80% of Nigerian Tyre Market Imported

An estimated 80 per cent the 3.3 million tyres used in Nigeria are imported, according to Dunlop Nigeria Plc, Nigeria’s only domestic tyre manufacturer. The company also said over 150 different brands of tyres are imported into the country from Europe and Asia, among others. Dunlop Nigeria Managing Director Mohammed Yinusa blamed the figures on 10 to 50 per cent import tariffs on truck and car tyres: “What do we do without having to import? Our understanding is that the nation is interested in creating jobs and policies should propel the economy to employ many people, and by extension there will be social peace in the country.”