#2:. DYSFUNCTIONAL REFINERIES
The NNPC allocates 445,000 barrels of crude oil daily for domestic refining. If the four refineries in Port Harcourt, Warri and Kaduna, in their present state, were functioning optimally, total products yield cannot be more than about 10 to 12 million litres.
Even at full capacity, the supply from those refineries will still be far from sufficient to take care of at least 50 per cent of the 45-60 million litres the NNPC says we consume daily.
Despite the huge amount of money spent by government over the years on turnaround maintenance, the functional states of the refineries remain seriously impaired.
With the poor condition of the refineries, the natural consequence has been the scarcity consumers are currently facing.
#3:. NO NEW REFINERIES
The story would have been different if there were new refineries built either by government or private investors.
But none of the 18 licenses issued by government to private investors since 2008 have led to any new facility on ground to help solve the fuel crisis puzzle.