Petrol Imports Drop by Over N2tn as Dangote Refinery Boosts Local Supply
Nigeria’s petrol imports fell by over N2tn in Q1 2025, dropping to N1.76tn from N3.81tn a year earlier, due to increased output from the Dangote Refinery.
This marks a 54% year-on-year decline, reflecting reduced reliance on foreign fuel. Despite ongoing imports from ECOWAS, the refinery—now operating at 85% capacity—is reshaping the petroleum trade landscape. Dangote has hinted at a major overhaul of the downstream sector, promising broader economic benefits and improved fuel availability.
