India Becomes Top Motorcycle Supplier to Nigeria, Surpassing China

In the first quarter of 2024, India emerged as the largest supplier of motorcycles to Nigeria, surpassing China with an import value of N73.59 billion, accounting for 63% of total motorcycle imports.

This represents a significant 205% increase compared to the same period in 2023, when imports from India were valued at N24.12 billion.

Nigeria’s total motorcycle imports in the first quarter of 2024 reached N117.4 billion, a substantial 204% rise from N38.6 billion in the same period last year.

China followed India as the second-largest import partner, with an import value of N40.18 billion, marking a 195% increase from N13.64 billion in the first quarter of 2023.

Interestingly, Italy held the top position in motorcycle imports in the first quarter of 2023, with an import value of N105.88 billion, followed by China at N93.01 billion, and India at N51.83 billion.

However, India’s significant growth in 2024 has propelled it to the top spot, surpassing both China and Italy.

This shift underscores the changing dynamics of Nigeria’s motorcycle import market, with India emerging as a dominant player.

About Alimi Micheal

Alimi Tosin Micheal is a seasoned reporter; his general news coverage has appeared in the National Telescope newspaper. He began his career at the national pilot newspaper, focusing on sports and political news. He is a graduate of The Federal Polytechnic Offa Kwara State in mass communication.

Check Also

Kaduna Orders Probe into Alleged Brutalisation of Dan Balki Commander

By Lami Victor, KADUNA | The Kaduna State Government said it has ordered investigation into …

Leave a Reply

Your email address will not be published. Required fields are marked *