Nigeria’s Import From Malta Jumps From Zero To N1.03trn In 1 Year

Nigeria’s total import from Malta rose from zero to about N1.03 trillion in 2023, according to an analysis of the foreign trade statistics reports released by the National Bureau of Statistics (NBS).

This is as controversy continues to trail the sudden increase in Nigeria’s import from the small Southern European country, following recent accusation by Aliko Dangote, chairman of Dangote Industries Limited, against Nigerian National Petroleum Company (NNPC) Limited.

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A cursory review of the NBS reports show that Nigeria’s total import for 2023 was N35.92 trillion, which indicates that about 2.87% of Nigeria’s total imports were from Malta, despite no record of any international trade between the two countries in 2022.

Also, the import from Malta was 8.41% of the total import from Europe, which was about N12.25 trillion in 2023.