Nigeria's petroleum debacle
Nigeria's petroleum debacle The Nigeria oil industry has a long history, starting in the 1950s. The petroleum sector is crucial to the country's economy. The Nigerian National Petroleum Corporation ( NNPC ) is the main state-owned oil company. Recently, private companies like Dangote have joined the oil refining sector, changing the industry. The oil industry in Nigeria began with the discovery of oil in the 1950s. The NNPC has led the industry, but Dangote's entry has brought new competition and chances. The Nigeria oil industry and petroleum sector are set to evolve further, with the NNPC and Dangote at the forefront. The Nigeria oil industry is a big part of the country's economy. The petroleum sector is expected to grow. The roles of the NNPC and Dangote will be key in shaping the industry's future. It's important to know the history and current state of the Nigeria oil industry and petroleum sector. Introduction to Nigeria's Oil Industry ...