BY SULE TAHIR
Nigeria’s spending on the importation of motorcycles fell to N212.64 billion in 2022 representing a 42 percent increase from N367.39 billion spent in 2021.
The National Bureau of Statistics (NBS) disclosed this in its Foreign Trade in Goods Statistics.
The decline in the importation bill occurred the same year that Kano, Kaduna, and Lagos State Governments banned the operation of commercial motorcycles, also known as Okada, on major roads.
The state governments had blamed insecurity and multiple accidents involving motorcycles as reasons for the ban. This led to many losing their source of income.
In the year of the ban wave across these states, data from the statistics bureau showed that the value of motorcycles imported into the country nosedived from N367.39 billion expended in 2021 to N212.64 billion last year.
