Dailyreport
How Babangida ran refineries
The refineries under the administration of General Ibrahim Babangida (1985–1993) are a key topic when examining Nigeria’s economic and industrial history. During this period, Babangida aimed to strengthen Nigeria’s self-reliance in petroleum refining by emphasizing the importance of local production and reducing dependency on imported refined products.How Babangida ran refineries
His administration focused on completing and commissioning abandoned projects, a move that included investments in the oil and gas sector. Babangida’s era sought to instill a culture of prudence and self-sufficiency among Nigerians, highlighting the value of hard work and the use of locally made products. However, challenges such as corruption, inefficiency, and political crises hindered the full realization of these goals. The petroleum sector still grappled with issues that persist today, including inadequate infrastructure and dependence on imported refined products, which later resulted in a costly subsidy regime.
For more insights into Nigeria’s refining policies under Babangida and the historical context of its oil sector, you can explore detailed analyses here and here.
