fadlain

@abdoul_gano @adamugarba well said bro, but don't forget our differences is holding us . if one president from north go ahead to align with RIC , surely western world will use people from south to truncate everything. see what it's happening in the contry now. we are immature compring our diffences

@adamugarba We lack the political will!!! Our leaders are afraid of the Westerners. I don't think there is a Nigerian leader who can publicly align with the RIC group. Bunch of cowards 😤 🤧

Why can’t Nigeria refine its own oil? There is a bitter irony at the heart of Nigeria’s energy story. A nation that sits atop some of the world’s richest hydrocarbon deposits has, for decades, been unable to refine sufficient fuel for its own population. Nigerians have paid the price of this structural contradiction through repeated fuel scarcity, suffocating queues at filling stations, and an economy perpetually held hostage by the price of imported refined petroleum products. The Hormuz crisis just stripped away whatever thin insulation of normalcy had accumulated over the years. The commissioning of the Dangote Refinery in 2024 was greeted with optimism. With an initial capacity of 650,000 barrels per day (bpd) and an ambition to expand to 1.4 million bpd, it was positioned as the transformative answer to Nigeria’s chronic refining deficit and a statement of industrial sovereignty. Yet the promise has been undermined by a fundamental contradiction: Nigeria’s oil, extracted from its own land, is systematically routed away from its own shores. International oil companies (IOCs) operating in the country have demonstrated a persistent preference for exporting crude to global spot markets rather than supplying domestic refineries. The result has been a structural feedstock crisis; the Dangote Refinery has been compelled to import crude from the US and other African countries, a situation of almost surreal policy failure. The Nigerian National Petroleum Company’s (NNPC) reliance on partial payments in naira and dollars to supply the refinery has further undermined pricing stability and deterred consistent local supply. Aliko Dangote, the president of the Dangote Group, has publiclylamented the unwillingness of IOCs to sell crude directly to the refinery, describing the situation as a structural impediment to domestic energy security. When the Hormuz crisis pushed global crude prices above $114 per barrel, these vulnerabilities crystallized into a full-blown crisis. The volatility in petrol prices through the first quarter of 2026 was jarring for ordinary Nigerians. Prices surged from ₦870 ($0.65) to ₦1,300 ($0.97) per litre in March 2026, mirroring the spike in international crude markets. rt.com/africa/639584-…

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