There has been major reduction in the volume of motorcycles imported into Nigeria in the first half of 2022. <\/p>\n
In a new report by the National Bureau of Statistics (NBS), the importation of motorcycles dropped by N93 billion. <\/p>\n
Analysis of quarterly reports of \u2018Foreign Trade in Goods Statistics,\u2019 released by NBS, indicated that importation of motorcycles in 2022 did not reach the average of N150bn of the previous two halves of 2021.<\/p>\n
The report indicates that the trade, which flourished in the first half of 2021 was valued at 213.3bn (N118.5bn and N94.7bn in Q1 and Q2 of 2021 respectively.<\/p>\n
This was followed by N177.59bn of the commodity imported in the second half of 2021 (N116.3bn and N61.2bn, in Q3 and Q4 of 2021 respectively).<\/p>\n
But it dropped significantly to N120.1bn in the first half of 2022 (N72.3bn and N47.7bn, in Q1 and Q2 respectively).<\/p>\n
The downward trend could be connected to the ban of motorcycles for commercial purposes, also known as okada, by state governments as well as a proposal by the federal government to stop its use in the country.<\/p>\n
Government have justified the ban over increased use by criminals and terrorists to perpetrate crimes.<\/p>\n
The Lagos State government had in July crushed 2, 230 impounded motorcycles.<\/p>\n
Similarly, other states like Kaduna, Zamfara, Katsina, and FCT among others have effected a similar ban.<\/p>\n
On its part, the federal government said its decision proposing the ban was due to terrorists using it as a form of logistics for movement and collection of ransom.<\/p>\n
The government through the Attorney General of the Federation, Abubakar Malami said: \u201cThe government would look into the possibility with particular regard to restriction on use and distribution of motorcycles, which is the most conventional logistical means being deployed by terrorists.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
There has been major reduction in the volume of motorcycles imported into Nigeria in the first half of 2022. In a new report by the National Bureau of Statistics (NBS), the importation of motorcycles dropped by N93 billion. Analysis of quarterly reports of \u2018Foreign Trade in Goods Statistics,\u2019 released by NBS, indicated that importation of […]<\/p>\n","protected":false},"author":39,"featured_media":193093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":""},"jnews_override_bookmark_settings":{"override_bookmark_button":"0","override_show_bookmark_button":"0"},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[2],"tags":[83,47406,2537,37966],"class_list":["post-219798","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-insecurity","tag-motorcycle-importation","tag-nbs","tag-okada-ban"],"yoast_head":"\n