Import

FOREX Crisis: Nigeria Imports 60.4bn Litres of Petrol in 32 Months

February 28, 2024February 28, 2024Admin

However, data obtained from the National Bureau of Statistics (NBS) indicated that the country which imports most of its fuels from Belgium, The Netherlands, Norway and India, ranging between 1.4 billion litres and 2.5 billion litres per month, massively slashed import to 1 billion litres in August. With zero local production of petrol […]

Nigeria not an import-dependent nation-Report

January 15, 2024Admin

Nigeria imports far less than it should be doing, yet the oil-producing nation of 200 million people can’t seem to shake off the tag of an import-dependent country. While the country’s import to GDP ratio of 11.8 percent, a measure of how much a country imports relative to its economic size, suggests it is nowhere […]

Tag: Import

FOREX Crisis: Nigeria Imports 60.4bn Litres of Petrol in 32 Months

Nigeria not an import-dependent nation-Report

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