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The Nigerian CEO halfway and the Petrolio Valley regulation authority (Nmdpra) Farouk Ahmed, Tuesday, said that the agency has issued 47 licenses to establish refineries (LTE) in the country in the last year.
He said the agency also issued 30 licenses to build refineries (LTC) within a year, marking a significant step towards improving the refining capacity of Nigeria.
The licenses, they said, covered a combined refining capacity of almost three million barrels per day (BPD).
He also revealed that the import of the Premium motor spirit (PMS) has abruptly decreased by about 30 million liters per day in the last eight months.
In particular, the agency said that imports dropped from 44.6 million liters in August 2024 to 14.7 million liters by mid -April 2025, representing a 67%drop.
The Nmdpra boss spoke in a media parley with correspondents of the State House at the presidential villa in Abuja.
… license activity
He said the recent License of the NMDPRA license also include the approvals for modular refineries in the Edo, Delta and Abia states, which should add more 140,000 bpd to completion.
Ahmed said: “We issued 47 licenses to establish, covering 1.75 million BPDs and 30 licenses to build for 1.23 million BPDs. Currently, only four plants hold licenses to operate with a constant production of 27,000 BPDs.
“Among the LTC projects, five are in the commissioning or construction phase, including the long -awaited dance refinery with a capacity of 650,000 BPDs. The smallest projects include the AIPCC Energy 30,000 BPD systems and the second Waltersmith train with a capacity of 5,000 BPDs.
“You are authorized private refineries and four public are producing a total of 1.12 million BPDs,” he said. Private structures contribute with 679,500 BPDs, led by the Single Train complex of Dangote that refine 650,000 BPDs. Other modular refineries include Aradel (11,000 BPD), Opac (10,000 BPD), Waltersmith (5,000 BPD), Duport Midstream Limited (2,500 BPD) and Edo Refining and Petrochimicals Company Limited (1,000 BPD).
“The public property structures managed by the Nigerian National Petroleum Company Limited add another 445,000 BPDs from renewed plants to Port Harcurt (150,000 BPD), Warri (125,000 BPD), Kaduna (110,000 BPD) and the old unit of Port Harcourt (60,000 BPD).
“These developments underline our commitment to reduce dependence on imported refined products.”
The Hilmsman Nmdpra has also stated that the current license efforts would expand the internal refining capacity, while supporting economic growth through the creation of jobs and energy safety.
… on the import of fuel
Speaking of the company for reduced fuel imports, he said that the local refineries, which have contributed almost nothing in August 2024, increased production to 26.2 million liters per day at the beginning of April 2025, from 3.4 million liters in September 2024.
“After contributing to practically nothing in August, the local refineries increased production to 26.2 million liters per day at the beginning of April. This marks a significant leap by only 3.4 million liters recorded in September – the first month with measurable production,” he said.
The agency also stated that the supply of total daily PMS of Nigeria has exceeded the government’s reference consumption objective of 50 million liters only twice in the last eight months – 56 million liters in November 2024 and 52.3 million liters in February 2025.
“In March, the offer is slightly immersed under the goal of 51.5 million liters per day and in the first half of April it fell further to 40.9 million liters,” he said.
The NMDPRA boss also spoke of how the inconsistency of President Donald Trump was feeding the policies of international trade and crude oil as and negatively influencing the 2025 budget of Nigeria.
“The inconsistencies in the commercial and oil policies of the American administration will inevitably influence the generation of revenue and the economic growth of Nigeria.
“On 11 October a policy on product prices was introduced, which influenced the markets of crude oil and petrol. These markets have experienced a downward trajectory due to inconsistencies and policies of the United States government. A key factor is the aspiration of the American president to reduce the prices of crude oil, the prices of crude oil, the prices of crude oil, the prices of the raw oil, the oil prices, the prices of oil. crude, the prices of crude oil and
“As mentioned above, the prices of crude oil and the product are on a downward trajectory. While the lowest prices go to the benefit of consumers, they have a negative impact on the flow of national revenues. For example, last Friday it saw crude oil prices drop from $ 73 to $ 74 per barrel to $ 60 in one day, seriously hitting the revenue of production.
“In addition, the influx of revenue is aggravated by challenges such as vandalism, illegal bunking and reduced production levels. Opec has recently reported that Nigeria’s production has fallen to 1.4 million barrels per day. A reduction of $ 10 of crude oil prices has a significant impact on the national economy.
“This instability persists as recent tariff exemptions from President Trump, in particular for China in the vehicular rates, has caused the market again. This highlights the fluctuations in progress in the global oil industry,” he said.
… energy safety
The NMDPRA boss also outlined the significant steps reached by the agency to strengthen energy safety, optimize the use of natural gas and guarantee sustainable development in the medium and valley oil sectors.
He said that the key results include the promotion of a robust local refining of crude oil and a greater capacity for processing natural gas, which have significantly improved energy safety.
Ahmed said that Nmdpra also allowed market development by guaranteeing an effective wholesale supply and transparent prices of gas and oil products.
He said that the Nmdpra gave priority to efficient transport networks, improving the availability of primary energy fuels at national level. He said the agency also ensured effective distribution and a constant supply of gas and oil liquids throughout the country.
According to him, the Nmdpra supports the strategic sectors by maximizing the use of natural gas in line with the economic objectives of Nigeria.
He expressed the agency’s commitment against “sustainable practices, focusing on health, safety, the environment and compliance to guide the long -term growth of medium streaming sectors and to the valley.
He said that “Nigeria’s refining operations are undergoing a significant transformation, with multiple private and state refineries that advance in the construction phases, put into service and production”.
… man on us rates
In a related development, the Association of Nigeria producers (Man) warned that the tariff increase on the products of Nigeria from the United States could have a negative impact on the execution of the 2025 budget of the country; and threaten the potential benefits of the AFCFTA agreement (Africa Continental Free Trade).
The general manager Man Segun Ajayi-Kadir said this in a statement, Tuesday, a copy of which was obtained by Blueprint.
“The imposition of a 14 % rate on Nigerian exports significantly undermines the competitiveness of the goods manufactured locally in the US market.
“The members of the man who are exporters to agro-elaboration, chemicals and pharmaceutical products, basic metal, iron and steel, non-metallic mineral products and other light industrial manufacturing are strongly based on the United States for market access. With an increase in costs for American buyers due to rates, the demand for Nigerian products should decrease.
“For example, the agricultural goods transformed as cocoa derivatives, sesame and ginger seeds, which have gained a modest penetration in the US markets, it is likely that it testifies a drop in the volume of exports, he said.
Citing the data of the National Bureau of Statistics (NBS) in which he stated that agricultural exports represented over N4.42 trillion in 2024, with the United States one of the best destinations, the head of man said: “The rate could potentially sweep away N1 a n2 trilion of that figure every year”.
“In the last ten years, manufacturers have made concerted and strategic efforts to support the country’s transition from the export of RAW products to semi-transformed and finished semi-transformed products.
“However, the highest market entry costs due to the highest rates on Nigerian products reduce the profitability of these investments, making more interesting for companies to return export of raw materials.
“This is counterproductive for the industrialization agenda of Nigeria and compromises the long -term goal of achieving the diversification of exports to platforms such as the African continental free trade agreement (AFCFTA).
“The man is deeply worried both for the substance and for the implications of the new tariff policy of the United States. Our main concern lies in the asymmetry of the commercial action that undermines the spirit of international cooperation and ignores the development needs of emerging economies”, further added the declaration.
