See Lamborghini Urus SUV that Nigerian car dealer claims was cleared for ₦64 million

02/19/2020

Posted by: Oluwaseun Solomon

Share this post:
A Nigerian car dealer recently shared invoice details claiming that a whopping ₦64million was paid to clear a Lamborghini Urus SUV in Nigeria.

A Shocking report recently surfaced online about how ₦64 million was paid to clear a 2019 Lamborghini Urus at the Lagos Tin Can Island port. This info was posted by an Instagram user who uses the handle “@carcontinent”.

2019-Lamborghini-Urus-SUV-cleared-at-Lagos-port

Insider source claims ₦64million was paid to clear this brand-new 2019 Lamborghini Urus SUV in Lagos port

Many people will be shocked to realize that the ₦64 million is not even the cost of the car and neither does it include the cost of shipping the SUV from wherever it was imported from into Nigeria. This ₦64 million charge is just the amount that was paid during the clearing process of the vehicle at Lagos port. Isn’t that incredible?

Check out some of the interesting comments dropped by other Instagram users below the “@carcontinent” post;

One user said: “this car is about 70m now and duty is 64m? Are we missing something?”

Another user said:

“2020 Brand new Lamborghini Urus is $207,326 with a destination charge of $3,995, which is N76,789,375, how come they will pay N65m as duty? That’s almost the entire amount of the SUV plus destination charge……no Customs need to calm down first”

Lamborghini-Urus-SUV

The Lamborghini Urus is actually the first-ever SUV model to be made by the luxury brand

>>> Do you know these: Top 8 Nigerian Lamborghini owners & their car prices

Can this ₦64 million clearing charge claim be true?

Well to answer this, we just need to do a simple breakdown analysis of Nigeria’s current import duties and tax levies which we have done for you to see below;

  • 35% surface duty + another 35% additional levy = 70% import duty for brand-new cars imported to Nigeria

So, if we are to even use the $220,000 base price of this SUV then below will be a rough estimate of the total clearing cost to be expected:

TAX TYPE  TAX CODE  AMOUNT (₦) 
35% IMPORT DUTY (SURFACE DUTY)  DTY   25,102,000
35% ADDITIONAL LEVY FOR 1-YEAR-OLD CARS WITH LESS THAN 3,000KM ON THE ODOMETER    25,102,000 
0.5% ECOWAS LEVY   ETL  358,600
 7% PORT LEVY  SUR  1,757,140
 7.5% VAT VAT   9,302,980.5
 TOTAL DUTY  61,622,720.5 

Would you ever pay ₦64 million as clearing cost on an SUV that costs you about ₦76million?

>>> Always check Naijauto daily for more fun automobile-related articles at the -> Auto fun section

Share this post:
Oluwaseun Solomon

Oluwaseun Solomon

Market news

Oluwaseun Solomon is a prolific and diligent automobile writer at Naijauto.com. He's also an experienced digital marketer and a creative multimedia developer that specializes in video editing. He currently contributes informative and easy to read articles on topics covering transportation, traffic updates, auto industry updates, and different car reviews.
When Solomon is not writing, you will either find him composing music, editing videos or simply enjoying YouTube "TEDx Talk" videos with a chilled drink :)

Related Articles

See more
Covid 19