Nigeria, Dec. 12 -- Nigeria's expenditure on imported petroleum products reached N1.28 trillion in the third quarter of 2025, according to fresh data released by the National Bureau of Statistics on Thursday.

Although the figure marks a decline from the N2.3 trillion recorded in the previous quarter, it reinforces the country's continued dependence on foreign fuel supplies despite ongoing refinery expansion efforts.



The News Chronicle gathered that the drop in Q3 spending reflects a mix of reduced import volumes and shifting global oil dynamics rather than any significant improvement in domestic refining output.

Analysts say the country is still grappling with supply gaps, high crude prices and lingering pressure on the foreign exch...