Nigeria spends over $1.2 billion in paper imports yearly

Read so far

Nigeria spends over $1.2 billion in paper imports yearly

May 10, 2017 - 03:22
Posted in:

PORT-LOUIS, Mauritius, May 10, 2017 (Press Release) -Nigeria imports each year over N400bn ($1.2 billion) worth of paper due to an extremely weak local paper output, Leadership reports

According to the website, 90% of papers used to produce newspapers in the country is imported.

This is due to the fact that the nation “has no forest that has pulpwood (which is used to make paper) in sufficient quantities to meet the demands of the paper industry”, said Ebun Braithwaite, Managing Director of the Nigerian National Paper Manufacturing Company (NNPMC) Ltd.

Ecofin Agency - Nigeria spends over $1.2bn in paper imports yearly

RISI is not responsible for the reliability or availability of content on external websites.