Local crude shortage crippling Nigerian refineries – MAN

The Manufacturers Association of Nigeria (MAN) has warned that a shortage of locally produced crude oil is crippling Nigerian refineries, forcing them to import oil despite the country being a major crude exporter. This paradox undermines Nigeria's energy security and industrial capacity. The shortage stems from underinvestment in domestic refining infrastructure, pipeline vandalism, and contractual issues between the Nigerian National Petroleum Corporation (NNPC) and local refineries. MAN calls for urgent government intervention to prioritize local crude supply and revive the nation's refining sector. The situation highlights systemic inefficiencies in Nigeria's oil and gas industry, which has long relied on exporting crude and importing refined products.

Global Impact

Economically, the shortage perpetuates Nigeria's vulnerability to global oil price swings and limits value addition from its crude resources. Politically, it fuels public discontent over energy costs and industrial decline, potentially influencing the 2025 elections.