At ORITSELA NIGERIA LIMITED, we appreciate the fact that prompt availability of refined petroleum products is key to stabilizing our markets and the economy as a whole. This is true since oil and natural gas are the lifeblood of the Nigeria economy.
Together they account for more than 70 percent of the energy consumed in Nigeria. The country’s energy consumption mix was dominated by oil (53%), followed by natural gas (39%) and hydroelectricity (7 %). Coal, nuclear and other renewables are currently not part of Nigeria’s energy consumption mix, with the exception of biomass often used to meet rural heating and cooking needs.
The Nigerian economy is heavily dependent on the oil sector. Petroleum products are used across the entire economy.