Revealed! Why importers abandoned imported vehicles in Nigeria ports

  • The Nigerian Customs Service (NCS) has decried the rate of abandoned vehicles at Nigerian ports
  • The service said the development is due to the high foreign exchange rate and naira devaluation
  • Clearing agents have said that the development will lead to a massive selloff of abandoned cars at the ports

Nigerian Customers Service has lamented that vehicle import at Tin Can Islan Port has declined from 32,000 in 2018 to 4,000 in 2023.

The import dropped to 6,000 in 2021 from 32,000 in 2018, declining further to the current 4,000.