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Weak Export Drags Down Nigeria’s Trade Balance By 86% - Politics - Nairaland

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Weak Export Drags Down Nigeria’s Trade Balance By 86% by BrandSpurNG: 4:19pm On Dec 07, 2022
Nigeria’s export declined by 19.8 per cent to N5.93 trillion in the third quarter of 2022, from N7.4 trillion in the prior quarter.

As a result of the decline in the country’s export sector, the total foreign trade recorded a 10 per cent decline to N11.59 trillion in Q3’22 from N12.84 trillion in Q2’22.

According to reports from the National Bureau of Statistics, (NBS), Foreign trade in goods Statistics report for Q3’22.

While on the import side, the bill rose 4.2 per cent to N5.66 trillion from N5.43 trillion; consequently, the country’s importation grew.

“The trade balance in the period under review stood at N269.34 billion”, the report stated.
https://brandspurng.com/2022/12/07/weak-export-drags-down-nigerias-trade-balance-by-86/

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by Slawomirr: 5:56pm On Dec 07, 2022
Damnnn niggar

Isoright

1 Like

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by YodeTechNg(m): 5:56pm On Dec 07, 2022
Slawomirr:
Damnnn niggar
Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by StrongAlphMale: 5:56pm On Dec 07, 2022
Nigeria is a failed State under the lifeless One imposed to us by Tinubu 

I keep asking...On what grounds would APC want Nigerians to vote for the party come 2023?

Anyone campaigning for APC despite their bloody failure should be seen as an enemy of Nigeria! 

Nigeria says NO to old ancestors! Peter Obi is the best candidate we have now!!!!

17 Likes 1 Share

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by Barrywhite8620: 5:56pm On Dec 07, 2022
Just be calling money here and there... person no dey use eye see anything undecided undecided

1 Like

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by coolcharm(m): 5:57pm On Dec 07, 2022
Well, we can blame it on weak export, but the issues ravaging this country is deeper than that.

In Nigeria, Government is not an institution but a person.

Our institutions are weak, and our politicians know this.

When government build roads, we think it's a privilege.
When salaries are paid, we count it as a blessing.
When we receive or experience anything near normal, like quality healthcare, social amenities, security e.t.c, we are excited and feel privileged.

We've been see trodden upon and broken and abused as a people that we have no clue of our rights and what we deserve. So we find it difficult to make a distinction between that and privilege.

We talk about everything, bit we act on nothing. The people holding our leashes (the politicians and cartel) know this, so they don't flinch when we rant. They know they'll get away with almost anything.

How do you justify over 50 years of oil production without functional refineries?

Over 300 universities and other institution of higher learning, yet no industries? Not even processing industries?

When young graduates talk about business, 80% of the time, it's either they're selling human and Brazilian hair, thrift, importation of fake and substandard junks from china, MLM e.t.c how do you grow export with all of that?

The few that venture into agriculture, can go all in because of insecurity.

Infact, I'm loosing my cool as I type this, let me stop.

When we are tired of deceiving ourselves, we will wake up and catch up.

9 Likes 1 Share

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by fajob: 5:57pm On Dec 07, 2022
Ok
Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by dchamp234(m): 5:57pm On Dec 07, 2022
This is buhari's and APC 's doing, closing the borders was one of the major reason export became a great problem....

3 Likes 1 Share

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by sulaak(m): 5:58pm On Dec 07, 2022
NBS should give us the unemployment rate.

1 Like

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by Tingotoe: 5:58pm On Dec 07, 2022
The dangers of a developing economy being too dependent on imports cannot be overstressed. Buhari tried his best to curb this ugly trend by closing the borders and limiting importation. Now we have a frontline presidential candidate who wants to reverse this policy so he and his kinsmen can make private gain at the expense of our local production and exports. He must be resisted by all means necessary

1 Like

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by kushma(m): 5:58pm On Dec 07, 2022
After claiming that they will change the economy for consumers to producers, still our export rate is poor
Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by RepoMan007: 5:59pm On Dec 07, 2022
No surprises.

1 Like 1 Share

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by DeltaOil: 5:59pm On Dec 07, 2022
This why we need people who can generate revenue oh.

We need an igbo man good with money.

6 Likes 1 Share

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by Blue3k(m): 6:00pm On Dec 07, 2022
sulaak:
NBS should give us the unemployment rate.

They always stop right b4 elections. Foolish people never notice.


● In the 2019 election The last unemployment stats was published for 2018:

● For this upcoming 2023 election we only have 2020 unemployment numbers.

https://www.nairaland.com/7371819/notice-nbs-hides-unemployment-crime#117361362

1 Like

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by KennethEnyi(m): 6:00pm On Dec 07, 2022
Useless country

2 Likes 1 Share

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by Gbeng30(m): 6:00pm On Dec 07, 2022
This administration doesn't know anything about productions and export, they only know how to consume and steal the resources of the country...

2 Likes 1 Share

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by WorkSmartEdu: 6:03pm On Dec 07, 2022
APC is a crime against humanity. Any vote for tilumbu or Atifku is a wasted vote from a tribalistic or evil heart. Peter Obi is the next president of nigeria.

2 Likes

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by atdscentofwater: 6:04pm On Dec 07, 2022
we should invest more in exportation
Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by Igba123: 6:16pm On Dec 07, 2022
Obi will change it. Nigeria, your trouble is coming to an end. Jubilee is on the way. We enjoy God's grace, let's join ✋ with Obi to change the trajectory. God bless Obi datti
God bless obidients
God bless Nigeria

3 Likes

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by Betanaija42moro: 6:18pm On Dec 07, 2022
Obi is the answer.

At this time, Nigeria needs a President who can make the country a producing nation, reduce corruption and wastage in governance.

Otherwise, debt servicing and inflation alone will sink this country.

3 Likes

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by RestructureNig3: 6:21pm On Dec 07, 2022
atdscentofwater:
we should invest more in exportation

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by favor914: 6:35pm On Dec 07, 2022
WorkSmartEdu:
APC is a crime against humanity. Any vote for tilumbu or Atifku is a wasted vote from a tribalistic or evil heart. Peter Obi is the next president of nigeria.
Almijiri what did you export to help the economy?

Nonsense Wailer.
Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by favor914: 6:36pm On Dec 07, 2022
Betanaija42moro:
Obi is the answer.

At this time, Nigeria needs a President who can make the country a producing nation, reduce corruption and wastage in governance.

Otherwise, debt servicing and inflation alone will sink this country.
Obi is the answer, yet he still resides in Lagos State after been Governor of Anambra State for 8 years?

Charity they say begins @ home.
Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by slivertongue: 6:45pm On Dec 07, 2022
More Production will move export forward
Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by rabiluhauwa: 6:48pm On Dec 07, 2022

https://www.youtube.com/watch?v=7-ogL8SmPAI


https://www.youtube.com/watch?v=o26eoo_jz9A


https://www.youtube.com/watch?v=3he3HG7CZiU
Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by Parachoko: 7:13pm On Dec 07, 2022
Tingotoe:
The dangers of a developing economy being too dependent on imports cannot be overstressed. Buhari tried his best to curb this ugly trend by closing the borders and limiting importation. Now we have a frontline presidential candidate who wants to reverse this policy so he and his kinsmen can make private gain at the expense of our local production and exports. He must be resisted by all means necessary
Closing the boader was not a good idea

Price of goods and services skyrocket after the boader was close

Govt don open am sef

2 Likes

Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by Ogbuefi2020: 7:31pm On Dec 07, 2022
Tingotoe:
The dangers of a developing economy being too dependent on imports cannot be overstressed. Buhari tried his best to curb this ugly trend by closing the borders and limiting importation. Now we have a frontline presidential candidate who wants to reverse this policy so he and his kinsmen can make private gain at the expense of our local production and exports. He must be resisted by all means necessary
Produce more and export more, not closing border. Olodo
Re: Weak Export Drags Down Nigeria’s Trade Balance By 86% by slimfit1(m): 7:32pm On Dec 07, 2022
Aso Rock is filled with brain-dead people.

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