Nigeria Exports N105.5bn Petrol to Togo in Q1 2026
In the first quarter of 2026, Nigeria exported premium motor spirit (petrol) valued at N105.5 billion to Togo, according to data from the National Bureau of Statistics. This development indicates a dramatic shift in Nigeria's downstream petroleum sector, which has historically relied heavily on imports due to inadequate domestic refining capacity.
In 2023, Nigeria imported approximately N117 million worth of petroleum products from Togo, with projections of N72.77 million for 2024. The surge in petrol exports to Togo is linked to the increased refining output from Dangote Petroleum Refinery, which has transformed fuel supply dynamics in the sub-region.
Matthew Tracei Cook from S&P Global Commodity Insights noted that Dangote's products are increasingly dominating the waterborne petroleum imports into Nigeria. The offshore trade hub in Lom, Togo, plays a strategic role in distributing these products across West Africa, addressing regional fuel shortages.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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