from OKORO CHINEDU in Lagos, Nigeria LAGOS, (CAJ News) – WHILE it is the continent’s biggest producer of crude oil, the irony is that Nigeria suffers recurrent crippling fuel shortages. It is possibly the only oil-producing country still struggling with the importation of refined petroleum products. The chronic shortages of the commodity are seen as highlighting the West Africa country’s failure to domestically refine the petroleum products it requires for its own consumption. Ibe Kachikwu, the Minister of State for Petroleum Resources, has described as “embarrassing” Nigeria’s inability to refine oil in the country. It is against this awkward position Africa’s biggest economy recurrently finds itself in that an eagerly-anticipated multibillion-dollar refinery, under construction in the commercial state of Lagos, is hailed as a game changer. The Dangote Oil Refinery, worth US$12 billion (N4,3 trillion), is the brainchild of Africa’s wealthiest man, Aliko Dangote, whose net worth is estimated […]