Car importers in Nigeria have experienced a sharp rise in the cost of clearing foreign used vehicles at the nation’s ports in the past days following the reintroduction of the VIN (Vehicle Identification Number) valuation system by the Nigeria Customs Service and the addition of a 4% FOB (Free on Board) levy.
Nairametrics gathered from multiple importers and clearing agents that the VIN valuation system was reintroduced in the week before August 4, 2025, while the 4% FOB levy was implemented in the week starting August 4, 2025.
These two developments have pushed clearing costs significantly higher, with importers warning that the additional burden is already being passed on to end consumers in the form of higher vehicle prices.
