April 12, (THEWILL) – Nigeria’s spending on importation of motorcycles fell to N212.64 billion in 2022, representing a 42 percent decline from the N367.39 billion spent in 2021.
The National Bureau of Statistics (NBS) disclosed this in its Foreign Trade in Goods Statistics report.
According to the NBS, the importation bill on motorcycles fell quarter-on-quarter by 22 percent 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 some State governments.
Recall that at the peak of banditry in 2022, most State governments especially in the North, banned the operation of commercial motorcycle.
The Edo State government placed a total ban on the operation of motorcycle in the state capital in 2013.
In Lagos, the state Government in May 2022 banned commercial motorcycles operation in ten local government areas, including Ikeja, Surulere, Eti Osa, Lagos Mainland, Lagos Island, Apapa, Kosofe, Oshodi-Isolo, Shomolu, and Mushin.
Over 2,000 motorcycles of defiant riders were seized after the ban came into effect.
