A breakdown of the data shows that passenger cars accounted for the bulk of the inflow, with Nigeria importing vehicles worth $727m year-to-date in 2025, compared with $411m in the same period of 2024. Imports of trucks, buses, and special-purpose vehicles more than doubled within the period under review, rising from $30m in the first 10 months of 2024 to $63m in 2025. Vehicle parts also recorded a strong increase, climbing from $103m year-to-date in 2024 to $195m in 2025. Passenger cars accounted for $102m of the October total, while trucks and buses stood at $8m and parts at $26m. In contrast, October 2024 imports from the US stood at $83m, against $59m in September of that year, with passenger cars alone accounting for $65m.

Source: Punch January 25, 2026 06:33 UTC