Nigeria imposed a 15% tax on fuel imports as it looks to bolster its energy independence.
Africa’s most populous nation recently started operations at a $20 billion refinery that could be one of the world’s largest once it reaches full capacity, and is aiming to potentially double it in size, part of efforts to strengthen self-sufficiency in Nigeria — at once an oil producer and a fuel importer.
Several African nations have recently made similar moves to strengthen energy autonomy and capture a greater share of the value in the fuel supply chain: Angola, for example, is building its first refinery in 50 years.
