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60% drop in vehicle importation caused by high duties – PTML

The Ports & Terminal Multipurpose Limited has attributed the 60% decline in vehicle importation in the first half of 2024 to hefty import duties and levies on used automobiles. The PTML’s General Manager, Mr Tunde Keshinro, revealed a document showing that car importation fell from 45,000 units in the first half of 2023 to 18,000 […]