Nigeria Auto Plants Operate at 5% Capacity as Tokunbo Dominates
By Oluwakemi Kindness More than 30 automotive assembly plants in Nigeria are operating at just 5% of their combined capacity as imported used vehicles, popularly known as tokunbo, continue to dominate the market. The situation has left about 570,000 units of potential annual production unrealised, according to the National Automotive Design and Development Council (NADDC). […]
Customs to Implement Green Tax Surcharge July 1
By Oluwakemi Kindness The Nigeria Customs Service (NCS) will begin nationwide implementation of the Green Tax Surcharge on July 1, 2026, as part of efforts to promote environmental sustainability and reform Nigeria’s vehicle import system. The policy is aimed at reducing carbon emissions, encouraging the importation of cleaner vehicles and aligning Nigeria’s environmental practices with […]