Analysts called on the federal government to address structural factors, which have jacked up the cost of production of goods, thereby encouraging importation over local production.The analysts urged the federal government to also narrow the trade imbalance by making exports more attractive than imports, adding that “though devaluation becomes a tool in achieving this.”They urged the government to invest in value addition to raw materials and agricultural products as well as create a conducive environment for manufacturers.The National Bureau of Statistics says Nigeria’s total external merchandise increased to N9.76 trillion in the first quarter of the year, representing a 6.99 per cent rise over the N9.12 trillion recorded in the preceding quarter.