The world of Nigerian refining is an enigma shrouded in a mystery. Although the story of Nigeria’s refining has been a friction point for some years already, it boggles the human mind how one of the world’s most hydrocarbon-endowed nations has essentially no operational refinery and relies overwhelmingly on product imports to satiate its ever-growing product demand. As is often the case with emerging economies, the inability to cater to domestic needs engenders murky schemes that often serve the purpose of enriching those who have very little consideration for the woes of the Nigerian populace. Taking into consideration everything that has been said above, it seems somewhat counterintuitive that the Nigerian national oil company NNPC would try to find a way into Nigeria’s private refineries. The move is a natural continuation of the Buhari government’s intent to let NNPC into private downstream enterprises, mandating that any refinery whose throughput […]