Manufactured goods imports surge 17% to N18trn in H1’26

Nigeria's manufactured goods imports surged by 16.9% year-on-year to N18 trillion in the first half of 2026. This increase, which accelerated in the second quarter with a 12.1% rise quarter-on-quarter, raises concerns about growing import dependence and pressure on local manufacturers. Despite government efforts to promote domestic production, manufacturers report high operating costs and limited access to credit, undermining their competitiveness.