Data from the National Bureau of Statistics says Nigeria’s passenger motor car imports rebounded in 2025, driven by improved foreign exchange stability.
Import values rose to N1.01tn in the first nine months of 2025, up 12.66% from N894.09bn in the same period of 2024.
While this recovery was uneven across the year, Imports declined in the first quarter (down 5.9% year on year) and second quarter (down 12.8%) as importers remained cautious amid lingering FX challenges. However, a sharp turnaround occurred in the third quarter, when imports surged 45.3% to N527.98bn, more than offsetting earlier declines.
Country-level figures highlight the rebound, with the United States emerging as Nigeria’s largest source of passenger vehicles in the first quarter of 2025, particularly for used diesel and semi-diesel cars above 2,500cc.
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