Nigeria’s motorcycle imports surge by 204% in Q1 2024 on weak naira, India overtakes China as top supplier

Data from the National Bureau of Statistics reveal Nigeria recorded $79 million as import cost for motorcycles in the first quarter of 2024.

The figure represents a 204% increase from the $26 million recorded in the same period in 2023, reflecting the depreciation of the naira.

Read more at Nairametrics