Nigeria Spends ₦3.53 Trillion on Raw Material Imports in H1 2025 — Experts Blame Weak Industrial Base, Policy Failure
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October 20, 2025
By Hobnob News Business Desk Nigeria’s manufacturing industry remains heavily dependent on imported raw materials, spending a staggering ₦3.53 trillion in the first half of 2025 — a 19.7% increase compared to the ₦2.95 trillion recorded in the same…
Import Dependency and Informal Economy Compounding Inflation Challenges — Finance Minister Wale Edun
November 1, 2024
Minister of Finance, Wale Edun, addressed the National Economic Council (NEC) on Tuesday at the Presidential Villa, Abuja, outlining Nigeria’s unique inflation challenges and efforts toward economic stabilization. Unlike advanced economies, which have…