Value of raw material imports in Nigeria 2018-2021

Published by
Doris Dokua Sasu,
Jan 24, 2023
Raw materials imported into Nigeria amounted to over 1.9 trillion Nigerian naira (NGN) in 2021, corresponding to roughly 4.6 billion U.S. dollars. In the preceding year, around 1.4 trillion NGN in raw materials, some 3.4 billion U.S. dollars, were imported. This followed the upward trend observed since 2018.

Value of raw materials imported into Nigeria from 2018 to 2021 (in billion Nigerian naira)

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Release date

March 2022

Region

Nigeria

Survey time period

2018 to 2021

Supplementary notes

Figures are rounded.

Currency conversion rate is as of March 23, 2022.

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