Oseni Rufai Explains How EU Is Benefitting At Nigeria's Expense

 The EU earns ≈ €45 billion from Nigeria every single year — that’s €123 million a day.

Here’s the 2024–2025 breakdown (official EU & Nigerian Customs data, released Oct 2025):

1. Oil & Gas (72%)

• Nigeria ships 1.6 million barrels/day to Europe

• 2025 avg. Brent price: $78/barrel

• €36.2 bn cash straight to EU energy giants (Shell, Total, Eni, BP)

2. Cocoa, Sesame, Leather (18%)

• EU buys €8.1 bn of Nigerian farm & raw materials

• Germany alone takes €2.4 bn cocoa beans

3. Re-exports & Services (10%)

• Dutch ports re-export Nigerian LNG → €4.5 bn

• French banks & insurers skim €1.2 bn fees

Grand total: €45.1 billion (2024 actual)

€45.8 billion (2025 Jan–Sep run-rate)

Compare to what Nigeria gets back:

• EU aid + loans: €680 million

• Net flow: Nigeria → EU = €45 bn OUT, €0.68 bn IN

→ 66 times more leaves than arrives

Fun (painful) facts

• €45 bn = 3× Nigeria’s entire 2025 health + education budget

• One Rotterdam refinery makes €9 bn profit on Nigerian crude alone

• Shell’s Nigeria dividend to EU shareholders: €5.6 bn last year

Bottom line:

The EU extracts ≈ €45 billion from Nigeria yearly — more than the GDP of 12 African countries combined.

That’s the real “partnership”. 😕

Sources: EU Commission DG-TRADE Oct 2025, Nigerian Customs Service, Shell/Total Q3 reports.

https://x.com/ruffydfire/status/1985946114600657111?t=GDeGOwMfgGH4zgAe4615aA&s=19