Subsidy removal exposed Nigeria’s crude shortfall — Oyedele

AI Summary

Nigeria’s Finance Minister Taiwo Oyedele said the country does not produce enough crude oil to supply the Dangote refinery and other domestic refineries. He attributed the shortfall to high production costs and existing contractual arrangements, highlighting constraints exposed after fuel subsidy removal.

Finance Minister Taiwo Oyedele says Nigeria lacks enough crude oil to supply Dangote and other local refineries due to production costs and contracts. Read More: https://punchng.com/subsidy-removal-exposed-nigerias-crude-shortfall-oyedele/