Nigeria’s Current Crude Oil Production Cannot Support Local Refining Capacity Forecast—Stakeholders

Stakeholders in Nigeria’s refining sector have challenged the government to intensify efforts to boost oil production to meet local increasing demand of feedstock by local refineries.
The issue was a fundamental concern raised by critical stakeholders at the 3rd Nigeria Oil Refining Summit (NORS) 2026, with the theme “Refining For Value: Linking Upstream Supply To Downstream Demand “.in Lagos today.
In his keynote address by Chairman, the Independent Petroleum Producers Group (IPPG), Adegbite Falade, noted that in the medium term, Nigeria is moving towards a
situation in which domestic refineries could require more than 1.5 million barrels of
crude per day, depending on rehabilitat...