Nigeria spends ₦146bn to import motorcycles in three months, says NBS

Nigerians are buying more motorcycles than ever, with imports surging to ₦146.11 billion ($96 million) in the first quarter of 2025, according to official data.

The figure, released by the National Bureau of Statistics (NBS), marks a 24.4% increase from ₦117.4 billion in the same period last year. That’s an extra ₦28 billion spent in just three months.

Most of the motorcycles were shipped from India and were mainly small-engine models, ranging from 50cc to 250cc, often sold in complete knockdown (CKD) form for local assembly.

Economists say the jump reflects rising demand for affordable transport as fuel prices remain high and public transport systems struggle. “Motorcycles remain a lifeline in many Nigerian cities,” said Lagos-based analyst David Olaniyi. “They’re quick, adaptable, and cheaper than cars, especially for delivery and commercial use.”

Beyond motorcycles, Nigeria spent ₦7.8 trillion on imported goods in Q1 2025. This included used vehicles, herbicides, polypropylene, and voice or data processing machinery. That accounted for 21.67% of the nation’s total trade for the quarter.

Analysts warn the growing import bill could put pressure on Nigeria’s foreign reserves. However, some believe the demand also signals opportunities for local manufacturing and job creation in the assembly sector. “If Nigeria can move more of this production onshore, it could save foreign exchange and create thousands of jobs,” Olaniyi added.

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