Aliko Dangote Raises Concerns Over Nigeria’s Skyrocketing Oil Imports from Malta

Following Aliko Dangote's allegations of illicit activities in the petroleum sector, Nigeria's oil imports from Malta have surged dramatically. According to Trade Map, a global trade statistics database, the value of Nigeria's petroleum imports from Malta increased 43-fold over the past decade, from $47.5 million in 2013 to $2.08 billion in 2023, marking a 342% rise.

Previously, Malta was not considered a major player in the oil market or a significant source of refined petroleum imports for Nigeria. Dangote, chairman of Dangote Industries Limited, has accused personnel from the Nigerian National Petroleum Company (NNPC) Limited, oil traders, and terminals of establishing blending plants in Malta, potentially contributing to the spike in imports.

Dangote highlighted that despite Nigeria's production of high-quality petroleum at 650,000 to 700,000 barrels per minute (bpm), inferior fuel imports are causing vehicle issues. He asserted that some NNPC personnel and traders are involved in these blending operations in Malta, a fact well-known among industry stakeholders.

In response, NNPCL Group Chief Executive Officer Mele Kyari denied any involvement, clarifying that he does not own or operate any business related to the allegations.

This situation has raised concerns and may prompt further investigations into Nigeria's petroleum import practices and the integrity of the imported fuel.