We’ll learn the primary causes of Nigeria’s ranking as the top country for used automobiles in the globe before I continue. First off, I’d like you to be informed or aware that Nigeria will have 206,139,589 people living there as of 2020.
Do you believe there are any certain numbers of automobiles that can satisfy or be enough for this number of people or population in the country (Nigerian) given the population mentioned above?
The major reason Nigerians developed the practice of importing or purchasing numerous vehicles into the nation was due to these rising numbers.
In actuality, when compared to other nations in the world, Nigeria has the fourth-highest level of road traffic, if not the fifth.
Contrary to our celebrities or well-to-do individuals in the state, most of them have embraced the practice of buying new or improved versions of every automobile and bringing them into the nation. For this reason, Nigeria has consistently ranked among the top nations in the world for car consumption.
Because it’s so simple to observe a new or updated version of every automobile being brought into Nigeria, in my opinion Nigerians spend more to own or acquire every edition of new cars.
I’m confident that we already have some new versions of each automobile in the nation, starting from this time period of December down, as we slowly approach 2021 in a few days.
Although Nigeria, which ranks as the nation with the greatest automobile ownership worldwide, this has never been a poor idea. More and more tasks are completed in a split second as we adopt this lifestyle. Using the premise that you can drive yourself there, you will be able to get there faster than you could with public transit and in less time.
I won’t mention airplane because not everyone can afford to travel by it, but cars are one of the most popular forms of longer transit. However, an automobile makes traveling across the nation or to a neighboring country possible in a matter of hours. This has been the major reason why Nigerians have chosen to purchase additional types of automobiles, often upgrading them to suit their demands.
Like I mentioned previously, there is never a poor concept, but anything that has benefits also has drawbacks. After reading the aforementioned advice, we should now consider the benefits and drawbacks of having many automobiles in the nation (Nigeria).
Particularly, the more automobiles we have in the country, the more problems we may experience with slower movement or going inside the nation because of significant delays and means of appeasing others. For instance, a route with 5 moving automobiles will function better than one with 10 to 15 moving cars. In this case, the benefits are obvious when compared against the drawbacks.
The following list of drawbacks of owning several automobiles in Nigeria is meant to educate or move you about the two separate categories.
Benefits Of Having A Lot Of Cars In Nigeria.
If every Nigerian had a car, it would be very simple to transport people, products, and other objects from one place to another. This is due to the fact that you will spend less time waiting for an available automobile and be able to do tasks at merely a closer distance.
Yes, it has been ingrained in our culture that, if I may so say, we are unable to function without a vehicle, and many people have become interested in using this as a means of generating additional income by working as hirers. Remember that not everyone in Nigeria can afford to buy a car, which is why the majority rent when they move.
3. Save Time:
The widespread use of automobiles in Nigeria has lately prevented tens of thousands of people from becoming stranded. This has also enabled the business to provide greater customer service than previously. There isn’t a firm in Nigeria that doesn’t have a car, if not the most recent model, at least one that is in excellent enough shape to assist with everyday tasks.
After outlining the benefits of Nigeria’s high automobile ownership rate for you, we’ve come to the stage where we’ll also discuss its drawbacks.
The Drawbacks Of Nigerian Automobile Ownership.
One of the main issues in the State (Nigeria) at the moment is traffic, which makes it take longer to go to distant locations due to the increased amount of traffic. The more automobiles that are imported into the nation, the more everyday traffic there may be.
2.Decreasing The Country Economy:
Does the number of automobiles in the nation increase or reduce the economy?, A nation with 20,000 total vehicles is better equipped to sustain its resources than one with 20,000 vehicles. The more automobiles there are in the state, even though her country’s daily fuel price for cars is only 20 liters.
When citizens develop the habit of bringing in a lot of automobiles, autos become a liability for a nation. Liability arises when it is claimed that the cost of keeping those vehicles has grown to be a very substantial budget expense for either the nation or the owner. Even a corporation with several automobiles will find out that they are losing money compared to the prior year after the year’s estimates are complete.
And what has become a liability to an individual or business appeared to them to be a significant budget loss. When considering other expenses, including autos in the monthly budget seems difficult and is much more of a hassle than just owning one car.
With the aforementioned justifications and arguments, I suppose you can understand why Nigeria is ranked as one of the nations with the highest percentage of used automobiles in 2020.
A nation with a population of 206,139,589 is far more capable of using more vehicles as transportation than you might imagine. But this raises certain problems, such as the fact that not everyone in the nation can buy a car, and that only a small percentage of those who can do so often own four to five vehicles at once.