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IMPORTATION AND CONVERSATION OF RIGHT HAND DRIVE CARS/ VEHICLES IN NIGERIA; THE OPPORTUNITIES.
An investment opportunity arises as a result of so many factors which include change in government policy, market size, technology and other such factor. The importation and conversation of right hand cars/ vehicle is no doubt one of such investment opportunities created as a result of government policy that encourages the use of left hand drive in the late 1970’s.
Due to the fact that less countries use the right hand drive system compared left hand drive system, cars built on the right hand drive system have less market and at such sell for less in the market. This situation creates an opportunity for interested investors to purchase the automobiles from abroad, ship them to Nigeria and perform the conversation of the automobiles to left hand drive system, a technology that has been mastered over time and the resulting automobile sold at the same price the left hand drive automobile is going for in the market.
Interested investors are advised to start with transit bus and other vehicles that can be used in transportation business because of the vital role and ever increasing demand for transportation in Nigeria. Also the investor can target other low and middle budget cars in order to capture the middle class in the country.
Some of the countries where the right hand drive cars/ vehicles can be sourced include Britain, Japan and South Africa. Apart from sourcing from direct individuals and companies in these countries, there are websites that are involved in the sales of cars where the investor can get really cheap cars for sale like auction site and eBay.
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Report Title: CAR STEERING CONVERSATION IN NIGERIA
Product Code: FOR A/08/2011/16
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