Nigeria currently imports about 400,000 vehicles into the country every year, made up of 100,000 new cars and 300,000 used cars. The total import bill was estimated at about US$3.5 billion in 2012 excluding the costs of vehicle parts making this sector the 2nd largest user of Nigerian foreign exchange.he Auto-mobile Sector is a key component of the Nigerian Industrial Development Plan.

There are currently investment opportunities in the following sub-sectors; OEM assembly operations, welded parts, electronics, radiator, cables, filters, etc..