In a bold appeal to reshape Nigeria’s oil industry, the Dangote Refinery has called for a significant shift in how crude oil is sourced within the country. The refinery advocates for Nigerian refineries to buy crude directly from local producers, bypassing international middlemen.
This move, according to Dangote Refinery, would not only streamline the supply chain but also reduce costs, ensuring that Nigeria’s wealth in crude oil benefits its own economy more directly. By cutting out foreign intermediaries, the refinery believes that this approach will boost local production, enhance refinery efficiency, and keep more of Nigeria’s oil wealth within its borders, ultimately leading to lower prices for consumers.
The proposal highlights the potential for a more self-sufficient and robust oil industry in Nigeria, one that better serves the nation’s interests.
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