Vehicle ban: Nigeria loses N1.36 billion in one month

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One month after the Federal Government prevented imported vehicles from entering Nigeria through the land borders, stakeholders across board have started counting their losses. Our correspondent gathered at the Seme border that the losses ran into billions of naira on the part of the government and the importers.

On Monday, December 5, the Nigeria Customs Service announced a ban on the importation of vehicles through the land borders in a move that followed a previous ban on the importation of rice through the same route. The ban on vehicle importation through the land borders took effect on January 1, 2017.

It was gathered that the Seme Customs Command that was making a daily revenue of over N45 million before the ban had lost over N1.36 billion revenue in the past one month as vehicles coming through the land borders were no longer being cleared.

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