Manufactured goods drove imports as oil products pushed total to ₦15.29 trillion in Q2 2025

Key Takeaways

  • ₦7.88 trillion worth of manufactured goods made up 51.6% of imports, underscoring Nigeria’s dependence on foreign industrial products.
  • Other petroleum oil products accounted for ₦2.79 trillion (18.2%) of imports, showing continued reliance on external energy supplies despite Nigeria’s oil-rich status.
  • ₦1.72 trillion in raw material imports (11.3%) highlights the gap in local processing capacity.
  • Solid minerals (₦70.9 bn, 0.46%) and energy goods (₦150 mn, almost 0%) show almost no role in imports.

Nigeria’s import profile in Q2 2025 highlights a strong dependence on manufactured goods, which accounted for more than half of the total ₦15.29 trillion import bill. Despite being an oil producer, the country still imported ₦2.79 trillion worth of petroleum products and ₦1.64 trillion worth of crude oil, reflecting deep infrastructure gaps in refining and broader energy security challenges.

The reliance on raw material imports (₦1.72 trillion) also points to underdeveloped domestic industries that could otherwise add value locally. Meanwhile, categories like solid minerals (₦70.9 bn) and energy goods (₦150 mn) contributed little to the overall import basket.

Overall, the data paints a picture of an economy still heavily reliant on external markets for manufactured and refined goods, signalling opportunities for industrial growth, local refining capacity, and raw material processing as pathways to reduce the trade imbalance.

Source:

National Bureau of Statistics

Period:

Q2 2025
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