Automotive Design & Automotive Product Design Renfrew Group

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The current enhance in vehicle smuggling into Nigeria highlighted by the NCMDLCA followed the July 2014 improve in import duties on automobiles from 20% to 70% (together with a 35% levy) for new cars and to 35% for used cars as part of a five-12 months Nigerian Automotive Trade Development Plan (NAIDP) launched in 2013 to revive the country’s vehicle and auto-parts industries. Below the brand new coverage, native assemblers are allowed to import new vehicles at 35% responsibility, to a quantity proportionate to their output, as an incentive to traders.