Nigeria Exported Petrol Worth N371bn In Q2 – NBS

Nigeria exported premium centrifugal tone (PMS), popularly called petrol, valued astatine N371 cardinal successful the 2nd 4th of 2025, information from the National Bureau of Statistics (NBS) has shown. This is the archetypal clip the merchandise has appeared successful the country’s export records.

This milestone follows the start-up of the Dangote Petroleum Refinery and its archetypal recorded shipment of the product.

The NBS study besides showed a 89.2 per cent diminution successful petrol (PMS) importation during Q2, signalling an summation successful home accumulation capableness and export orientation.

Figures from the NBS showed that petrol accounted for 1.63 per cent of full exports successful the quarter, compared to zero successful the erstwhile 4th and the aforesaid play of 2024.

Of the recorded shipments, N85.83 cardinal worthy was delivered to West Africa. At the aforesaid time, implicit three-quarters recovered markets successful Asia and the Middle East, highlighting the refinery’s planetary predisposition from the onset.

Despite this progress, the state imports importantly larger volumes than it exports.

Petrol imports successful Q2 2025 reached N2.38 trillion, a alteration from N4.36 trillion successful the aforesaid 4th of 2024 but inactive much than six times the worth of exports.

The combined import measure for the archetypal fractional of 2025 was N4.14 trillion, down astir fractional from N8.18 trillion successful 2024.

Adding petrol to Nigeria’s export database offers caller overseas speech net erstwhile crude lipid accumulation struggles to conscionable targets.

The improvement strengthens Nigeria’s relation successful West Africa’s substance proviso chain.

The portion inactive sources adjacent to 70 per cent of its petrol from extracurricular Africa, making Nigeria’s introduction arsenic a supplier a imaginable game-changer.

If sustained, it could besides displacement pricing powerfulness distant from accepted European and Asian exporters.

Industry analysts recognition caller authorities policies, refinery upgrades, and improved proviso concatenation absorption for this turnaround.

The surge successful petrol exports reflects Nigeria’s increasing quality to conscionable section request from home refineries, reducing reliance connected imports. This improvement could positively interaction the nation’s overseas speech reserves and equilibrium of trade.

However, experts caution that sustaining this export momentum volition necessitate continued concern successful refinery infrastructure, regulatory support, and stableness successful crude supply.

This milestone underscores Nigeria’s imaginable to alteration its lipid and state assemblage from import-dependent depletion to a nett exporter of refined petroleum products.