Capital Imports - Intelpoint

The U.S. consistently leads Nigeria’s imports from the Americas, accounting for 57–73% between 2013 and 2025.
Brazil ranks second, with shares ranging between 11% and 24%, highlighting its steady trade ties with Nigeria.
During the period, the combined share of the U.S. and Brazil never fell below 76%, even at its lowest point in 2022.
Total imports from the Americas surged from ₦0.9 trillion in 2013 to a peak of ₦6.3 trillion in 2024.
Canada’s import share peaked at 16.4% in 2022, showing a rare moment of diversification.

Imports from ECOWAS countries peaked at 39.9% in H1 2024, up from just 12.0% in H1 2021.
The share declined to 32.4% in H1 2025, showing a reversal after the 2024 peak.
Total import values grew sharply, from ₦209.6B in H1 2020 to ₦1.8T in H1 2025.
In H1 2019, ECOWAS already had a decent share of 19.6%, showing long-standing but fluctuating trade ties.

ECOWAS’ share of Nigerian exports rose from 34.2% in H1 2019 to 62.1% in H1 2025.
The most significant share came in H1 2022, when ECOWAS accounted for 75.8% of exports.
Exports to other African countries dropped significantly in 2022, to just 24.2%.
Nigeria’s total exports to Africa grew from ₦0.9T in H1 2022 to ₦4.8T in H1 2025.
ECOWAS consistently maintained a majority share from H1 2022 onwards, with a share above 60%.

Oil exports continued to dominate, averaging over 88% of total exports in 2024 and remaining above 81% in the first half of 2025.
Non-oil exports rose gradually, from a low of 6.9% (February 2024) to a high of 18.1% (January 2025).
Peaks in non-oil export contributions occurred in July 2024 (16.4%) and January–April 2025 (13–18%), indicating progress toward diversification.
Total exports remained heavily oil-driven, though sustained double-digit non-oil shares in late 2024 and early 2025 show a slow shift.

Non-oil exports rose to 14.3% of total exports in 2025, up from 8.7% in 2023.
Oil exports still represent 85.7% of total exports in 2025.
The non-oil share reached 13.1% in 2019 before dipping and rebounding by 2025.
Nigeria’s total exports expanded from ₦9.6 trillion in 2015 to ₦43.3 trillion in H1 2025, showing strong value growth.
The lowest non-oil share in the decade occurred in 2016 (4%), reflecting heavy oil dependence.

Manufacturing records the highest monthly revenue at ₦8.27m, nearly double that of the next sector.
Healthcare (₦5.02m) and Transportation (₦3.70m) follow, reflecting essential service demand.
Industries like Marketing & Advertising (₦191k), Food & Beverages (₦320k), and Education (₦440k) earn significantly less on average.
The difference between top earners (Manufacturing, Healthcare) and bottom sectors highlights a stark inequality in industry.

The South West is the only region with MSMEs reporting revenues above ₦100 million, accounting for 100% of that bracket.
While high-revenue firms cluster in the South West, the South South leads in the ₦10M–₦99.9M range, with over 50.8% share.
The North Central (30.3%) has the highest share of MSMEs earning less than ₦100,000 monthly, followed by the North East (19.6%).
The ₦200K–₦999.9K range is more evenly spread across regions, but the South West and South South consistently record stronger representation.

Nearly half (48.9%) of Nigerian businesses identify inflation as their greatest economic challenge in 2025.
The foreign exchange rate (17.1%) is the second most pressing concern, reflecting ongoing naira volatility.
Insecurity (15.6%) and government policies (10.0%) remain significant worries for business operations.
Inadequate infrastructure (8.4%), while the least mentioned, continues to constrain growth.

Just 25.1% of MSMEs report receiving any form of government support, while 74.9% remain untouched by initiatives.
Among those who benefitted, 41.1% accessed grants, making it the most common form of support.
22.1% of MSMEs participated in government training programmes, showing recognition of capacity-building needs.
Only 16% received loans and 13.8% got tax breaks, underscoring limited financial and fiscal support penetration.
A mere 6.9% of businesses report accessing subsidies, reflecting minimal impact of such schemes.

The South West (₦8.3m) far surpasses all regions in monthly revenue, reflecting Lagos’ dominance as Nigeria’s commercial hub.
The South South (₦831k) and South East (₦605k) trail far behind but still outperform the northern regions.
The North East (₦562k) and North West (₦479k) show significantly lower average revenues.
The North Central (₦241k) records the weakest average, underlining stark regional disparities.

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