Nigeria Wine Imports From U.S., Spain Drop To $314.6m

Restriction placed on trade establishments as part of measures to combat coronavirus pandemic affected wine importation into Nigeria in 2020. The country took delivery of N154.1billion ($314.6million) wine as at December 2020 from five countries as against the annual imports of $1.2billion, leading to a 63 per cent fall in import.
 
Data by the United States Department of Agriculture (USDA)’s Global Agricultural Information Network (GAIN) revealed that Nigeria imported $136.66million from United States. Also, United Kingdom exported $31.1 worth of wine into the country; Spain, $20.96million; Brazil, $16million and South Africa , $15.7million. However, USDA noted while spirits constituted about 30per cent of the market for alcoholic beverages in the country, beer led with 55per cent with wine making up the remaining 15per cent.
 
The GAIN estimate noted that 75per cent of the spirits consumed in Nigeria were locally made, while imported spirits accounted for $500million of the total value of spirits consumed between 2019 and 2020…
 
More details through:
https://www.newtelegraphng.com/nigeria-wine-imports-from-u-s-spain-drop-to-n154-1bn/
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