Dangote Blames Crude Shortage, Turns to US for Oil Imports

The President of Dangote Group, Aliko Dangote, revealed that his 650,000-barrel-per-day refinery is increasingly depending on crude oil imports from the United States due to a shortage of local supply in Nigeria.

Between April and July 2025, the Dangote Petroleum Refinery is expected to import about 17.65 million barrels of crude, with 3.65 million barrels already received in the last two months. This is happening despite efforts under the Federal Government’s naira-for-crude policy, which aims to prioritize local crude allocation.

Dangote made these remarks during a visit by Mrs. Maureen Ogbonna, head of the Technical Committee of the One-Stop Shop for crude and refined product sales in naira, who praised the refinery for its positive economic impact across multiple sectors.