In just six months, Nigerians spent N135.85 billion on motorcycle imports from all over the world.
This was revealed by the National Bureau of Statistics (NBS) in a study on Foreign Trade in Goods that was recently released on its website.
Nigerians spent N61.25 billion on motorbike imports in the last three months of 2021, and another N74.6 billion in the first quarter of this year, according to the National Bureau of Statistics.
“In the first quarter of 2022, manufactured goods mainly imported were’safety or relief valves’ from France and China worth N70.2 billion and N3.30 billion, respectively,” according to the report. “Motorcycles and cycles fitted with an auxiliary motor were followed by motorcycles and cycles fitted with an auxiliary motor.”
The report’s study demonstrates that motorbike import bills have been steadily rising.
Motorcycles worth N117.65 billion were cleared at the country’s ports in the first quarter of 2021 alone.
Following the ban of Okada activities in Lagos State, it is projected that motorbike imports to Nigeria will decrease in the coming months.