Nigeria's $2.14 Billion Manufactured Imports in 2026

In the first six months of 2026, Nigeria spent $2.14 billion on foreign exchange for manufactured products, as reported by the Central Bank of Nigeria's Statistical Bulletin for the second quarter. The industrial sector had the highest foreign exchange utilization at $3.72 billion, followed by manufactured products at $2.14 billion and food products at $1.19 billion.

The transport sector accounted for $523.75 million. Together, these categories represented approximately 70.7 percent of total import-related foreign exchange utilization, amounting to about $7.04 billion.

Monthly utilization peaked in June at $447.94 million, with January following at $427.96 million. There were fluctuations throughout the months, with a notable decline in May to $173.84 million before rebounding in June.

The industrial sector's monthly utilization peaked at $745.16 million in January, while food products saw a total of $1.19 billion in foreign exchange utilization during the same period.