Coalition urges increased crude supply to local refineries

The Coalition of Yoruba Youth Movement (COYYM) has called for increased crude oil supply to local refineries, saying the move would help stabilise fuel production and reduce the rising cost of petrol in Nigeria. In a statement signed by its National President, Comrade Olalere Benedict Adetunji, the group said ensuring steady crude supply to domestic […]

The Coalition of Yoruba Youth Movement (COYYM) has called for increased crude oil supply to local refineries, saying the move would help stabilise fuel production and reduce the rising cost of petrol in Nigeria.

In a statement signed by its National President, Comrade Olalere Benedict Adetunji, the group said ensuring steady crude supply to domestic refineries, including the Dangote Refinery, would help Nigerians enjoy more stable fuel prices.

“The issue at hand requires collective and collaborative efforts. What Nigerians should be advocating is total supply of crude oil to the Dangote Refinery and all other local refineries so that citizens can enjoy a reasonable fuel price,” Adetunji said.

The coalition urged youth groups, student organisations and other stakeholders across the country to mobilise support for policies that prioritise crude oil supply to domestic refining facilities.

“We call on youth and student organisations across Nigeria to join efforts in mobilising for total supply of crude oil to the Dangote Refinery and all local refineries in the country,” the statement said.

COYYM also noted that attributing current fuel scarcity or rising fuel prices solely to the operations of the Dangote Refinery may not fully reflect the broader factors influencing the petroleum market.

According to the group, global developments, particularly tensions in the Middle East, have affected crude oil markets internationally and contributed to fluctuations in fuel prices.

“The recent rise in fuel prices is largely influenced by global tensions arising from the ongoing conflict in the Middle East, which has affected the international crude oil market,” Adetunji said.

The coalition further explained that the Dangote Refinery has not consistently received full crude oil supply locally and has at different times sourced crude from outside Nigeria to sustain operations.

“Dangote Refinery is only getting about 28 per cent crude supply locally, while the highest it has received is about 32 per cent. This means the refinery sometimes has to buy crude from traders and middlemen despite its preference to use Nigerian crude,” the statement said.

The group urged the public and stakeholders to seek accurate information about developments in the global oil market and avoid spreading misinformation.

“The present situation is a global concern. It is not Nigeria alone that has been affected, so there is a need for people to stay informed about developments in the global energy market,” it added.

COYYM therefore called on the federal government to take urgent steps to ensure full crude oil supply to local refineries, noting that such a move would support domestic refining capacity and help stabilise fuel availability.

“We call on the federal government to ensure that 100 per cent crude oil supply is made available to the Dangote Refinery and other local refineries to strengthen fuel production in the country,” Adetunji said.

The group added that while citizens have the right to express their concerns, efforts should be directed toward constructive engagement and policies that support Nigeria’s energy security.