Why Nigeria Is Hub Of Stolen Vehicles, Minister Reveals

The Minister of Finance, Budget and National Planning, Ms Zainab Ahmed, has said that Nigeria is the hub of stolen vehicles.

According to her, a case study revealed Nigeria earned the bad reputation because Vehicle Identification Number (VIN) of vehicles in the country were usually unregistered.

“Consequently, vehicles within the shores of Nigeria cannot be traced.”

The minister also cited a report by the National Bureau of Statistics (NBS) that about 400,000 vehicles were imported into the country between 2015 and 2020.

She however stated that “an additional 40 per cent of the vehicles are smuggled into the country annually”.

These claims were stated by Mrs Fatima Hayatu who represented Zainab at a one-day sensitisation on the National Vehicle Registry (VREG), on Tuesday in Kano.

According to her, the ministry is introducing the National Vehicle Registry (VREG), to address these challenges.

The system, she said, would provide a singular platform through which all relevant agencies reference vehicular data with a view of ascertaining ownership and value information.

She said the system would also assist to ensure accurate monitoring, documentation and tracking of vehicular activities across the country as well as enhance national security.

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