Nigerians import fewer goods in Q1 2024 over import duty fluctuations

The Nigeria Customs Service (NCS) has recorded a decline of 15,999 (about 5%) in the volume of Single Goods Declarations (SGDs) for imports in the first quarter of 2024.

The total volume declined from 327,492 SDGs to 311,492 between Q1 2024 and Q1 2023. 

According to a document released by the agency and seen by Nairametrics on Wednesday, there was also a bigger decline of 91,741 (about 23%) when compared to Q1 2022.