Latest data from the Nigerian Bureau of Statistics (NBS) has revealed that a total of N9.28tn was spent on the importation of manufactured goods into the country between January and September 2020.

The NBS data released on Thursday, January 7, show that manufactured goods imported into the country rose significantly in the third quarter of last year as the manufacturing sector was hard hit by the COVID-19 disruptions, border closure and the scarcity of foreign exchange.

According to the Central Bank of Nigeria’s (CBN) Purchasing Managers’ Index Survey Report also released on Thursday, the manufacturing sector contracted in the six months to October amid the economic fallout of the pandemic, and although it snapped out of the stagnation in November, the sector shrank again in December.

The NBS data also showed that manufactured goods imported into the country in Q3 were valued at N3.83tn, up from N2.78tn in Q2 and N2.66tn in Q1.


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https://optimistsky.com/nigerians-spent-n9-28-trillions-to-import-goods-in-nine-months-nigeria-bureau-statistics/

Minus looting this country would've been more developed that Dubai

Interesting

Good sum of money to invest in Nigeria...but the atmosphere is not too good

What and what were they importing please? I can tell food, clothes, and luxury will dominate the list.

Nigeria is a consumer nation na, plus we're over 200 million in population so that should be expected.

Naira get money ooooo

Nigeria is useless.
Very useless.
Imagine, producing and shipping from China is cheaper than producing (minus shipping) in Nigeria.
Africa is useless

Lies.

At what point will these Oxford nd Harvard educated economists, World Bank and IMF species realize that the more they import the poorer they render the country.

All their predictions about Structural Adjustments and Devaluations are worse than throwing up a coin to predict economic welfare of Nigerians.

In other words, primary school pupils could have done better.