Nigeria spent N1.28 trillion on gasoline imports within the third quarter of 2025.
That is based on the most recent knowledge from the Nationwide Bureau of Statistics (NBS) launched on Thursday.
The determine highlights the nation’s sustained reliance on imported petroleum merchandise regardless of ongoing efforts to develop native refining capability.
The Q3 2025 expenditure represents a decline from the N2.3 trillion recorded within the earlier quarter.
The pattern displays enduring provide shortfalls, elevated international oil costs, and Nigeria’s restricted home refining output.
For broader context, Nigeria spent N15.4 trillion on gasoline imports in 2024 alone — a determine that positioned huge pressure on the nation’s international change reserves and was a key driver of naira volatility all year long.
Petrol imports over the past 5 years
- In 2020, Nigeria spent N2.01 trillion on gasoline imports.
- In 2021, this greater than doubled, rising 126.9% to N4.56 trillion amid elevated import dependence and international worth volatility.
- The upward pattern continued in 2022, with prices surging 69.1% to N7.71 trillion because of increased crude costs and weak home refining.
- In 2023, petrol import spending dipped barely by 2.6% to N7.51 trillion, doubtless reflecting short-term market changes equivalent to foreign exchange realignments and decrease international oil costs.
- In 2024, import prices spiked 105.3% to N15.42 trillion — the very best on document, largely pushed by a 40.9% depreciation of the naira, which sharply inflated local-currency import prices.
What you need to know
In October, Dangote Refinery introduced plans to develop its manufacturing capability from 650,000 barrels per day to 1.4 million barrels per day, a transfer that can make it the biggest refinery on this planet as soon as accomplished, surpassing India’s Jamnagar Refinery.
This growth, analysts say, positions Nigeria to grow to be a world refining powerhouse, able to assembly not solely its home gasoline demand but additionally supplying refined petroleum merchandise to different African and worldwide markets.
The Federal Authorities declared its full assist for Dangote Refinery’s plan to spice up manufacturing capability to 1.4 million barrels per day (bpd), describing the undertaking as a “game-changer” for Nigeria, West Africa, and your entire continent.
Earlier, the Organisation of Petroleum Exporting Nations (OPEC) reported that Nigeria’s crude oil manufacturing climbed marginally to 1.436 million barrels per day (bpd) in November, up from 1.401 million bpd in October.
Newest FG’s knowledge reveals that Nigeria’s each day petrol consumption dipped to a mean of 52.9 million litres per day in November 2025, reflecting a notable shift in nationwide gasoline demand patterns.