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Nigeria’s Import Bill Grows As Exports Remain Oil-Dependent
The National Bureau of Statistics says Nigeria’s trade balance in the third quarter of 2021 amounted to a deficit of N3,023.50 billion as the value of imports continued to outpace exports,
The deficit was an increase of 26.53% compared to the same period in 2020.
Total imports in the third quarter grew to N8,153.79 billion, showing an increase of 17.32% quarter on quarter and 51.47% on a year-on-year basis.
The deficit was an increase of 26.53% compared to the same period in 2020.
Total imports in the third quarter grew to N8,153.79 billion, showing an increase of 17.32% quarter on quarter and 51.47% on a year-on-year basis.
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By Africa Business RadioThe National Bureau of Statistics says Nigeria’s trade balance in the third quarter of 2021 amounted to a deficit of N3,023.50 billion as the value of imports continued to outpace exports,
The deficit was an increase of 26.53% compared to the same period in 2020.
Total imports in the third quarter grew to N8,153.79 billion, showing an increase of 17.32% quarter on quarter and 51.47% on a year-on-year basis.
The deficit was an increase of 26.53% compared to the same period in 2020.
Total imports in the third quarter grew to N8,153.79 billion, showing an increase of 17.32% quarter on quarter and 51.47% on a year-on-year basis.