I second that. That's not just your opinion, that's indeed where you oil it. 2-3 drops of fresh motor oil for every 1-2 hours of use.
There's about 1mm of lateral play between the clutch drum and the bushing, enough for those drops of oil to work into the bushing where it's needed. Do not use an aerosol lube and do not get oil into the friction shoe area (the working innards) of the clutch, that's a no-no.
According to BMI Karts:
Oil the bushing that is located in the sprocket at least every two (2) hours of driving time. You'll have to oil the clutch even more often if you have small children, riding in a small area, never going fast enough to engage the clutch all the way. The clutch continues to generate heat until it engages.
Keeping it oiled is not as big of a deal if you're actually riding your bike instead of letting it sit at idle for long periods of time, but of greater concern if you're goofing off with the clutch half engaged and/or with lots of slippage. I'd wager most new mini bikers have no idea how to service the clutch.
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