Fuel supply prospects in Nigeria may be improving as the Nigerian National Petroleum Company Limited (NNPC) significantly increased crude oil deliveries to the Dangote Petroleum Refinery & Petrochemicals in March.
According to the refinery, crude supply rose to 10 cargoes—with 6 paid in naira and 4 in dollars—marking a major boost in feedstock availability.
💡 What this means:
- Improved crude supply could enhance fuel production stability
- Potential for better petrol availability nationwide
- Positive signal for local refining capacity growth
However, Aliko Dangote raised concerns over international oil companies operating in Nigeria, accusing them of prioritizing sales to foreign traders instead of supplying local refineries.
⚠️ He noted that this forces the refinery to buy back crude at higher prices, increasing production costs and impacting the broader economy.
📊 The development highlights ongoing challenges in Nigeria’s oil sector—even as local refining gains momentum.
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