OKADA BAN: Traders Hit Hard, Imports Crash by 36%

Written by on September 22, 2022

Traders are hard hit by the ban of motorcycles in several states and the threat by the Federal Government to outlaw commercial motorcycles, popularly called “Okada.”

Motorcycle imports into Nigeria declined by 35.92 per cent in the second quarter of 2022, according to the foreign trade report of the National Bureau of Statistics for the period.

The total motorcycle imports crashed to N47.8bn in Q2 2022, from N74.59bn in Q1 2022.

In Q1 2022, Nigeria imported motorcycles worth N57.17bn from India, N17.34bn from China and N84.63m from Indonesia. In this quarter, it was 1.26 per cent of total imports and was the 6th most imported item.

According to Punch, This decline comes as the Lagos state government has banned “Okada” in many L.G.A’s of the state, total ban in Anambra State and the Federal Governments consideration of  banning the use of motorcycles and mining activities following the terrorist attacks on the Kuje correctional facility on July 5 as well as others recorded nationwide.

Also, in August, Governor Bello Mattawale of Zamfara State, banned the riding of motorcycles from 8 pm to 6 am in Gusau town. He directed security personnel to shoot at the sight of anyone found violating the new order.

“It is not going to be a good policy because you will end up encouraging more crimes while trying to solve some others,” one of the traders of motorcycles in Nnewi, Anambra State, Osita Udume, said.

“It is also going to cause more economic troubles for some of us in the value chain,” he noted.

Reader's opinions

Leave a Reply

Your email address will not be published.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


Current track