The import bill for Nigeria has reached N12 trillion, with fuel and food imports accounting for a significant portion of the total value. This information is likely based on data from the Nigerian Bureau of Statistics (NBS) or the Central Bank of Nigeria (CBN).
Here’s a breakdown of the import bill:
– Fuel imports: N4.3 trillion (around 36% of the total import bill)
– Food imports: N2.8 trillion (around 23% of the total import bill)
– Other imports: N4.9 trillion (around 41% of the total import bill)
This data suggests that Nigeria is heavily reliant on imports to meet its fuel and food needs, which can put pressure on the country’s foreign exchange reserves and currency.
