NIGERIA’S LOCAL REFINERIES PRODUCED 1.46 BILLION LITRES OF PETROL BETWEEN 2015 AND 2019 AMID REFINING CHALLENGES
Detailed Breakdown:
From 2015 to 2019, Nigeria managed to produce only 1.46 billion litres of petrol due to the country's limited refining capacity, according to a recent report from the National Bureau of Statistics (NBS). The report, titled 2023 Petroleum Products Distribution Statistics, highlights the persistent struggles of Nigeria’s refineries, which have largely remained inactive.
Annual Breakdown of Production:
In 2015, Nigeria produced 377.9 million litres of petrol.
This dropped significantly to 1.05 million litres in 2016.
A recovery saw the production of 951.56 million litres in 2017, followed by 128.1 million litres in 2019.
Interestingly, no fuel was refined in 2018.
The combined production over these years still falls short of meeting Nigeria's two-month consumption needs.
Refinery Shutdown and Imports: Between 2020 and 2023, Nigeria's refineries were largely non-operational, leading to the country's dependence on modular refineries for the production of diesel and kerosene. Despite this, over 20 billion litres of petrol were imported into Nigeria in 2023, a 13.77% reduction compared to 2022's 23 billion litres.
Bright Spots in Diesel and Kerosene: Nigeria saw some positive developments in the production of diesel and kerosene:
Diesel: Local production reached 109.39 million litres in 2023, up 6.76% from the previous year.
Kerosene: Production rose significantly by 56.02%, reaching 69.71 million litres in 2023 compared to 44.68 million litres in 2022.
Future Outlook:
With the recent commencement of operations at the Dangote refinery in September 2024, there is renewed hope that Nigeria's reliance on imported petrol will decrease. Aliko Dangote, the President of Dangote Group, affirmed that the refinery would significantly reduce the country’s need for fuel imports once it becomes fully operational.
This report reflects Nigeria’s ongoing struggle to increase local production of petroleum products and reduce dependence on imports, while new projects like the Dangote refinery aim to shift the tide.
Detailed Breakdown:
From 2015 to 2019, Nigeria managed to produce only 1.46 billion litres of petrol due to the country's limited refining capacity, according to a recent report from the National Bureau of Statistics (NBS). The report, titled 2023 Petroleum Products Distribution Statistics, highlights the persistent struggles of Nigeria’s refineries, which have largely remained inactive.
Annual Breakdown of Production:
In 2015, Nigeria produced 377.9 million litres of petrol.
This dropped significantly to 1.05 million litres in 2016.
A recovery saw the production of 951.56 million litres in 2017, followed by 128.1 million litres in 2019.
Interestingly, no fuel was refined in 2018.
The combined production over these years still falls short of meeting Nigeria's two-month consumption needs.
Refinery Shutdown and Imports: Between 2020 and 2023, Nigeria's refineries were largely non-operational, leading to the country's dependence on modular refineries for the production of diesel and kerosene. Despite this, over 20 billion litres of petrol were imported into Nigeria in 2023, a 13.77% reduction compared to 2022's 23 billion litres.
Bright Spots in Diesel and Kerosene: Nigeria saw some positive developments in the production of diesel and kerosene:
Diesel: Local production reached 109.39 million litres in 2023, up 6.76% from the previous year.
Kerosene: Production rose significantly by 56.02%, reaching 69.71 million litres in 2023 compared to 44.68 million litres in 2022.
Future Outlook:
With the recent commencement of operations at the Dangote refinery in September 2024, there is renewed hope that Nigeria's reliance on imported petrol will decrease. Aliko Dangote, the President of Dangote Group, affirmed that the refinery would significantly reduce the country’s need for fuel imports once it becomes fully operational.
This report reflects Nigeria’s ongoing struggle to increase local production of petroleum products and reduce dependence on imports, while new projects like the Dangote refinery aim to shift the tide.