Used tyres sell like hot cake amid safety concerns
Punch Newspapers Sections JESUSEGUN ALAGBE In worsening economic times, it’s little wonder that so many car owners in the country baulk at the cost of a set of new tyres for their vehicles. With a minimum wage of N30,000, which has yet to be implemented in many states; an inflation rate of 16.47 per cent, according to the Central Bank of Nigeria; and a forecasted unemployment rate of 31.4 per cent in 2021, according to Statista, it is no news that the purchasing power of a lot of Nigerians has diminished over the years. The result: many car owners who previously used to afford new tyres for...
Source: punchng.com