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Africa Losing $90bn Annually to Imported Substandard Fuel

AFRICA, JUL 23 – Africa imports over 120 million tonnes of refined petroleum annually, losing $90 billion due to limited refining capacity and fragmented fuel standards, Dangote said at a West African conference.

  • At Tuesday’s conference in Abuja, Aliko Dangote highlighted a $90 billion annual loss to importing substandard fuel.
  • Despite high crude output, Aliko Dangote said Africa refines only 40% domestically, forcing over 120 million tonnes of annual imports.
  • Farouk Ahmed reported that West Africa trades 2.05 million MT of gasoline monthly, 69% imported, against 1.335 million bpd refining capacity.
  • Aliko Dangote warned that exporting crude and importing fuels drains jobs, investment and industrial growth, while exposing markets to toxic products.
  • According to the OPEC World Oil Outlook, Farouk Ahmed projected a 1.2 million bpd refining capacity gain by 2030, and Aliko Dangote urged governments to adopt protective measures like those in the US, EU and Canada.
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Business Elites Africa broke the news in on Tuesday, July 22, 2025.
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