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Nigeria: From Dumping Ground To Vehicle Manufacturing Hub

Before 2013, Nigeria was Africa’s biggest market for tokunbos—the local name used to describe used cars shipping from Europe and the US. Vehicles (mostly five to 10 years old) were brought into the country through the Lagos seaport, or smuggled through the border it shares with Benin Republic. What fuelled this massive dumping, however, was that the local manufacturing (or assembling) industry was virtually grounded, and investing in a new car was pretty expensive for the average Nigerian.

Nigeria Plans Scheme To Finance Local Automobile Purchase

AFRICANGLOBE - Under Nigeria’s New Automotive Policy, the government is making plans to launch a vehicle financing scheme which will make funds available for Nigerians to buy cars.

South Africa Vehicle Exports Strong In 2012

AFRICANGLOBE - South African new vehicle sales grew by 9.2 percent to 623 914 units when compared with a total of 571,415 new vehicles sold in South Africa in 2011, the National Association of Automobile Manufacturers of SA (Naamsa) said on Wednesday.