Dangote Imports 60m Barrels, Nigeria's Petrol Bill Hits N4tn

Dangote's crude oil imports reached 60 million barrels in the first half of the year, contributing to Nigeria's petrol bill swelling to N4 trillion. The Dangote refinery aims to end fuel imports by mid-2025 but faces challenges.

Data from the National Bureau of Statistics revealed the import figures, with Dangote Group's President, Aliko Dangote, sharing insights at a conference in Abuja. The country's reliance on imported fuel has led to significant costs, highlighting the urgency to boost local refining capacity to reduce capital flight.

The statistics underscore the ongoing struggle to achieve self-sufficiency in fuel production in Nigeria.