By Anifowoshe Oladipupo
The Crude Oil Refiners Association of Nigeria (CORAN), will host a landmark summit on October 6-7, 2025, to tackle Africa’s heavy dependence on imported petroleum products.
The two-day conference, themed “Refining: Key to Energy Security in Africa,” will bring together leaders from government, industry, and finance at Eko Hotels & Suites, Lagos.
Despite being a leading crude oil producer, Africa and Nigeria in particular imports over 90 percent of its refined fuel, a costly practice that drains reserves and exposes economies to global price shocks.
The removal of fuel subsidy in 2023 further highlighted the urgency of developing a self-sufficient refining sector.
With several new conventional and modular refineries emerging, policymakers say the continent now has a chance to redefine its energy future.
The summit will focus on driving policy reforms, forging partnerships, and positioning Nigeria as a continental refining hub.
CORAN President, Momoh Jimah Oyarekhua, said the gathering will serve as a “rallying point for action” to boost local refining, create jobs, and secure Africa’s energy future.
