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Africa spent a staggering $120 billion importing fuel in 2024...
30 Oct, 2025 13:58 27 min read
Africa imported $120 billion in hydrocarbon products last year, emphasizing its energy potential. Nigeria's Minister of State for Petroleum pointed out the challenges of inadequate refining capacity and distribution. The Dangote Oil Refinery in Nigeria has decreased the country's dependency on oil imports and enables fuel exports, transforming Nigeria from an importer to an exporter in Africa.... More