Home Business Nigeria’s motorcycle importation has dropped by 42% — NBS

Nigeria’s motorcycle importation has dropped by 42% — NBS

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The National Bureau of Statistics (NBS) has revealed that Nigeria’s spending on importation of motorcycles fell to N212.64 billion in 2022 representing a 42 per cent decline from the N367.39 billion spent in 2021.

The NBS disclosed this in its Foreign Trade in Goods Statistics report which also showed that the importation bill on motorcycles fell quarter-on-quarter by 22 per cent to N46.43 billion in the fourth quarter of 2022 from N59.63 billion in the third quarter.

The declining importation may not be unconnected to a ban on commercial motorcycle operations by Lagos State.

In May 2022, the Lagos State Government banned the operations of commercial motorcycles in ten local government areas in the state. The affected local governments are Ikeja, Surulere, Eti Osa, Lagos Mainland, Lagos Island, Apapa, Kosofe, Oshodi-Isolo, Shomolu, and Mushin.

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