Soaring duties, FX rates cripple Nigeria’s used-vehicle market

•As dealers lament sales slump By Glory Bassey Car dealers in Nigeria have lamented a sharp decline in vehicle sales, blaming soaring import duties, high exchange rate and rising cost of living as reasons why car ownership is increasingly becoming unaffordable for many Nigerians. A car dealer and importer, Mr Paul Uche, said the auto […] The post Soaring duties, FX rates cripple Nigeria’s used-vehicle market appeared first on Vanguard News.