Nigeria’s Vehicle Imports Surge 146% to N1.18tn in H1 2026, Overall Transport Equipment Import Bill Soars
Nigeria’s imports of passenger motor vehicles rose sharply by 145.6 per cent year-on-year to ₦1.18 trillion in the first half of 2026, from ₦479.26 billion recorded in the corresponding period of 2025.
Nigeria's vehicle imports surged by 146% to N1.18 trillion in H1 2026, significantly contributing to a 44.2% rise in the overall transport equipment import bill. Passenger motor vehicles experienced the strongest growth, with import values more than doubling within a year. Other transport equipment, including industrial and non-industrial transport, also saw substantial increases.
However, imports of vehicle parts and accessories declined by 4.4%. The surge in imports was driven by federal measures to reduce transportation costs and encourage the adoption of vehicles powered by alternative fuels, such as waiving import duties on electric vehicles and compressed natural gas.
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