Imports Archives

10 unbelievable things Nigeria imports

Countries around the globe frequently partake in the importation of goods, especially when local manufacturing or production cannot meet the demands of a burgeoning population. This global phenomenon underscores the essential nature of importation in sustaining economies. Importation is the process of transporting goods and products across international borders, contributing to the exchange of resources […]

aomenyepdnlimited-com
27th January 2024
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Only four Nigeria states attract foreign investment in Q4 - Report

Agribusiness Oil and Gas

How Nigeria spent N6.7trn on agric imports in five years – NBS

Figures from the National Bureau of Statistic shows that Nigeria spent N6.7 trillion in total over five years on the importation of agricultural goods. According to Nairametrics, this amounts to 7.6% of the N89.2 trillion in imports that were documented over the previous five years. Although government policies toward agriculture have changed throughout the years, […]

bfatoyepdnlimited-com
21st March 2023
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Economy

Experts urge Tinubu to encourage local production to mitigate importation

Bola Wilson Adekumola Financial experts have called on the President-elect, Asiwaju Bola Tinubu, to adopt policies that will enhance the local production to mitigate importation into the country. The experts made this disclosure in separate interviews with the News Agency of Nigeria on Tuesday in Lagos. The former President of the Chartered […]

aadelekepdnlimited-com
21st March 2023
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Economy featured

Imported goods stunting Nigeria’s domestic production – Presidency

Bisola David The Special Adviser to the President on Media and Publicity, Femi Adesina has said that Nigerian consumers should adopt a different mentality and support locally made items, particularly in the agricultural sector, to increase revenue and jobs. The Punch reported that he said this while speaking at a one-day seminar and […]

aadelekepdnlimited-com
28th January 2023
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Policy and Regulations

FG to introduce 0.5% import levy to cushion debt servicing

The Federal Government has said plans are in place to commence a 0.5% levy on imported goods to raise funds to meet its obligations to the African Development Bank, the World Bank and other multilateral organisations. The House of Representatives Committee on Finance made this known in a document tagged: ‘Invitation to a One […]

aadelekepdnlimited-com
25th December 2022
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News

Nigeria imported wheat, ethanol, others worth $626m from US – Report

Nigeria imported wheat, ethanol and other products worth $626.59 million from the United States of America in 2021. This is based on data from the United States Department of Agriculture. According to the data, wheat, along with ethanol and food preparation, ranked first with a total value of $626.59 million. Wine and related products, fish […]

jonuorahpdnlimited-com
28th October 2022
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Nigeria’s exports to Africa drop by ₦631.52bn in

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Tag: Imports