July 11, 2024
There are a few reasons why Nigeria, unlike
other major petroleum exporting countries, does not have active refineries for
local consumption of petroleum products. prominent amongst the reasons includes
Corruption and mismanagement. Nigeria’s oil industry has been plagued by corruption and
mismanagement for many years. This has led to the neglect of the country’s
refineries, which have become outdated and inefficient.
Oil theft and pipeline vandalism. Nigeria also suffers from a high level of oil theft and pipeline
vandalism. This has made it difficult to maintain a steady supply of crude oil
to the country’s refineries.
Government policies. The Nigerian government has also made some decisions that have
hindered the development of the country’s refining industry. For example, the
government has imposed high taxes on imported refined petroleum products, which
has made it more profitable for companies to export crude oil than to refine it
locally.
As a result of these factors, Nigeria has
been forced to import most of its petroleum products. This has made the country
more reliant on foreign oil and has increased the cost of fuel for consumers.
However, there are some signs that Nigeria
is finally taking steps to address these problems. The government has recently
announced plans to invest in the refurbishment of the country’s refineries. It
is also considering lifting the ban on the importation of refined petroleum
products. If these measures are successful, Nigeria could eventually become
self-sufficient in petroleum refining.
In addition to the reasons mentioned above,
there are a few other factors that may have contributed to Nigeria’s lack of
active refineries. For example, the country’s population is much smaller than
those of other major petroleum exporting countries, such as Saudi Arabia and
the United States. This means that Nigeria has a smaller demand for petroleum products.
Additionally, Nigeria’s refineries are located in the Niger Delta region, which
is a major area of conflict. This has made it difficult to operate and maintain
the refineries.
Despite these challenges, there is hope
that Nigeria will eventually be able to develop a thriving refining industry.
The country has the potential to be a major player in the global oil market,
and having active refineries would be a key part of achieving this goal. So far Saudi Arabia has the most
active refineries in the world, followed by the United States and Russia. These
three countries are also the top three crude oil producers in the world.
The other
countries on the list are also major crude oil producers, but they have fewer
active refineries. This is because some countries, such as China and India,
import more crude oil than they produce. The number of active refineries in a
country can vary for a number of reasons, including the size of the country’s
oil reserves, the demand for petroleum products, and the government’s policies
on oil refining.
Crude oil exporting countries and numbers
of active refinery
Country Active Refinery
Saudi Arabia 130
Russia 50
United States
America 120
Kuwait 2
Iran 3
UAE 4
China 46
Iraq >15
Canada 15
NIGERIA 0
Venezuela 6
Algeria 5
Libya 5
Qatar 2
Norway
1
Mexico 6
Brazil 19
India 23
Angola 1
Oman 1
Indonesia
6
Kazakhstan 3
Germany 16
Azerbaijan 2
Summary: When they say ” God bless
America “, I don’t think it is because the people who reside in USA are so
religious. I think it is more about the determination of the people towards
solving challenges facing them.
Hospitals, Refineries, etc, are established
in Nigeria and people (Nigerians, Muslims and Christians) are employed to
manage them. But what do we get the moment these persons
are entrusted with mismanagement & control of these common wealth… embezzlement of funds and other primitive wealth acquisition. My Yoruba people say ‘A se ni nse ara e’. What we sow is exactly
what we harvest! We mismanaged our 3 refineries and all packed up simultaneously,
some years ago.
Days of reckoning are here! You see,
there is no magic that Heaven will do if we won’t do what is right! Ccritical thinking
towards problem solving, doing what is right and at the right time, are vital
to a prosperous and peaceful Nigeria.
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