Imports in Nigeria

Nigeria Imports | Economic News & Forecasts

Nigeria - Imports

The economy shifted into a lower gear in the first quarter of 2019, with annual growth moderating from the over-three year high logged in Q4 2018. Weaker momentum in both the non-oil segment of the economy and a further deterioration of the all-important energy sector, which contracted for the fourth consecutive quarter, led the slowdown. That said, the manufacturing PMI climbed to a five-month high in April, suggesting the economy entered Q2 on stronger footing. In other news, last month President Muhammadu Buhari signed a bill which will raise the minimum wage by over 65% to NGN 30,000 per month. Although its full implementation will take some time, this bodes well for household incomes and thus consumer demand going forward. Meanwhile, on 9 May, Buhari nominated Central Bank Governor Godwin Emefiele—whose current term ends in June—for a second five-year term, signaling the continuity of monetary and FX policy ahead.

Nigeria - Imports Data

2013  2014  2015  2016  2017  
Imports (USD billion)51.4  61.6  52.3  35.2  32.7  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.


Nigeria Facts

Bond Yield15.600.0 %Jun 14
Exchange Rate306.53.08 %Jun 14
Stock Market0.10.0 %Jun 14

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.


Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form