Prices of vehicles in Nigeria will increase in 2021

The prices of vehicles imported into Nigeria will increase from next year once the Fuel Grade and Vehicle Emission Standards Regulations of the Economic Community of West African States.

If approved , the policy is expected to take effect January 1, 2021.

“If approved and implemented as proposed, the regulation will likely have significant negative economic consequences for Nigerian consumers and the economy and will likely have minimal environmental and health benefits for many years to come.”

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