Nigeria Spends N9 Trillion on Petrol Imports Amid Local Refinery Challenges

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Nigeria TV Info 

Nigeria Spends N9 Trillion on Petrol Imports Amid Local Refinery Challenges

Nigeria has spent an estimated N9 trillion on importing petrol over recent years, highlighting ongoing challenges in local refining capacity. Despite being Africa’s largest oil producer, the country continues to rely heavily on imported fuel, straining the economy and worsening foreign exchange pressures. Analysts urge urgent investment in domestic refineries and infrastructure to reduce import dependency.


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