Nigeria’s import from Russia has crashed significantly, hitting its lowest this year, as the war in Ukraine persists. The foreign trade report of the National Bureau of Statistics for the third quarter of 2022 released last week showed that only N1. 71tn worth of goods was imported from Russia in the quarter.
This initial increase was against the prediction that Nigeria’s imports from Russia might be at risk due to war.
Earlier in March, a Professor of Economics and Public Policy at the University of Uyo, Akpan Ekpo, had said if the conflict between Russia and Ukraine persisted, Nigeria’s imports from the two countries might be affected.
