Nigeria’s $4.5 Billion Annual Vehicle Import Bill Highlights Urgent Need for Local Production
Nigeria currently spends approximately $4.5 billion annually on vehicle imports, a figure that underscores massive unharnessed investment opportunities within the domestic automotive sector. Chibedu Oguegbu, Managing Director of Omma Automotive Company, disclosed this during a capacity-building workshop for the House of Representatives Press Corps in Abuja on Tuesday, February 24, 2026. Delivering a paper titled […]