Nigeria, World’s 6th Largest Oil Producer, Now World’s Largest Petrol Importer




Nigeria’s petroleum industry is the largest in Africa with proven oil and gas reserves of 37 billion barrels and 192 trillion cubic feet respectively. One would be forgiven for thinking Nigerians swim in petrol but no, that is simply not the case.

Nigeria, World's 6th Largest Oil Producer, Now World's Largest Petrol Importer

According to the Nigerian National Petroleum Corporation (NNPC), Nigeria has a maximum crude oil production capacity of 2.5 million barrels per day and has traditionally ranked as Africa’s largest producer and sixth largest in the world.
(However, in 2017, Angola was largest producer in Afric.) Nigeria’s petroleum industry is the largest in Africa with proven oil and gas reserves of 37 billion barrels and 192 trillion cubic feet respectively. One would be forgiven for thinking Nigerians swim in petrol but no, that is simply not the case.

Dr. Maikanti Baru, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) recently revealed that Nigeria is the only member country in the Organisation of Petroleum Exporting Countries that imports petrol and is currently the largest importer of Premium Motor Spirit. The reason is that refineries are not working to their fullest capacity.

Baru added that, “We actually import one million tonnes of PMS every month into a country that produces oil and gas and has refinery. It is a shameful thing, it doesn’t make sense and that is what we are trying to address.” Indeed it is shameful that a resource rich country like Nigeria would be importing the products of its resources yet that is the truth of most African countries. Countries are (willingly) being reduced to extraction grounds and markets for products they should be selling.

Nigeria says it is engaging investors and other stakeholders to upgrade refineries from the current plate capacity of 445,000 barrels of crude oil per day to at least a million. Why this is being done in 2018 is a wonder but at least they are making a move.





Uzonna Anele
Anele is a web developer and a Pan-Africanist who believes bad leadership is the only thing keeping Africa from taking its rightful place in the modern world.

Leave a Reply

Subscribe to receive email updates

With a subscription profile, you automatically receive updates without having to return to the website and check for changes

Just In

Bussa’s Rebellion of 1816, the Largest Slave Revolt in Barbadian History

The largest slave rebellion in Barbadian history took place during the Bussa uprising in April 1816. The rebellion takes...

Top 10 Longest Serving Presidents in Africa, 2022

Equatorial Guinea's president Teodoro Obiang is the longest serving president in Africa and the world. He is closely followed by Cameroons President Paul Biya.

Cornelius Frederiks: the Namibian Captain Who Was Locked Up in a Concentration Camp for Fighting Against German Colonialists

Cornelius Frederiks was a Namibian freedom fighter who actively fought a guerrilla-style war against German colonialists during the Herero-Nama war of 1904.

List of African Countries and Their Presidents (2022)

This is a list of African countries and their presidents, heads of state, heads of governments, and other rulers in the year 2022.

Ndaté Yalla Mbodj: the Senegalese Queen Who Led the Resistance Against French Colonial Forces in 1855

Ndaté Yalla Mbodj was the last great Lingeer (Queen) of Waalo (present day Senegal) who fought against the French colonialist army led by General Louis Faidherbe in 1855.

More Articles Like This