New tariff slash offers slim relief for car buyers

    Juliet Onyema | Editor’s picks | Apr 21, 2026    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
5222
times

Nigeria’s decision to lower car import tariffs to 40 percent under its latest fiscal policy measures promised a breakthrough for consumers, but the reality is proving far more stagnant. While the federal government’s cut suggests a downward trend, car prices are unlikely to see a meaningful drop as the weight of foreign exchange volatility, port charges, and dealer markups keeps costs high.

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
support_agent