FG Moves to Formalise Vehicle Recycling, Introduces New Auto Import Rules

Nigeria’s Federal Government is preparing to unlock a major new revenue stream by formalising the country’s largely informal vehicle recycling sector, with projections showing the initiative could generate more than ₦150bn annually from 2026. The plan was unveiled by the National Automotive Design and Development Council (NADDC), whose Director-General, Joseph Osanipin, said the strategy is […]