Operators Worry as Tokunbo Cars, Revenue Drop

Grace Ihesiulo
1 Min Read

Vehicle importation into the country has again worsened as the biggest roll-on-roll-off terminal in the country, Ports & Terminal Multipurpose Limited expects just 1,050 units of cars in 11 days, the daily shipping position of Tuesday has revealed.

The document obtained by the PUNCH showed that between October 16 and 27, a total of 1,050 used vehicles were expected to arrive at the terminal.

Read Also: FG harps on transparency for Mining licences to attract more investors

The sharp drop in import has been attributed to shortage of foreign exchange in Africa’s largest economy.

- Advertisement -
Ad imageAd image

Daily Shipping Position is a document showing the vessels coming into the country, the name of the vessel, time of arrival, port of destination, and what the vessel is carrying.

For more news update follow us on www.newstowerhub.com

Share this Article
Leave a comment