Import Expenses for Used Vehicles Fall by 83% to N138.62 Billion
In the first half of 2024, Nigeria witnessed a remarkable decline in its import bill for used vehicles, commonly referred to as tokunbo. According to the National Bureau of Statistics (NBS), the import bill plummeted by 83%, falling to N138.62 billion from N819.15 billion during the same period last year. This drastic decrease raises questions […]