DW AfricaLink podcast

How rising fuel imports shake Nigeria's local economy

0:00
25:30
15 Sekunden vorwärts
15 Sekunden vorwärts
Nigeria spent a record 15 trillion naira ($10 billion) on fuel imports in 2024, the highest in its history. While imports are easing fuel prices and spurring market competition, experts warn they could undermine efforts to boost local refinery capacity and reduce inflation.

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