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Africa's Richest Man Will Fix Nigeria's Chronic Fuel Crisis

  • Nigeria's four state refineries barely operational last year
  • Nigeria relies on imports, crude swaps for refined fuels
Cars jam a gasoline station waiting for fuel in Lagos, Nigeria.

Cars jam a gasoline station waiting for fuel in Lagos, Nigeria.

Source: AFP via Getty Images
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After waiting in line for more than four hours to buy gasoline in Nigeria’s capital, Abuja, taxi driver Adebayo Olawole considered himself fortunate he got a half-filled tank. The day before, he got to the front of the line and was told there was none left.

“I’ve not made any money in two days,” Olawole, 38, said outside a Total Nigeria Plc station in the Garki district. “Today is my lucky day.”