The End Of Petroleum Imports Regime In Nigeria

Nigeria is entering a decisive new phase in its energy history. For more than three decades, the country survived on the unstable foundation of imported petroleum products, an arrangement that left the economy exposed to global price shocks, foreign exchange scarcity, and volatile geopolitical risks far beyond Nigeria’s control.

Today, that long-standing import regime is being fundamentally redefined by the emergence of the Dangote Petroleum Refinery, the world’s largest single-train refining facility.

The debate surrounding this transition has become increasingly loud, but the core facts remain straightforward: importation is inherently unstable, local refining is strategically superior, and Nigeria finally has the capacity to meet its own demand.

By Dan D. Kunle

Full story at Leadership