Dangote Refinery has reported that the Nigerian National Petroleum Company Limited (NNPC) has not met its crude supply targets under the Naira-for-crude agreement.
This deal, which commenced in October 2024, was supposed to ensure a minimum delivery of 385,000 barrels per day (bpd) to the refinery.
However, according to Devakumar Edwin, Vice President of Dangote Industries Limited, the actual supply has been far less than promised.
"We need 650,000 barrels per day," Edwin stated in an interview with Reuters. "NNPCL agreed to give a minimum of 385,000 bpd, but they are not even delivering that."
The shortfall has forced the Dangote Refinery to import crude from the United States to maintain production levels at its $20 billion facility.
This reliance on foreign crude underscores significant issues within Nigeria's domestic refining capabilities and energy strategy.
The inability to secure adequate crude supply reflects broader infrastructural and strategic challenges facing the country's oil industry.
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