Nigeria Imports N12.8 Trillion Petrol in 15 Months, Limited Local Production Capacity Revealed

Nigeria has imported petrol worth N12.8 trillion in 15 months, highlighting the country's heavy reliance on imports amidst efforts to boost local refining capacity. The data shows fluctuations in import volumes, with Dangote Refinery playing a limited role in local supply.

The country aims to reduce import dependency and support local refineries to enhance self-sufficiency in the oil and gas sector.