The cost of cars in Nigeria is expected to rise following reports that the Federal Government plans to ban the importation of tokunbo (foreign-used) vehicles from the third quarter of 2026. The move is part of a broader policy aimed at encouraging local vehicle patronage and reducing the number of substandard cars on Nigerian roads.

According to the report, the proposed ban is designed to strengthen Nigeria’s automotive industry by boosting local assembly plants and promoting the purchase of brand-new or locally assembled vehicles. Government officials believe this will not only improve vehicle quality and safety standards but also create jobs and reduce the country’s reliance on imported used cars.

However, the announcement has triggered concerns among consumers and industry stakeholders, as tokunbo vehicles remain the most affordable option for many Nigerians. With limited purchasing power and infrastructure challenges still unresolved, the expected increase in car prices could significantly impact mobility and everyday transportation across the country.

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