Import – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Mon, 01 Dec 2025 16:57:02 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Import – InfoStride News https://www.theinfostride.com 32 32 828m litres of petrol imported to avert nationwide shortage https://www.theinfostride.com/828m-litres-of-petrol-imported-to-avert-nationwide-shortage/ https://www.theinfostride.com/828m-litres-of-petrol-imported-to-avert-nationwide-shortage/#respond Mon, 01 Dec 2025 16:57:02 +0000 https://www.theinfostride.com/?p=472677 Nigeria has moved to prevent a looming fuel scarcity by bringing in 828 million litres of petrol, a major intervention aimed at stabilising supply across the country and ensuring uninterrupted distribution during the festive and early-year consumption spikes. Officials confirmed that the massive importation was undertaken to avert disruptions caused by logistical delays, vessel scheduling [...]

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]]> https://www.theinfostride.com/828m-litres-of-petrol-imported-to-avert-nationwide-shortage/feed/ 0 Dangote Plans to Import Electric Trucks to Augment Its Green Logistics Fleet https://www.theinfostride.com/dangote-plans-to-import-electric-trucks-to-augment-its-green-logistics-fleet/ https://www.theinfostride.com/dangote-plans-to-import-electric-trucks-to-augment-its-green-logistics-fleet/#respond Thu, 18 Sep 2025 15:12:11 +0000 https://www.theinfostride.com/?p=466800 Dangote Group has revealed plans to begin importing electric trucks early next year, as part of its strategy to modernise logistics, cut down emissions, and reduce dependency on fossil fuel-powered tanker trucks in its fuel distribution business. The announcement comes amid the rollout of the company’s ambitious compressed natural gas (CNG) fleet programme, and signals [...]

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]]> https://www.theinfostride.com/dangote-plans-to-import-electric-trucks-to-augment-its-green-logistics-fleet/feed/ 0 Federal Government moves to cut $1.2 billion fish import bill with local production push https://www.theinfostride.com/federal-government-moves-to-cut-1-2-billion-fish-import-bill-with-local-production-push/ https://www.theinfostride.com/federal-government-moves-to-cut-1-2-billion-fish-import-bill-with-local-production-push/#respond Thu, 17 Jul 2025 17:30:21 +0000 https://www.theinfostride.com/?p=462251 In a bold move to streamline trade outflows and strengthen domestic food security, the Federal Government has unveiled a comprehensive initiative to reduce Nigeria’s $1.2 billion annual fish import bill by ramping up local aquaculture production. The policy shift is part of a broader strategy to boost agricultural output, generate jobs, sustain foreign currency, and reduce [...]

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]]> https://www.theinfostride.com/federal-government-moves-to-cut-1-2-billion-fish-import-bill-with-local-production-push/feed/ 0 Experts Raise Alarm Over Nigeria’s Heavy Dependence on Chinese Imports https://www.theinfostride.com/experts-raise-alarm-over-nigerias-heavy-dependence-on-chinese-imports/ https://www.theinfostride.com/experts-raise-alarm-over-nigerias-heavy-dependence-on-chinese-imports/#respond Thu, 17 Jul 2025 17:05:47 +0000 https://www.theinfostride.com/?p=462245 Nigeria’s growing dependence on imports from China has continued to raise significant concerns among economic experts, trade analysts, and industrial stakeholders who warn that the trend could have long-term negative consequences on the country’s economic sovereignty, industrial development, and balance of trade. Over the past decade, China has solidified its position as Nigeria’s largest source [...]

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]]> https://www.theinfostride.com/experts-raise-alarm-over-nigerias-heavy-dependence-on-chinese-imports/feed/ 0 Nigeria’s imported food inflation jumps to 36.38% in June 2024 on weak naira https://www.theinfostride.com/nigerias-imported-food-inflation-jumps-to-36-38-in-june-2024-on-weak-naira/ https://www.theinfostride.com/nigerias-imported-food-inflation-jumps-to-36-38-in-june-2024-on-weak-naira/#respond Mon, 29 Jul 2024 08:27:05 +0000 https://www.theinfostride.com/?p=385770 Nigeria’s imported food inflation jumped to 36.38% in June 2024, from 34.83% recorded in the previous month, which represents a 1.55%-points increase.  According to the Consumer Price Index (CPI) data for June 2024 by the National Bureau of Statistics (NBS), the average price index for imported food rose to 806.0 in June 2024 from 591.0 in the same month [...]

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]]> https://www.theinfostride.com/nigerias-imported-food-inflation-jumps-to-36-38-in-june-2024-on-weak-naira/feed/ 0 Tinubu sets up committee for single-window project to ease import-export transactions in Nigeria https://www.theinfostride.com/tinubu-sets-up-committee-for-single-window-project-to-ease-import-export-transactions-in-nigeria/ https://www.theinfostride.com/tinubu-sets-up-committee-for-single-window-project-to-ease-import-export-transactions-in-nigeria/#respond Tue, 16 Apr 2024 22:36:17 +0000 https://www.theinfostride.com/?p=375869 President Bola Tinubu has inaugurated a committee for  a National Single Window (NSW) to promote ease of import and export trade in the country. Tinubu revealed this during the inauguration of the National Steering Committee of the project on Tuesday at the Presidential Villa, Abuja. According to him, the introduction of the National Single Window [...]

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]]> https://www.theinfostride.com/tinubu-sets-up-committee-for-single-window-project-to-ease-import-export-transactions-in-nigeria/feed/ 0 Nigerians import fewer goods in Q1 2024 over duty fluctuations https://www.theinfostride.com/nigerians-import-fewer-goods-in-q1-2024-over-duty-fluctuations/ https://www.theinfostride.com/nigerians-import-fewer-goods-in-q1-2024-over-duty-fluctuations/#respond Thu, 04 Apr 2024 21:28:30 +0000 https://www.theinfostride.com/?p=374892 The Nigeria Customs Service (NCS) has recorded a decline of 15,999 (about 5%) in the volume of Single Goods Declarations (SGDs) for imports in the first quarter of 2024. The total volume declined from 327,492 SDGs to 311,492 between Q1 2024 and Q1 2023.  According to a document released by the agency and seen by Nairametrics on [...]

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]]> https://www.theinfostride.com/nigerians-import-fewer-goods-in-q1-2024-over-duty-fluctuations/feed/ 0 Tinubu’s Investment Push Falters: Nigeria’s Capital Importation Plummets by 43.55% in Q3 2023 https://www.theinfostride.com/tinubus-investment-push-falters-nigerias-capital-importation-plummets-by-43-55-in-q3-2023/ https://www.theinfostride.com/tinubus-investment-push-falters-nigerias-capital-importation-plummets-by-43-55-in-q3-2023/#respond Fri, 29 Dec 2023 20:48:14 +0000 https://www.theinfostride.com/?p=365996 Infostride News reports that Nigeria’s capital importation has experienced a significant decline of 43.55% in the third quarter of 2023, despite the earnest efforts of the current administration led by President Bola Tinubu to attract investments into the country. The figures reveal a stark contrast, with only $654.65 million recorded in Q3 2023 compared to [...]

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]]> https://www.theinfostride.com/tinubus-investment-push-falters-nigerias-capital-importation-plummets-by-43-55-in-q3-2023/feed/ 0 Customs, CBN split over import, export policy https://www.theinfostride.com/customs-cbn-split-over-import-export-policy/ https://www.theinfostride.com/customs-cbn-split-over-import-export-policy/#respond Sun, 27 Mar 2022 21:52:01 +0000 https://www.theinfostride.com/?p=321560 The Nigeria Customs Service (NCS) has established its objection to the introduction of e-valuator and e-invoicing for import and export businesses by the Central Bank of Nigeria (CBN). CBN had, in a letter dated July 8, 2021, informed NCS that they were deploying a mechanism for verification of prices of goods before allocation of forex [...]

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]]> https://www.theinfostride.com/customs-cbn-split-over-import-export-policy/feed/ 0 AfCFTA: Nigeria’s strategic objective is to capture 10% of Africa’s import by 2035 – Achimugu https://www.theinfostride.com/afcfta-nigerias-strategic-objective-is-to-capture-10-of-africas-import-by-2035-achimugu/ https://www.theinfostride.com/afcfta-nigerias-strategic-objective-is-to-capture-10-of-africas-import-by-2035-achimugu/#respond Fri, 11 Mar 2022 22:17:39 +0000 https://www.theinfostride.com/?p=320285 The Nigerian National Action Committee on the African Continental Free Trade Area, AfCFTA, has disclosed that its strategic objective is to capture 10% of Africa’s imports by 2035, thereby doubling Nigeria’s export in the process. This was disclosed by Franca Achimugu, Coordinator Oil and Gas Workstream, Secretariat of the National Action Committee on the AfCFTA at the [...]

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]]> https://www.theinfostride.com/afcfta-nigerias-strategic-objective-is-to-capture-10-of-africas-import-by-2035-achimugu/feed/ 0 Nigeria’s GDP to grow by $3 billion on import reduction https://www.theinfostride.com/nigerias-gdp-to-grow-by-3-billion-on-import-reduction/ https://www.theinfostride.com/nigerias-gdp-to-grow-by-3-billion-on-import-reduction/#respond Tue, 08 Jun 2021 22:00:19 +0000 https://www.theinfostride.com/?p=296557 Nigeria’s Gross Domestic Product (GDP) will grow by about $3 billion, if the country can reduce its imports. The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, who, at the weekend, advocated for import substitution, noted that the importation of petroleum products alone makes up about 25 per cent of annual imports aside [...]

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]]> https://www.theinfostride.com/nigerias-gdp-to-grow-by-3-billion-on-import-reduction/feed/ 0 Nigeria Shouldn’t Spend $6bn A Year To Import Petroleum Products – Obaseki https://www.theinfostride.com/nigeria-shouldnt-spend-6bn-a-year-to-import-petroleum-products-obaseki/ Thu, 02 May 2019 10:30:52 +0000 https://www.theinfostride.com/?p=231908 Edo State Governor, Mr Godwin Obaseki has spoken up for channelling domestic savings to development financing instruments to boost development. The governor revealed this as chairman of the session on development financing at the induction of new and returning governors into the Nigeria Governors Forum (NGF) in Abuja. He said that the N200bn investment in [...]

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]]> Food Import Bill Of The Country Has Reduced – Buhari https://www.theinfostride.com/food-import-bill-of-the-country-has-reduced-buhari/ Mon, 22 Jan 2018 01:27:23 +0000 https://www.theinfostride.com/?p=196942 Muhammadu Buhari has said the agricultural sector has seen steady and remarkable progress in the last two years, significantly reducing the food import bill of the country. “We are very busy in the agricultural sector, and more Nigerians are getting involved,’’ the president told Maj.-Gen. Kazi Sharif Kaikoband, the Ambassador of the Republic of Bangladesh [...]

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]]> Increase In Crude Prices Have Made It Unprofitable To Import Petrol – Emmanuel Iheanacho https://www.theinfostride.com/increase-in-crude-prices-have-made-it-unprofitable-to-import-petrol-emmanuel-iheanacho/ Sun, 31 Dec 2017 10:37:02 +0000 http://www.theinfostride.com/?p=194721 Capt. Emmanuel Iheanacho has linked the constant scarcity of petrol to monopoly of the product by the Nigerian National Petroleum Corporation (NNPC). Iheanacho said that this was not realistic for marketers to import and sell at that rate. “The selling of the product at N145 per litre is no longer feasible with the current exchange [...]

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]]> FG To Reduce Petroleum Import To 60% By 2018 – Ibe Kachikwu https://www.theinfostride.com/fg-to-reduce-petroleum-import-to-60-by-2018-ibe-kachikwu/ Thu, 18 May 2017 12:00:58 +0000 http://www.theinfostride.com/?p=165342 The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has reiterated Federal Government’s resolve to reduce importation of petroleum products from the present 95 per cent to 60 per cent by 2018. Kachikwu stated this at the Rainoil 20th Anniversary Lecture organised by the company in Lagos on Wednesday. The theme of the anniversary [...]

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]]> Lagos Hotels Import Fruits From South Africa – Obasanjo https://www.theinfostride.com/lagos-hotels-import-fruits-from-south-africa-obasanjo/ Thu, 04 May 2017 18:08:51 +0000 http://www.theinfostride.com/?p=163950 Former President, Chief Olusegun Obasanjo has revealed that some hotels in Lagos import vegetables from South Africa. Obasanjo also said that the current recession is a second chance given to Nigeria to get things right. He made the comments while speaking to The Nation in Abuja. “Let’s do something, we must all pledge to do [...]

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]]> NNPC Spend $1.8bn On Fuel Import Per Quarter https://www.theinfostride.com/nnpc-spend-1-8bn-on-fuel-import-per-quarter/ Thu, 14 Apr 2016 11:03:56 +0000 http://www.theinfostride.com/?p=125771 The Nigeria National Petroleum Corporation (NNPC) said on Wednesday, April 13, 2016, that it spends $1.8 billion in 90 days to import fuel. The Group Executive Director Upstream of NNPC, Mr Bello Rabiu, stated this while addressing State House Correspondents. According to him, the organisation spends between $16 million and $20 million on imports daily [...]

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]]> FG Will Reduce Nation’s Food Import Bill – Buhari https://www.theinfostride.com/fg-will-reduce-nations-food-import-bill-buhari/ Sat, 02 Apr 2016 19:33:37 +0000 http://www.theinfostride.com/?p=124626 President Muhammadu Buhari has said that the Federal Government is determined to significantly reduce the high bill for importation of food products to Nigeria. Speaking at a bilateral meeting with the Prime Minister of Denmark, Mr Lars Rasmussen, in Washington DC, U.S., Buhari also reaffirmed his administration’s commitment to the rapid diversification of Nigerian economy. [...]

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