Nigeria’s petrol imports dropped by 30 million litres between January and August 2024, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed.
Speaking at the Presidential Communications Team’s “Meet-the-Press” briefing at the State House on Tuesday, NMDPRA CEO, Farouk Ahmed, said the decline in imports was largely due to increased domestic production.
He said local supply grew by 670 percent during the eight-month period, boosted by the phased resumption of operations at the Port Harcourt Refinery in late November and steady output from modular refineries.
Despite the improvement, Ahmed noted that the combined daily supply surpassed the government’s 50 million litre target only in November (56 million litres) and February (52.3 million litres).
In March, supply dipped slightly to 51.5 million litres per day. The trend continued into April, with the first two weeks averaging 40.9 million litres daily.
