Automotive Report Nigeria
The Economist Intelligence Unit, January 2013, Pages: 13
The local car market is fairly large by developing African standards but tiny compared with those outside the continent. Car ownership is expected to remain below 17 per 1,000 people during the forecast period. However, this number fails to capture second-hand cars imported through the black market, and so actual car ownership is likely to be significantly higher, albeit still a long way below the ratio in more developed countries.
The government has sold most of its substantial shareholdings in domestic vehicle-production facilities, many of which have subsequently ceased production. The shareholders of those that survive are now multinational manufacturers and powerful local shareholder groups, many of which have good political connections.
National stakeholders, such as the Nigerian Automotive Council (NAC), are calling for financial assistance, tax breaks and protection for the national automotive sector. However, the government has proved largely unwilling to intervene. The NAC is now focusing on lobbying for even higher tariffs on imported vehicles.
Industry List: Automotive, Automotive, Commercial and other vehicles, Automotive, Fuel sources, Automotive, Passenger vehicles
Industry Codes (NAIC): 336
Industry Codes (SIC): 37
Automotive Report Nigeria
Market data at a glance
Automotive report
Automotive report: Overview
Automotive report: Passenger cars
Automotive report: Commercial and other vehicles
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