Added to that has been decades of mismanagement and corruption, which left its four plants operating well below capacity and, and times, shut down for months.
Now the government has begun a process of modernising three of its refineries.
Al Jazeera's Ahmed Idris reports from Abuja, Nigeria.
- Subscribe to our channel: http://aje.io/AJSubscribe
- Follow us on Twitter: https://twitter.com/AJEnglish
- Find us on Facebook: https://www.facebook.com/aljazeera
- Check our website: https://www.aljazeera.com/