Subsidy removal exposed Nigeria’s crude shortfall — Oyedele

The Punch | 10-10-2026 07:29am |

Finance Minister Taiwo Oyedele has stated that Nigeria lacks enough crude oil to supply the Dangote refinery and other local refineries due to production costs and contracts. He linked the situation to the removal of the petrol subsidy, which he said exposed the country's crude shortfall. The remarks highlight the gap between domestic crude production and the supply needs of local refining capacity.

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