As economic hardship bites harder, importation of used vehicles has recorded a significant decline with diesel or semi-diesel engine, of cylinder capacity 2500cc dropping by 65.8 percent year-on-year (YoY) to N354.8 billion in 2024 from N1.04 trillion in 2023. However, the decline also reflects the effect of continuous increase in import duty, levies and taxes on that category …
