As an import-dependent economy, Nigeria’s international trade has remained unbalanced as the volume of import continues to surpass that of export. This is as the container market in Nigeria in the last six months has been strongly dominated by imports.
Since the last six months, Nigeria’s import and export ratio has remained at 92 percent import to 8 percent export, said Jan Thorhauge, managing director, Maersk Nigeria Limited (MNL) and head of the Central West Africa Cluster, in a trade report released by Maersk Nigeria Limited.