Nigeria’s trade report for two quarters of 2020 has given an insight into the items the country spent most of its foreign exchange on as COVID-19 hammered the nation’s economy and shut businesses.
The report by the National Trade Negotiation Office shows that for the second and third quarters of last year, the country imported mostly identical items, suggesting the trend continued for the entire year.
Nigeria relies heavily on importation, and buys a reasonable amount of even food from other countries. It exports mostly crude oil and gas.
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