Africalink | Deutsche Welle
How rising fuel imports shake Nigeria's local economy
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:25:30
- More information
Informações:
Synopsis
Nigeria spent a record 15 trillion naira ($10 billion) on fuel imports in 2024, the highest in its history. While imports are easing fuel prices and spurring market competition, experts warn they could undermine efforts to boost local refinery capacity and reduce inflation.
