Dangote, Producers Task FG to Boost Oil Output, as Local Refining Surge Exposes Crude Supply Gap

Billionaire investor Aliko Dangote, oil producers, and domestic refinery owners in Nigeria have called on the federal government to urgently scale up crude oil production, enforce transparent crude supply rules, and fix pricing and logistics bottlenecks that threaten to stall the country's refining boom. The stakeholders made the call at the opening of the third Nigeria Oil Refining Summit (NORS) 2026 in Lagos, organised by the Crude Oil Refinery Owners Association of Nigeria (CORAN). The summit, themed 'Refining for Value: Linking Upstream Supply to Downstream Demand,' brought together the country's largest refiner, indigenous and international producers, regulators, and financiers. Operators warned that Nigeria must hit 3 million barrels per day by 2030 or risk stranded refineries, and CORAN demanded the institutionalisation of the Naira-for-Crude policy and a 10-point plan to link upstream to downstream.

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