Why Nigeria Must Back Modular Refineries in the Wake of the Iran–US Conflict
The looming Iran–US crisis could drive crude prices to $120. Nigeria can’t rely on one giant refinery or endlessly delayed state facilities. Our homegrown modular refineries already operate at scale. Give them crude in naira and they’ll flood local markets. Here are four leaders driving change: • ARADEL (Gbite Falade): Leading in diesel and kerosene. • Waltersmith (Abdulrazaq Isa): 5,000 bpd now, eyeing 10,000 bpd. • Edo Refinery (Michael Osime): Running at 90% capacity. • OPAC (Momoh Oyarekhua): 10,000 bpd today, targeting 60,000 bpd. Modular plants spread risk, cut logistics costs, and sidestep soaring shipping fees. If the federal government supplies crude in naira and backs broader petrol output, we’ll see real price relief. Competition—not politics—will drive pump prices down. Naijaworld, can these refineries outshine the big players? Or is policy stacked against them? Why won’t the government fuel these local champions?
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