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Nigeria’s raw material imports surge to ₦3.53trn in six months

Nigeria’s manufacturing sector is increasingly dependent on imported raw materials for survival, a trend that runs contrary to national plans and expectations and is actively undermining the Federal Government’s import substitution policy. Raw materials imports increased by 19.7 per cent, year-on-year to ₦3.53 trillion in the first half of 2025, up from ₦2.95 trillion in […]