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Jet Motor takes strategic position, deploys tech to drive future of Africa mobility – The Sun Nigeria

Jet Motor takes strategic position, deploys tech to drive future of Africa mobility – The Sun Nigeria
sunnewsonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunnewsonline.com Daily Mail and Mail on Sunday newspapers.

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Potentials of Nigeria's MotorVehicle Production Industry

Potentials of Nigeria's MotorVehicle Production Industry
thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.

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RipplesMetrics: Nigeria's spend on 'tokunbo' vehicles rises 983.3% in 4 years, as govt mulls more imports

In the last four years, the amount spent by Nigeria, Africa’s largest economy, on importation of used vehicles, popularly known as ‘Tokunbo’, has risen by 983.3% to a total sum of over N1.7 trillion.
This comes as the federal government mulls more imports as it concludes a 35% duty cut to 4% for vehicles import into the country, thereby jeopardizing huge investments in local assembly plants.
The amount, which is according to data obtained from various foreign trade report ((2017-2020) released by the National Bureau of Statistics (NBS), also shows that a major chunk of Nigeria’s foreign exchange (fx) has been dedicated to buying used vehicles, with the item ranking an average of third on the value of all imported items within the period. ....

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