Car Imports Up: But Is Production Under Threat?

Nigeria's vehicle sales are returning to health after credit restrictions hit the market in 2009. Figures from the country's port authorities show vehicle imports were up 78% year-on-year (y-o-y) in the first five months of 2011, which is seen as a sign of growing consumer confidence following Aprils' elections. However, BMI is concerned that the data is not such a good sign for the development of the domestic production industry, which has been a priority for the

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