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Nigeria Slashes Petrol Imports as Local Refining Capacity Surges

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Ahmed Boulor

Ahmed Boulor is a Nigerian journalist who is versed in covering content regarding political economy, business, tech and energy markets
  • Daily imports drop to 14.7 m litres as refineries restart and modular plants scale up
  • Lower dollar demand could bolster the naira and ease inflationary pressures

Lagos, Nigeria – Nigeria’s push to refine its own fuel is finally biting into a decades‑old dependence on foreign petrol. Daily imports fell to 14.7 million litres on 13 April from 44.6 million last August, Nigerian Midstream and Downstream Petroleum Regulatory Authority chief Farouk Ahmed said on Tuesday.

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