Nigeria's Q1 2024 vehicle imports dropped by 45% due to forex challenges, per the Nigeria Customs Service.
Nigeria's vehicle imports dropped by 45% in Q1 2024 due to forex challenges, as stated by Comptroller General of the Nigeria Customs Service, Adewale Adeniyi. The foreign exchange issues caused car dealers to experience a significant decrease in imported vehicle volume. However, there was a degree of stability in Q2 with discussions at the National Assembly and stakeholder involvement helping to address the issue.
July 04, 2024
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