“While falling global oil prices might offer temporary relief at the pump for Nigerian consumers, the broader implications for our economy are deeply concerning. Revenue shortfalls, production declines, and global market uncertainties—exacerbated by erratic U.S. trade policies—continue to threaten national stability. The phased activation of domestic refining assets like Port Harcourt and Dangote is a welcome development, but sustained economic recovery requires strategic foresight, stable policy environments, and collaborative efforts across the value chain.”
— Farouk Ahmed, CEO, NMDPRA
