.

Nigeria is the African country importing the most used vehicles from the United States, and the third in the world, according to a report by the United Nations Environment Programme (UNEP). The report said Nigeria ranks just below the United Arab Emirates (UAE) and Mexico.



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