{
  "id": 6758861,
  "title": "Manufactured goods imports hit N18 trillion as Nigeria’s import dependence grows",
  "url": "https://urgent.news/2026/09/11/manufactured-goods-imports-hit-n18-trillion-as-nigerias-import",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T12:43:47.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/11/manufactured-goods-imports-hit-n18-trillion-as-nigerias-import-dependence-grows/"
  },
  "original_language": "en",
  "account": "Nigeria's imports of manufactured goods surged to N18 trillion in the first half of 2026, marking a 16.9% surge compared to N15.40 trillion in the same period last year. This growth was primarily fueled by a robust second-quarter performance, with imports rising to N9.51 trillion from N8.48 trillion in Q1 2026, a 12.1% quarter-on-quarter increase. Despite government initiatives to bolster domestic production and decrease import reliance, the data underscores the persistent dependence of Nigerian businesses on imported goods. According to Nairametrics' analysis of the Q1 and Q2 2026 Foreign Trade Statistics from the National Bureau of Statistics (NBS), manufactured goods imports totaled N9.51 trillion in Q2 2026, up from N8.48 trillion in Q1, culminating in a half-year total of approximately N18 trillion. The rising trend implies a continued demand for imported manufactured products, either due to local producers' inability to fulfill specific market needs or businesses' ongoing reliance on imported inputs and finished goods. This import surge occurs amidst ongoing financing and production hurdles faced by Nigeria's manufacturing sector, potentially driving businesses towards imported products if they prove cheaper or more accessible. In June, Nairametrics revealed that the manufacturing sector generated N329.59 billion in Value Added Tax (VAT) revenue in the first quarter of 2026. Meanwhile, the Federal Government is striving to broaden the market for Nigerian manufacturers by encouraging their wider participation in regional trade. In September, authorities advocated for manufacturers to capitalize on the ECOWAS Trade Liberalisation Scheme (ETLS) to boost exports and access broader West African markets.",
  "summary": "Nigeria’s imports of manufactured goods rose to N18 trillion in the first half of 2026, representing a 16.9% increase from the N15.40 trillion recorded in the corresponding period of 2025. The post Manufactured goods imports hit N18 trillion as Nigeria’s import dependence grows appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nairametrics",
        "title": "Nigeria’s car imports surge 146% to N1.18 trillion in H1 2026",
        "url": "https://urgent.news/2026/09/11/nigerias-car-imports-surge-146-to-n1-18-trillion-in-h1-2026",
        "published": "2026-09-11T07:02:33.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}