Despite rising global tensions, West Africa’s fuel market is standing strong—thanks to ongoing reforms and growing local capacity.
At a high-level webinar hosted by Major Energies Marketers Association of Nigeria with S&P Global, industry leaders said geopolitical risks—especially around the Middle East and Strait of Hormuz—are shaking global supply chains but the region remains resilient.
MEMAN Chairman Huub Stokman described the situation as a “double-edged sword,” creating opportunities for producers while increasing pressure on consumers due to rising costs and volatility.
Experts pointed to Nigeria’s growing refining capacity, including the Dangote Refinery, as a key buffer, though challenges like pipeline insecurity, weak infrastructure, and regulatory issues still limit full gains.
Global analysts warned that supply disruptions, higher shipping costs, and rerouted vessels are tightening fuel markets, while Nigeria’s deregulation push—though necessary—comes with price fluctuations.
The consensus: with the right policies and investment, Nigeria can turn current global uncertainty into long-term energy stability and growth.
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