A breakdown of the figures shows that the refinery is supposed to get about 19.77 million barrels of crude monthly, but it got 4.55 million barrels in October, 6.45 million barrels in November, 4.30 million barrels in December, 5.65 million barrels in January, and 4.66 million barrels in February. In total, crude supplied within the five-and-a-half-month period stood at 29.21 million barrels, compared to an estimated 108.74 million barrels required for the same duration. Meanwhile, the 79.53 million barrels not supplied represented an estimated $5.40bn in crude value that Dangote refinery could not access. In October, the supply of 4.55 million barrels accounted for roughly 23 per cent of demand, while December’s 4.30 million barrels represented about 21.7 per cent. January’s 5.65 million barrels translated to approximately 28.6 per cent, and February’s 4.66 million barrels stood at about 23.6 per cent of required volumes.

Source: Punch March 25, 2026 12:19 UTC