New policy influence Nigeria automobile import

Nigeria is the largest market in the area south of Sahara, is the main economic and trade cooperation and partner for China in Africa. As Nigeria transportation main is road, the truck has become an important means of transport in Nigeria, but the lack of its national automobile industry. In order to meet the needs of the domestic automobile market demand, Nigeria imports a lot of truck. Recently, according to the Nigeria federal government new policy on imported vehicles, that importers and distributors to truck used to pay 20% and 2% of the tax, now they need to pay 35% of the tax, so that the total tax rate of 70%. This may affect Nigeria import trucks from other countries, but which also bring another opportunity, China vehicle enterprise can establish factory to obtain more market in Nigeria.