What do you believe is the single most important factor driving up the cost of living in Nigeria?

According to the report, the top export items included crude petroleum oils and oils obtained from bituminous minerals valued at N1.63tn, natural gas worth N191.93bn, and other petroleum gases in gaseous state at N157.05bn.

On the import side, Nigeria imported goods worth N261.06bn from Spain, with the major imports being motor spirit, ordinary (N145.24bn), mixed alkylbenzenes and mixed alkylnaphthalenes (N30.56bn), and gypsum (N18.83bn).

Exports to the United States accounted for 9.56 per cent of total exports, amounting to N1.86tn.

The largest export commodity was crude petroleum oils valued at N1.62tn, followed by urea, whether or not in aqueous solution, which was worth N86.54bn, and other petroleum gases in the gaseous state valued at N81.31bn.

Nigeria’s imports from the U.S. totalled N971.84bn. Key imports included butanes (N234.99bn), used vehicles with diesel or semidiesel engines (N102.97bn), and motor spirit, ordinary (N93.32bn).

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