18 May 2012

Nigeria: Volume of Vehicle Importation Into Country's Drops in April

The dwindling purchasing power of an average Nigerian has started taking its toll on importation of new and old vehicles into Nigeria through its seaports.

Statistics collated by THISDAY showed that the importation of new vehicles and old ones popularly called "tokunbo" reduced significantly last month.

The statistic showed that in April no fewer than 9,512 units of new and used vehicles made it to the Roll-on, Roll-off (Ro-Ro) ports in Lagos. This showed a marked difference from what was recorded in March this year.

The terminal concessioned to Five Star Limited, Tin Can Island Port (TCIP) recorded the highest volume of importation of vehicles since the beginning of this year.

The statistics showed that Five Star Logistics Ltd played host to most of the imported vehicles, as no fewer than 6,012 units of vehicles were imported into the country through the terminal.

This leaves Standard Flour Mill Limited and Port and Terminal Multiservice Limited (PTML), Tin Can Island Port (TCIP), Apapa with 3,500 units of vehicles.

Similarly, no less than nine vessels loaded with assorted vehicles made it into Five Star Logistics terminals. Two vessels came in with new vehicles on the same day, with a combined total of 2,864 units.

While the vessel named MV Frontier Ace came in with 1000 units of vehicles, MV Amber Arrow came in with 1864 units on April 22, 2012.

Within the period under review, another vessel called Bergamot Ace berthed at the terminals with a 1,000 units of vehicles, just as M.V. Verona came into the terminals with 450 units of used vehicles.

In the same vein, CASV Rio Nevado came in on April 20, 2012 with 643 units of fairly-used vehicles, while Maestro Sun made it to the terminal with 200 units on April 24, 2012. On April 26, 2012, a total of 300 units of used vehicles were imported into the country through the same terminal.

Nigeria Port Authority (NPA) data obtained by THISDAY revealed that Five Logistics Terminal has been consistent with the highest number of imported vehicles in all of the Ro-Ro terminals in Lagos, just as PTML received a total of 2,400 units of unspecified category of vehicles.

It was gathered that Suzuka Express came in with 300 units of vehicles on April 30, 2012 while Grande Ghana came in with 300 units on April 17, 2012.

Other vessels that made it to the terminal of PTML include Grande Angola with 300 units on April 16; Grande Cosco Di Averio on April 11, with 300 units, Grande Guinea with 300 units, while, Republic Di Argentina arrived on April 23 with 300 units and Grande Togo berthed and discharged 300 units.

Also, MV Grande Congo handled 300 units on April 20, while Standard Flour Mills received a total of 1,100 units of vehicles in April when MV. Hoegh Singapore discharged 600 units of fairly used vehicles on April 15, while Hoegh Kyoto brought in 500 units on April 26, 2012.

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