Nigeria Spends $2.35bn On Phone Importation

Aug 12, 2022 · 2m 35s
Nigeria Spends $2.35bn On Phone Importation
Description

Nigeria spent $2.35bn on telephone importation in three years, according to data from the International Trade Centre. The nation spent $807.95m on the importation of phone sets in 2019, $765.57m...

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Nigeria spent $2.35bn on telephone importation in three years, according to data from the International Trade Centre.
The nation spent $807.95m on the importation of phone sets in 2019, $765.57m in 2020 and $772.25m in 2021, the ITC, which is an international body that focuses on trade.
The body explained that the imported telephone sets included: smartphones, facsimile machines for line telephony, teleprinters, parts of telephone sets, and more.
The data further revealed that most of the phone sets coming into the country were from China ($1.71bn in the time under review).
The nation also imports from other nations such as Hong Kong, Sweden, the United States, Netherlands, Vietnam, Mexico, and others.
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Author Africa Business Radio
Organization Africa Business Radio
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