Nigeria's heavy reliance on steel imports strains national economy

Nigeria spent over N1 trillion on steel imports in 2025, highlighting a significant economic drain as domestic production fails to meet national demand.

31 Aug, 01:24 — 31 Aug, 01:24

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vanguard-ngMixed1d ago

Steel imports bleed Nigeria’s economy

Nigeria spent over N1 trillion on steel importation in 2025, according to available data from the National Bureau of Statistics, NBS. The post Steel imports bleed Nigeria’s economy appeared first on Vanguard News.

By olufemiajasa

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Nigeria's heavy reliance on steel imports strains national economy

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Steel imports bleed Nigeria’s economy

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