November 29, 2022

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Nigeria imports $11bn price of sugar, prescribed drugs, plastics


Sugar, prescribed drugs and plastics price $10.98 billion had been imported into Nigeria between 2020 and 2021, in line with information from the Worldwide Commerce Centre.

Throughout the time underneath assessment, the nation spent $1.82 billion on sugar merchandise, $4.21 billion on pharmaceutical merchandise, and $4.95 billion on plastic merchandise.

International locations from which these merchandise got here from included: China, Korea Republic, Saudi Arabia, India, United States of America, India, Netherlands, Denmark, United Arab Emirates, Brazil, and Switzerland, amongst others.

In response to the ITC, sugars and sugar confectionery merchandise that had been imported included cane or beet sugar and chemically pure sucrose; chemically pure lactose, maltose, glucose and fructose; sugar syrups; synthetic honey; caramel; molasses; sugar confectionery not containing cocoa, together with white chocolate.

Pharmaceutical merchandise included: dried glands and different organs for organo-therapeutic makes use of; extracts of glands or different organs or their secretions, for organo-therapeutic makes use of; heparin and its salts; different human or animal substances ready for therapeutic or prophylactic makes use of; human blood; animal blood ready for therapeutic, prophylactic or diagnostic makes use of; antisera and different blood fractions and immunological merchandise; vaccines, toxins, cultures of micro-organisms (excluding yeasts), amongst others.

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