The total number of vehicles discharged from Lagos ports have dropped to 8,000 units in January 2015, from 27,000 units in January 2014. This 63 percent decrease is an indication that Nigeria’s automotive policy has begun taking its toll on car imports.

Dr Vicky Haastrup, the Chairman of Seaports Terminal Operators Association of Nigeria (STOAN), speaking in Lagos on Monday, explained that some government policies on importation were affecting the volume of cargo handled at ports. “It must be noted, though, that in the first half of 2014, the volume of vehicles imported was extremely high in anticipation of the introduction of the new duty regime on vehicles. The average number of cars and vans imported for previous years was in the range of 20,000 units per month.”

She also explained that in the Cotonou port, the total number of cars and vans discharged in January 2015 was 30,000 units, as against 20,000 units discharged in January 2014. This represents a 50 percent growth.

“This means Cotonou is gaining from Nigeria’s loss due to the auto policy as more importers are discharging there. These vehicles will eventually find their way into the Nigerian market,” she added.

The National President of the Association of Nigerian Licensed Customs Agents (ANLCA), Prince Olayiwola Shittu, during a visit to the terminal in Lagos last week, recounted his disapproval over what he considers a counter productive strategy. “We have  always been critical of this automotive policy and we have not changed our position. By the time April comes and the 35 percent levy is added, it will be a problem because there will be no cargo through here, our people will lose jobs and we will lose the whole revenue.”