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Petrol import into Nigeria between the 1st quarter of 2018 and the 1st quarter of 2021 (in billion Naira)

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Source

Release date

June 2021

Region

Nigeria

Survey time period

Q1 2018 to Q1 2021

Citation formats

Petrol import in Nigeria 2018-2021

Published by
Doris Dokua Sasu,
Jun 10, 2021
Oil, fuel, and distillation products represent Nigeria's main import sector. Between January and March 2021, the import of petrol into Nigeria amounted to *** trillion Naira. According to the most recent data, published by the Nigerian company , there was a slight increase in the import value of oil in the last three quarters. However, the highest value was recorded in the third quarter of 2018, when roughly *** billion Naira of petrol were exported to Nigeria.

Nigeria's oil sector contributes to about **** percent of the country's GDP and represents the main source of export value. Nigeria is the *** largest oil producer worldwide and the first on the whole African continent.
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