National Automotive Design and Development Council (NADDC) has disclosed that the Nigerian vehicle market is dominated by pre-owned (popularly known as tokunbo) vehicles by 90 percent. Speaking at the weekend in Abuja, the Director of Media, Mrs Susan Taiwo, in a paper presentation said high cost of brand-new vehicles…

…and Investment and copied to the National Automotive Design and Development Council (NADDC), the association argued that while the new fiscal measures promote trade liberalisation, they do not provide the level of industrial support required to sustain local vehicle assembly and component manufacturing. The document, s…