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Reading: Nigeria Imports $56M Fuel from Togo Amid Refinery Delays
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Nigeria Imports $56M Fuel from Togo Amid Refinery Delays

By
Ogungbayi Feyisola Faesol
ByOgungbayi Feyisola Faesol
Faesol is a journalist at Okaynews.com, reporting on business, technology, and current events with clear, engaging, and timely coverage.
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March 16, 2026 - 11:14 am
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Abuja, Nigeria – Nigeria spent 84.69 billion naira, about $56.5 million USD, on petrol imports from Togo in the fourth quarter of 2025. This dominated trade with the West African neighbor. The National Bureau of Statistics revealed the figures, showing Nigeria’s heavy fuel reliance.

Total imports from Togo reached 88.91 billion naira in that period. Petrol took 84.69 billion naira, leaving little for items like hides, soybean oil, and postage materials. Togo led African suppliers for Nigeria’s gasoline needs.

Okay News reports broader import patterns. Nigeria pulled 221.15 billion naira of petrol from Brazil and 1.22 trillion naira from the Netherlands. Overall, petrol imports hit 3.54 trillion naira in Q4 alone.

The country, Africa’s top crude producer, imports most refined fuel due to idle state refineries. This drains foreign exchange yearly. Trade balance suffers from the ongoing gap.

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Dangote Refinery now supplies 40.1 million litres of Premium Motor Spirit daily. It aims for 700,000 barrels of crude per day at full capacity. Deals with 12 oil marketers promise 60-65 million litres daily distribution.

Local refining could ease import bills soon. Government pushes capacity growth. Consumers still face high pump prices from global oil shocks.

Imports highlight refining gaps despite oil wealth. Nigeria eyes self-sufficiency through private plants. Fuel stability remains key for economic relief.

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