Nigeria Spends N5.3 Trillion on Fuel Imports in First Nine Months of 2025 Under Tinubu
Nigeria imported fuel worth N5.3 trillion in the first three quarters of 2025, according to National Bureau of Statistics data. Q1 imports totaled N1.76 trillion, rising to N2.37 trillion in Q2, and N1.2 trillion in Q3. This reliance on imported fuel contradicts President Bola Tinubu’s 2024 promise to end fuel importation and continues to strain the country’s foreign exchange reserves. Meanwhile, state refineries remain non-operational and heavily indebted.
Nigeria imported fuel worth N5.3 trillion in the first three quarters of 2025, according to National Bureau of Statistics data. Q1 imports totaled N1.76 trillion, rising to N2.37 trillion in Q2, and N1.2 trillion in Q3. This reliance on imported fuel contradicts President Bola Tinubu’s 2024 promise to end fuel importation and continues to strain the country’s foreign exchange reserves. Meanwhile, state refineries remain non-operational and heavily indebted.
Nigeria Spends N5.3 Trillion on Fuel Imports in First Nine Months of 2025 Under Tinubu
Nigeria imported fuel worth N5.3 trillion in the first three quarters of 2025, according to National Bureau of Statistics data. Q1 imports totaled N1.76 trillion, rising to N2.37 trillion in Q2, and N1.2 trillion in Q3. This reliance on imported fuel contradicts President Bola Tinubu’s 2024 promise to end fuel importation and continues to strain the country’s foreign exchange reserves. Meanwhile, state refineries remain non-operational and heavily indebted.
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