How Naira Devaluation Affects Nigerian Buyers in 2026

Imported goods keep getting more expensive. Here is how to cope.

What Is Happening

The naira has weakened against the dollar over the last few years, making imports more expensive.

What Gets More Expensive

  • Phones and electronics (mostly imported)
  • Cars (tokunbo especially)
  • Fashion (imported brands)
  • Machinery and equipment

What Stays Relatively Stable

  • Locally made products
  • Local food and agriculture
  • Locally made furniture
  • Services

Buyer Strategy

  • Buy local when possible
  • Do not wait too long — prices rise
  • Consider slightly used items
  • Buy in bulk before further increases

Seller Strategy

  • Price in naira only
  • Restock frequently
  • Source locally where possible