Nigeria Imports 60.4bn Litres of Petrol in 32 Months Amid FX Crisis

With zero local production of petrol in the 32 months spanning January 2021 to August 2023 and amid dwindling FX inflow, Nigeria imported 60.428 billion litres of petrol from Europe, THISDAY investigation has revealed.

However, data obtained from the National Bureau of Statistics (NBS) indicated that the country which imports most of its fuels from Belgium, The Netherlands, Norway and India, ranging between 1.4 billion litres and 2.5 billion litres per month, massively slashed import to 1 billion litres in August.

Read more at Thisdaylive

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