Tag: Nigeria’s Vehicle Imports Plunge by 32% Amid Naira Depreciation

Nigeria’s Vehicle Imports Plunge by 32% Amid Naira Depreciation In 2023, Nigeria witnessed a sharp 32% decline in motor vehicle imports, totaling 132,293 units compared to 194,550 in 2022, reflecting the sustained depreciation of the Naira, according to data from the Nigerian Ports