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Can Dangote refinery fix Nigeria’s oil woes? – DW – 10/04/2024

Can Dangote refinery fix Nigeria’s oil woes? – DW – 10/04/2024

Roadside Tire Fixer Struggles Amid Nigeria’s Fuel Crisis

Rasheed Sule, a tire repairman in Lagos, Nigeria, faces challenges due to the ongoing fuel crisis in the country. With fuel prices soaring, Sule struggles to access the fuel needed to run his air pump, impacting his daily work.

Nigeria, a leading oil-producing nation, is facing long queues at gas stations, affecting consumers like Sule who spend hours waiting for fuel. Despite the hope pinned on the new oil refinery by billionaire Aliko Dangote, the facility is unable to resolve the fuel shortages and price hikes as anticipated.

Analysts argue that the Dangote refinery, though large, is insufficient to address Nigeria’s fuel challenges. The refinery’s reliance on imported crude oil further complicates the pricing and availability of fuel in the country.

As the government grapples with the impact of the fuel crisis on consumers, it is clear that a comprehensive solution involving multiple refineries and market players is needed to stabilize prices and ensure adequate fuel supply in Nigeria.

Edited by: Benita van Eyssen



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