Close Menu
    Facebook X (Twitter) Instagram
    Trending
    • World Bank Places Nigeria Behind Libya, Gabon In Income Rankings
    • We Sleep With 20 Men Daily – Trafficked Victim Rescued From Katsina Hotel
    • Flood: Jigawa Govt Earmarks N4.2bn For Emergency Response
    • The Subsidy Windfall: A Missed Opportunity To Build Human Capital In Northern Nigeria? – By Murtala Adogi Mohammed
    • DONE DEAL: Super Eagles’ Forward, Osimhen Tells Napoli To Finalise Galatasaray Transfer
    • PSG Beat Real Madrid 4-0 To Set Up Chelsea Final In Club World Cup
    • Hospitals Dark As Israel Unleashes New Wave Of Heavy Air Raids On Gaza
    • South Korea Issues Arrest Warrant For Ex-President, Yoon Suk
    Facebook X (Twitter) Instagram
    NEWS POINT NIGERIANEWS POINT NIGERIA
    UBA 720X90
    • HOME
    • NEWS

      World Bank Places Nigeria Behind Libya, Gabon In Income Rankings

      July 10, 2025

      We Sleep With 20 Men Daily – Trafficked Victim Rescued From Katsina Hotel

      July 10, 2025

      Flood: Jigawa Govt Earmarks N4.2bn For Emergency Response

      July 10, 2025

      We Uncovered ‘Mind-Boggling’ Corruption In NNPCL, Asset Tracing Leads To Iceland – EFCC Chairman

      July 9, 2025

      Ex-SGF Says Tinubu Didn’t Make Buhari President In 2015′, Garba Shehu’s Book Launch Sparks Historical Clarification

      July 9, 2025
    • COLUMN

      There Is Pain Behind That Smile. Just Do Your Bit – By Dr Hassan Gimba

      July 6, 2025

      What Can Nigeria Learn From China’s Electricity Revolution? – By Dr Dakuku Peterside

      July 6, 2025

      Amaechi: Nigerian Politicians And Doublespeak – By Kazeem Akintunde

      July 6, 2025

      Remembering ‘Watergate Scandal’ And Danger Of Crippling Opposition – By Martins Oloja

      July 6, 2025

      Don’t Kill Yourself Because He’s Cheating – By Funke Egbemode

      July 6, 2025
    • EDUCATION

      13 Countries Offering Free Or Low-Cost PhD Programmes For Non-Citizens

      January 25, 2025

      NECO: Abia, Imo Top Performing States In Two Years, Katsina, Zamfara Come Last

      October 3, 2024

      NBTE Accredits 17 Programmes At Federal Polytechnic Kabo

      August 20, 2024

      15 Most Expensive Universities In Nigeria

      May 19, 2024

      FULL LIST: Tinubu Appoints Former SGF Yayale, Ex-Governor Yuguda, Muhammad Abacha, Jega In Universities’ Governing Councils

      May 18, 2024
    • INTERNATIONAL

      Hospitals Dark As Israel Unleashes New Wave Of Heavy Air Raids On Gaza

      July 10, 2025

      South Korea Issues Arrest Warrant For Ex-President, Yoon Suk

      July 10, 2025

      UK Threatens Further Action Against Israel If Gaza Ceasefire Proposal Fails

      July 8, 2025

      Texas Flood Death Toll Passes 100 As More Bodies Recovered

      July 8, 2025

      Iran President, Masoud Pezeshkian Says Israel Attempted To Assassinate Him

      July 7, 2025
    • JUDICIARY

      FULL LIST: Judicial Council Recommends Appointment Of 11 Supreme Court Justices

      December 6, 2023

      Supreme Court: Judicial Council Screens 22 Nominees, Candidates Face DSS, Others

      November 29, 2023

      FULL LIST: Judicial Commission Nominates 22 Justices For Elevation To Supreme Court

      November 16, 2023

      Seven Key Issues Resolved By Seven Supreme Court Judges

      October 26, 2023

      FULL LIST: CJN To Swear In Falana’s Wife, 57 Others As SANs November 27

      October 12, 2023
    • POLITICS

      What Peter Obi May Lose If He Joins Coalition As VP Candidate

      May 25, 2025

      Atiku Moves To Unseat Wike’s Damagum As PDP Chairman, Backs Suswam As Replacement

      April 15, 2024

      Edo’s Senator Matthew Uroghide, Others Defect To APC

      April 13, 2024

      Finally, Wike Opens Up On Rift With Peter Odili

      April 2, 2024

      El-Rufa’i’s Debt Burden: APC Suspends Women Leader For Criticising Kaduna Gov

      March 31, 2024
    • SPORTS

      DONE DEAL: Super Eagles’ Forward, Osimhen Tells Napoli To Finalise Galatasaray Transfer

      July 10, 2025

      PSG Beat Real Madrid 4-0 To Set Up Chelsea Final In Club World Cup

      July 10, 2025

      Ahmed Musa Denies Distributing SUVs To Kano Pillars Players

      July 8, 2025

      Joao Pedro Shines As Chelsea Beat Fluminense To Reach Club World Cup Final

      July 8, 2025

      WAFCON: Babajide Pays Tribute To Jota After Scoring In Falcons’ Victory Over Tunisia

      July 7, 2025
    • MORE
      • AFRICA
      • ANALYSIS
      • BUSINESS
      • ENTERTAINMENT
      • FEATURED
      • LENS SPEAK
      • INFO – TECH
      • INTERVIEW
      • NIGERIA DECIDES
      • OPINION
      • Personality Profile
      • Picture of the month
      • Science
      • Special Project
      • Videos
      • Weekend Sports
    NEWS POINT NIGERIANEWS POINT NIGERIA
    UBA 720X90
    Home - Nigeria Spent N205.38bn On Importation Of Medications In Nine Months – NBS

    Nigeria Spent N205.38bn On Importation Of Medications In Nine Months – NBS

    By Peter Noah KCDecember 26, 2022
    Medications

    NATIONAL Bureau of Statistics’ foreign trade reports has indicated that Nigeria had spent N205.38bn in the importation of medications within nine months.

    The analysis of the first quarter to the third quarter of the reports indicated that the medications were imported between January and September 2022.

    According to the reports, the majority of the drugs were bought from the Netherlands, Malaysia, China, and India.

    UBA

    The majority of the drugs were imported during the second quarter, followed by the first and third quarters.

    National Bureau of Statistics’ foreign trade reports has indicated that Nigeria had spent N205.38bn in the importation of medications within nine months.

    WIDGET ADS

    The analysis of the first quarter to the third quarter of the reports indicated that the medications were imported between January and September 2022.

    According to the reports, the majority of the drugs were bought from the Netherlands, Malaysia, China, and India.

    Thomas Sankara African Leadership Prize

    The majority of the drugs were imported during the second quarter, followed by the first and third quarters.

    Pharmaceuticals cost N63.01 billion to import into Nigeria in the first quarter (January to March), primarily from the Netherlands (N22.32 billion), India (N18.77 billion), China (N8.63 billion), and France (N2.33bn).

    Nigerian TAX Reform - Federal Goverment

    However, the second quarter’s (April to June) N93.63 billion worth of medicine imports increased. For the quarter, Malaysia ($46.51 billion), India ($26.02 billion), China ($10.02 billion), Germany ($2.06 billion), and France (N1.3bn) were the top five countries from which pharmaceuticals were imported.

    According to the reports, pharmaceuticals worth N48.7 billion were brought into Nigeria during the third quarter (July to September).

    Premium Motor Spirit, which cost N1.2 trillion, was the most expensive import, followed by gas oil (N261.6 billion) and durum wheat (N252.6 billion), per the report.

    National Orientation Agency Page UP
    National Orientation Agency - Down

    The data showed that China, the Netherlands, India, Belgium, the United States, South Korea, the United Arab Emirates, the United Kingdom, Germany, and Norway were Nigeria’s top 10 import trading partners for the quarter, even though it was unclear where the majority of Nigeria’s medicines were imported from.

    Import NBS
    Share. Facebook Twitter WhatsApp LinkedIn Telegram Email

    Related Posts

    Inflation Drops To 22.97% In May, NBS Says

    June 16, 2025

    Tony Elumelu Increases Stake In UBA To 10.63%

    June 4, 2025

    Transcorp Group Releases Unaudited Results For First Quarter 2025, Profit Soars To N73bn

    May 2, 2025

    As Trump’s New Tariff Takes Effect Wednesday, US Imports $643m Nigerian Goods In 60 Days

    April 8, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Latest Posts

    World Bank Places Nigeria Behind Libya, Gabon In Income Rankings

    July 10, 2025

    We Sleep With 20 Men Daily – Trafficked Victim Rescued From Katsina Hotel

    July 10, 2025

    Flood: Jigawa Govt Earmarks N4.2bn For Emergency Response

    July 10, 2025

    The Subsidy Windfall: A Missed Opportunity To Build Human Capital In Northern Nigeria? – By Murtala Adogi Mohammed

    July 10, 2025

    DONE DEAL: Super Eagles’ Forward, Osimhen Tells Napoli To Finalise Galatasaray Transfer

    July 10, 2025
    Advertisement
    WIDGET ADS
    News Point NG
    © 2025 NEWS POINT NIGERIA Developed by ENGRMKS & CO.
    • Home
    • About us
    • Disclaimer
    • Our Advert Rates
    • Privacy Policy
    • Terms of Use

    Type above and press Enter to search. Press Esc to cancel.

    Join Us On WhatsApp