Nigeria’s vanishing middle class can no longer afford new cars

by | January 1, 2018 1:38 am

Car dealers in the country recently made the shocking disclosure that they do not expect sales of brand new cars to exceed 10,000 this year. In fact, the sales of brand new cars have been dropping every year since 2013 when it hit 50,000. With an estimated population of 180,000 million, only 10,000 new cars…

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