Wednesday, July 23, 2014

"NIGERIANS AND CAR OWNERSHIP IN THE 21ST CENTURY HUMAN UNIVERSE"

The Punch newspaper of Nigeria reported that about 60,000 new cars and 200,000 used cars are sold yearly in the Nigeria's automobile market in a country of 170 million consumers and the largest economy as well as the consumers' market in Africa. Let us do the simple math here:the ratio is one new car to 2,833 Nigerians and one used car to 850 Nigerians. This data above means that most Nigerians will never own a car either a new one or a used one in their lifetime. It means that most Nigerians will continue to depend totally on the public transport for life. It means that car ownership in Nigeria whether it is new or used is meant for the wealthy and the top middle class Nigerians. It means that cars in Nigeria will continue to be a sign of status quo, well-to-do, luxury and never a necessity in all reality. As long as most Nigerians live below the present poverty line, lack of economic opportunities and earn the poverty wages that are paid to most of the Nigerian workers, then, the Nigerian Dream of car ownership will continue to be a dream for many and never a reality for most Nigerians"‪#‎CarOwnershipWillContinueToEludeMostNigerians

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