Nigeria’s total import bill for the period January to September 2021 rose to $8.92bn from $4.29bn in the same period of 2020, according to a report.
This was disclosed by an economist and Chief Consultant, B. Adedipe Associates Limited, Dr Biodun Adedipe, while presenting the report titled ‘National economic outlook: Implications for businesses’, during an event organised by the Chartered Institute of Bankers of Nigeria in Lagos on Tuesday.
While commenting on Nigeria’s external sector and dwindling capacity to extinguish foreign obligations, he said, “Monthly import bill of N3.66bn (or $8.92bn) in Q1-Q3 2021 more than doubled $4.29bn in 2020…
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