Tag
FUEL IMPORTS
Nigeria’s crude oil exports plunged by N3.18 trillion in the first half of 2025, underlining the country’s continued struggles with output levels and global market shifts.
Nigeria has spent a total of N4 trillion on fuel imports in just the first six months of 2025.
Nigeria’s gasoline imports have dropped to the lowest in almost years, as the Dangote refinery ramps up production and pushes out foreign suppliers.
Data from the National Bureau of Statistics reveals that Nigeria spent a staggering N3.5 trillion on fuel imports in the second half of 2023.
The Nigerian Government said it will put an end to the importation of fuel by 2024, citing the commencement Dangote and Port Harcourt Refinery
Nigeria spent a total of N4.56 trillion on the importation of moto spirit (fuel) in 2021 about 128% higher than the N2 trillion spent on fuel importation in 2020.