Yup, you read that right. Nigeria. #11 on the list of countries with largest proven oil reserves. How does that happen? Well, it turns out, that if don't want to import gasoline, you should build a refinery. https://twitter.com/spectatorindex/status/1125090279684337664 …
Got it, thanks. https://www.dpr.gov.ng/downstream/refinery/ … How is Dangote going to make his work if the state owned ones don't? I don't know how that guy does it.
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Yeah. Shouldn't be too hard for him. He is spending a lot. And will be very careful about making the returns on his investment. The reason the state ones don't work isn't complexity. More likely because of incentives/priorities.
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I've met a few Nigerians. Not a brains issue. Seems like a corruption/gov't dysfunction problem.
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