Vehicle imports down 40% due to soaring customs fees

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Between January and October this year, the number of imported vehicles imported into the country via Ports & Terminal Multipurpose Limited decreased by about 40% compared to the same period last year. A total of 192,287 vehicle units entered Nigeria during the first ten months of 2021, while only 114,159 were imported through the same terminal during the same period of 2022. The terminal is responsible for importing most vehicles from Nigeria. According to documents obtained exclusively by our correspondent from Muhammad Yakubu the customs spokesman in charge of the PTML terminal, from January 2021 we have more than 167 ships in port by October, compared to 122 during the same period this year. Only 122 of ships were in berth. registered. The document also showed that the terminal recorded a total of 30,560 containers in the first ten months of 2021. This is 24,181 for a similar period this year. These figures show a severe drop in activity at the terminal, known as Nigeria’s roll-on roll-off terminal, which passes through nearly 85% of imported vehicles entering the country. Customs officers working in the country’s maritime industry blame inconsistent government policies and newly introduced vehicle identification numbers for customs clearance of imported vehicles as reasons for the decline. Thomas Alor, chairman of the PTML chapter of the National Association of Government Approved Freight Forwarders, also blamed government levies on imported cars for the drop, saying VINs aren’t giving them what they paid for. He said, “The tariffs they have imposed on imported used cars are affecting car imports. VIN ratings do not give us the value we are currently paying.

Samuel Alexander

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