Energy Professor Urges Nigeria to Prioritize Domestic Refining for Economic Growth
Renowned Energy Professor Wumi Iledare, aligning with OPEC's views, advocates for Nigeria to cease crude oil exports and focus on local refining to boost the economy. He emphasizes the need for economic realism and reducing import bills through domestic value addition.
Adeyemi Bero supports this stance, highlighting the benefits of local refineries in creating wealth and stabilizing the economy. Iledare warns against misinterpreting OPEC's proposals, urging a transition phase for the oil industry.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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