Duty hike: Used vehicle imports drops 40%

Marcus Amudipe
Marcus Amudipe



The Nigeria Customs Service’s Ports & Terminal Multipurpose Limited Command, has disclosed that the introduction of Vehicle Identification Numbers for processing imported automobiles resulted in a 40% decline in imported vehicles in 2022.

According to The PUNCH, this was disclosed by the outgoing Controller of the command, acting Assistant Comptroller General, Suleiman Bomai, on Wednesday.

He revealed that the command generated N229bn as revenue into the Federal government’s coffers in 2022.

He stated that the result represented 96% of the command’s revenue target of N238 billion for the time under review.

According to Bomai, the revenue produced was N5 billion more than the N224 billion collected in the same period in 2021.

“There was a drop in 2022; there was a drop of almost 40 per cent of roll-on-roll-off importation. The shipping lines can also confirm that there was a drop but despite the drop, look at the revenue we got.”

He also noted that certain government rules, such as the VIN, had an impact on automotive importation into through command during the fiscal year under review.

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