Nigeria’s total import from Malta rose to N766.81 billion in the third quarter of 2024, according to an analysis of the foreign trade statistics reports released by the National Bureau of Statistics (NBS).
Although the specific product imported from Malta was not disclosed by the NBS, there were earlier controversies on the sudden increase in Nigeria’s import from the small Southern European country, following an accusation by Aliko Dangote, chairman of Dangote Industries Limited, against Nigerian National Petroleum Company Limited (NNPCL).
Checks by Daily Trust revealed that there was no record of import from Malta in the first and second quarters of 2024.
However, by Q3 2024, the import from this country accounted for 5.23% of Nigeria’s total import of N14.67 trillion.
Malta was Nigeria’s fifth largest import trading partner in this quarter, according to the NBS.
The report read, “Analysis by trading partners reveals that imports from China were valued at N3,574.79 billion, representing 24.36% of total imports. This was followed by imports from India with N1,662.68 billion (11.33% of total imports), Belgium with imports valued at N1,632.89 billion or 11.13% of total imports, United States of America with goods valued at N1,024.44 billion (6.98% of total imports) and goods from Malta valued at N766.81 billion or 5.23% of total imports.”
The figure recorded in Q3 2024 is the highest value of import from Malta on record.
The N766.81 billion recorded in only Q3 2024 is 74.1% of the total imports from Malta recorded in three quarters of 2023.
Further check revealed that the import from Malta was 8.41% of the total import from Europe, which was about N12.25 trillion in 2023.
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