Tag: Nigeria’s oil challenges

NOVANEWS SCR Audu Liberty Oseni Despite strong-arm efforts to stamp out unlicensed local refining in Africa’s largest oil producer, the practice continues and is a major source of livelihood for those involved. Maybe it is time the government recognized and regulated local oil refining instead of relying on imports of petroleum products. Since the discovery of oil in 1958, Nigeria is yet to find solutions to her crude refining and exploration and has over the years relied on importation of refined petroleum products. Successive governments had made promises on building functional local refineries and addressing the rot in the oil sector. Unfortunately, none of them has repositioned the sector. In one of the efforts Mr. Olusegun Aganga, the former Min...