On a related issue, Nigeria is to continue importing finished petroleum products to meet rising local demand, the group managing director of the Nigerian National Petroleum Corporation (NNPC), Alhaji Dalhatu Bayero, announced this week.
Nigeria has resorted to imports because most of its three refineries need repairs and are producing at 60 percent of installed capacity, the BBC said quoting 'The Vanguard' newspaper.
Bayero told reporters that petroleum consumption was between 18 million and 20 million litres against current production of six million litres. He was speaking at the weekend's convocation ceremony of the Petroleum Training Institution, Effurun, near Warri, in southeast Nigeria.
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