Oil
Africa’s refining capacity must reflect local purchasing power, industrial needs —Oyebanji
CEII brief
Nigerian Tribune reported on 2 Nov 2026: Africa’s refining capacity must reflect local purchasing power, industrial needs —Oyebanji.
Read the full story on Nigerian TribuneAfrica must develop refining capacity and energy solutions that reflect the continent’s purchasing power, infrastructure limitations and industrial needs to strengthen energy security and improve the competitiveness of its downstream petroleum industry, Chairman of OTL Africa…
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
85.9% of Nigeria’s merchandise exports were fuels in 2025Countries in this story
Original reporting © Nigerian Tribune. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
