Dangote Refinery can’t meet Africa’s fuel needs alone, FG woos fresh investors
The Federal Government has called for a fresh wave of investment in Nigeria’s oil and gas value chain, declaring that the Dangote Refinery, despite its expanding capacity, cannot single-handedly satisfy Africa’s growing demand for refined petroleum products. Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said Nigeria must use the success of the Dangote […] The post Dangote…
The Federal Government has called for new investment in Nigeria's oil and gas industry, emphasizing that the Dangote Refinery alone cannot meet Africa's growing demand for refined petroleum products. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), urged for more investors in refining, midstream and downstream segments of the petroleum industry.
The call came at the second West Africa Refined Fuel Market Conference in Abuja, where stakeholders discussed developing a transparent regional market for refined petroleum products. The conference aimed to find ways to finance infrastructure and improve distribution across the sub-region. Lokpobiri highlighted Nigeria's strategic position and expanding refining capacity to become a major hub for petroleum products.
He urged stakeholders to replicate the success of the Dangote Refinery and develop a more integrated West African petroleum market.
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