@ All Nairalanders,

Please, if you have experience/idea in this sector, please share so that we can all learn. What are the factors aiding continuous development of the downstream sector (Petrochemicals in general – ranging from Refinery, Olefins plant, Styrene plant, Benzene plant…and all) in the country? With so much revenue/profit to be made in this sector, why is it that so many people / investors including the government parastatals still chooses to ignore this sector considering the fact that this it has one of the highest ROI in the business world? Most people are busy lifting crude out of the country, putting investment in place to elevate the upstream sector without paying attention to this other sector. My understanding is that it makes business sense to cite facilities in the area where there is availability of continuous source of raw materials and not the other way around. I understand some of the factors include;

Power problem
Our political instability couple with unstable reform
Lack Manpower Resources
Logistics Issue: Transportation of big equipment (big distillation column, reactors) within the country
Corruption
Lack of Capital
Persistent of militant activities

In your understanding, what are some of the factors/challenges and how can we change/modify this mentality / culture / factors in other to elevate the downstream sector.

Thanks

why are people not posting on this topic?