By Gold Jeremiah
Nigerian domestic refiners are facing major setbacks in accessing crude oil supply despite the Federal Government offering crude valued at $5.17 billion in the first quarter of 2026.
Findings show that local refineries were only able to lift a small portion of the crude allocated for domestic refining, largely due to unfavourable pricing conditions, logistical constraints, and persistent supply chain bottlenecks.
Industry sources noted that while the crude supply initiative was designed to boost local refining capacity and reduce fuel import dependence, many refiners are struggling to secure volumes because of payment terms, high crude pricing, and challenges around transportation and evacuation.
The development raises fresh concerns over Nigeria’s ability to achieve meaningful domestic refining growth despite ongoing reforms in the oil and gas sector.
