Soaring Imports, Declining Exports: Can Export of Electricity bridge the Balance of Trade (BOT) gap?
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Nigeria’s Balance of Trade continued its decline from a deficit of N2.73 billion in the last quarter of 2020 (Q4 2020) to another deficit of N3.94 billion in Q1 2021. This is due to the continued decline in exports against increasing imports. Shortfalls in output during the COVID-19 restrictions could also have contributed to the reduction in the production of goods for exports.
Soaring Imports, Declining Exports: Can Export of Electricity bridge the Balance of Trade (BOT) gap?
Soaring Imports, Declining Exports: Can…
Soaring Imports, Declining Exports: Can Export of Electricity bridge the Balance of Trade (BOT) gap?
Nigeria’s Balance of Trade continued its decline from a deficit of N2.73 billion in the last quarter of 2020 (Q4 2020) to another deficit of N3.94 billion in Q1 2021. This is due to the continued decline in exports against increasing imports. Shortfalls in output during the COVID-19 restrictions could also have contributed to the reduction in the production of goods for exports.