Nigeria imported N2.78tn manufactured goods in Q2 –NBS

Nigeria imported N2.78tn manufactured goods in Q2 –NBS

Nigeria imported manufactured goods worth N2.78tn while the total export component was N254.2bn between April and June. According to figures obtained from the National Bureau of Statistics on foreign trade statistics for the second quarter, this amounted to a difference of N2.52tn in the period under review. According to the NBS, N757.99bn, N885.98bn and N1.14tn manufactured goods were imported in April, May and June respectively. It also revealed that N137.06bn, N82.07bn and N35.03bn were exported in April, May and June respectively. The NBS stated, “The value of manufactured goods trade…

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