Manufactured goods imports surge 17% to N18trn in H1’26

Nigeria's manufactured goods imports surged year-on-year by 16.9 per cent to N18 trillion in the first half of 2026, deepening concerns over rising import dependence and pressure on local manufacturers. Latest Foreign Trade Statistics from the National Bureau of Statistics showed manufactured imports rose from N15.4 trillion in H1 2025 to N17.99 trillion in H1 2026. The increase was driven by a sharp rise in the second quarter, when manufactured goods imports climbed 12.1 per cent quarter-on-quarter to N9.51 trillion from N8.48 trillion in Q1 2026. On a year-on-year basis, Q2 2026 manufactured imports rose 20.7 per cent from N7.88 trillion in Q2 2025, while Q1 2026 imports increased by 13 per cent year-on-year from N7.51 trillion in Q1 2025.

Read More