August 3, 2025

Africa bleeds 90 billion yearly over Importation of substandard fuel

Business

Dangote: Africa Bleeds $90bn Yearly to Importation of Substandard Fuel

News Report – July 23, 2025 Africa is losing approximately $90 billion annually due to the continuous importation of substandard petroleum products, according to Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited. Dangote made this revelation while addressing stakeholders at a recent industry forum, where he emphasized the economic and environmental costs

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