Nigeria's shipping continues to slump, and ships are plunging

2017-09-17

Because of shortage of foreign exchange, in the past two years, the ships of the Nigerian imports by 774 billion naira ($2.15 billion) dropped to 319 billion naira ($885.9 million).

It is understood that the central bank of Nigeria currency policy may make it harder for Nigeria from last year start to imports from China, the United States and South Korea and other countries more ships.

The Nigerian government has luxury yachts, ships, bulk carriers, oil platform tugboat and barge ships such as import tariffs from 20% to 70%.

Before the pressure of foreign exchange, Nigeria 2013-2014, imported from South Korea ship value of $2.04 billion.

In addition, the Nigerian imports from the United States, China, the Netherlands, Turkey respectively ships $266.6 million, $405.9 million, $108 million, $19.45 million, also from France ($28.49 million), Indonesia ($14.04 million), Romania ($12.56 million), Singapore ($23.4 million), the British imported vessels ($17.27 million).


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