When the cards are played right, direct car importation remains far cheaper and safer than buying from the local Tokunbo market
Used cars, known in Nigeria as ‘Tokunbo’ are what most people are able to afford, regardless of economic status, when the cost of new cars are considered.
It is also not unusual to find a preference for older, higher mileage cars, especially by those who intend to resell locally.
After all
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Caleb Ojewale
Caleb Ojewale is an Assistant Editor at BusinessDay Newspaper in Nigeria, where he also heads Industry and Real Sector, supervising all associated beats/desks.
He is concurrently Editor for Features, Interviews, and the Newspaper's Backpage (Monday to Thursday). He has also been OP-ED Editor and a member of the Editorial Board.
A well rounded business journalist; he is a recipient of multiple local and international journalism awards.
Caleb is a fellow of the University of Oxford and OKP and has bachelor’s and Master's degrees in communication from Lagos State University and the University of Lagos, respectively.
