Nigeria: A Modular Refinery Strategy Needed

21 December 2015
editorial

THE euphoria following the inauguration of President Muhammadu Buhari's regime seven months ago .appears dampened by a plethora of economic problems, one of which is the savage return of fuel scarcity, which has been on for two months.

Fuel shortage is a manifestation of multi-dimensional challenges facing the petroleum industry: deregulation of the downstream sector, removal of the petroleum product subsidy, product supply challenges arising from non-functional refineries, illegal artisanal refining business in the Niger Delta, crude oil theft and poor maintenance/management of the more than 5,000km oil pipelines in Nigeria. Corruption is a central player in all these.

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