Nigeria imports N35.2bn solid minerals in Q3 2020 – NBS


Nigeria’s total trade in solid mineral goods stood at N40.8bn in the third quarter of 2020, comprising an import component of N35.2bn and export component of N5.5bn.

This was made known in the foreign trade statistics report released by the National Bureau of Statistics.

According to the report, the major products exported under this sector were other cement exported to Niger Republic, worth N1.4bn followed by cement clinkers exported to Cameroon, worth N1.2bn as well as lead ores and concentrate exported to China, worth N1.0bn.

It added, “In terms of imports, plasters of calcined gypsum were mainly imported from Turkey, worth N4.0bn and Egypt (N1.9bn).

“This was followed by gypsum, imported from Spain worth N4.4bn.

“Crude salt was also imported from Brazil and Namibia worth N3.2bn and N1.9bn respectively.”

The bureau thereafter added that the value of Nigeria’s merchandise trade stood at N8.37tn in Q3 2020 which represents an increase of 34.15 per cent in Q3, 2020 compared to Q2, 2020 but a decline of 8.85 per cent compared to third quarter of the previous year.

Abisola Adebayo is a Reporter/Presenter/Social Media Manager for Tv360Nigeria. She is a first class graduate of the department of Mass Communication at Fountain University, Osogbo. Abisola is currently running her Masters Degree at the University of Lagos. The Social Media savvy young lady is ambitious and driven, likes trying new things and sets new goals for herself. Always looking for an opportunity to do better and achieve greatness.

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