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Manufactured imports rise to N40.94tn, Nigeria exports N4tn goods The Punch
Published 13 July 2021
• Our goods are of high standards but environmental constraints drive up cost – MAN
Between January 2017 and March 2021, Nigeria spent N40.94tn on the importation of manufactured goods.
It earned only N4.22tn on the export of manufactured goods within the same period.
These are according to data obtained from the Foreign Trade report of the National Bureau of Statistics.
In the review period, total value of imports was N66.43tn and total value of exports was N67.30tn. Manufactured goods dominated the import bill but contributed little to the export bill of the nation.
Mustapha Adamu, Bloomberg News Aliko Dangote, president and chief executive officer of Dangote Group, listens during a Bloomberg Television interview on the sidelines of the Bloomberg New Economy Forum in Singapore, on Tuesday, Nov. 6, 2018. The New Economy Forum, organized by Bloomberg Media Group, a division of Bloomberg LP, aims to bring together leaders from public and private sectors to find solutions to the world s greatest challenges. , Bloomberg
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