Aliko Dangote, President of Dangote Group, revealed that the Dangote Refinery is increasingly relying on crude oil imports from the United States due to a shortage of domestic crude supply.

The statement was made during a visit by the coordinator of the One-Stop-Shop for Naira-for-Crude, who praised the refinery’s role in Nigeria’s industrial growth and economic emancipation.

Dangote lauded the Naira-for-Crude initiative for stabilizing petroleum prices and easing pressure on the local currency, despite ongoing challenges with domestic crude availability.

Data indicates that crude oil imports are a significant part of Nigeria’s trade, with the refinery expected to receive 17.65 million barrels of crude oil from April to July 2025, highlighting reliance on foreign crude, particularly US sources.