Auto Tariffs Are Down From 30% To 5% In Nigeria

- Jan 18, 2021-

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Nigeria's new financial law will reduce import duties on automobiles from 30% to 5%, trucks from 35% to 10% and tractors from 35% to 5%, according to Nigeria's "attack" on January 15.

According to the attack, this is not good news for the 65 licensed car assembly plants in Nigeria.

There are automobile assembly plants, seat manufacturers, battery manufacturers and automobile rod manufacturers in Nigeria.

Nigeria's automobile assembly industry has attracted more than 1 billion US dollars of investment and created 6000-10000 jobs.

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