Context

With the rising cost of brand-new vehicles and the heavy reliance on fairly used cars (tokunbo) in Nigeria, the demand for spare parts seems higher than ever. However, navigating the market requires dealing with fake parts and fluctuating import duties. If you were looking to invest in this sector, would you focus on original imported parts or bank on locally sourced alternatives, and what do you think is the biggest challenge to succeeding in this business right now?