Some car dealers have expressed mixed reactions to the Federal Government’s revised tariff regime, which includes a reduction in import duties on vehicles.
The dealers spoke to the News Agency of Nigeria (NAN) on Sunday in Abuja.
They said that the policy would reduce vehicle prices, lower business costs and benefit buyers, but noted that its overall impact would depend on other economic factors, including exchange rates.
NAN recalls that the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adeniyi, announced the revised import duties while defending the service’s 2026 budget proposal before the House of Representatives Committee on Customs and Excise.
Adeniyi announced a reduction in import duty on used vehicles from 15 per cent to 5 per cent, while brand-new vehicles dropped from 20 per cent to 10 per cent.
