Nigeria: China's Car Import Move Tickles Nigerian Market

24 August 2019

Lagos — The Nigerian automotive sector was yet to recover from the defusal to assent to the Auto Policy Bill by President Muhammadu Buhari as news filtered in about plans by China to export used vehicles to African countries, including Nigeria. This move has been generating fears and anxiety in the country's automobile industry.

An automobile communication consultant, Dr. Oscar Odiboh, last week posted a gloomy picture of how auto companies in Nigeria have invested over N2trillion in building assembly plants without getting any return on investment.

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