According to data obtained from the National Bureau of Statistics (NBS), Nigeria imported gas turbines for electricity generation valued at N22.607 billion in the first quarter of 2017, Vanguard reports.
The NBS, in its First Quarter 2017 Foreign Trade Statistics, disclosed that the amount was expended on the acquisition of 5,000 kilowatts (KW) turbines from three different countries. Specifically, gas turbines valued at N21.44 billion were imported from Germany; the United States sold gas turbines valued at N1.248 billion to Nigerian companies; while N0.792 million gas turbines were imported from India.
Furthermore, the NBS stated that Europe recorded the highest buyer of Nigeria’s crude oil, as the country exported N810.287 billion to the continent in the quarter under review. Also, the report indicated that Nigeria exported crude oil valued at N749.227 billion to Asia; N450.586 billion to the Americas; and N361.56 billion to other African countries.