Ending Nigeria's Fuel Shortages Will Be a Huge Challenge: Chart

(Bloomberg) -- Nigeria, the biggest oil producer in Africa, is plagued by fuel shortages because its domestic refineries perform so badly compared with other nations and it caps domestic prices. Its state-owned oil company is looking for investment in an effort to revive its industry and achieve 90 percent utilization of the plants by 2019 -- exceeding even the U.S. That gives the country a mountain to climb after the monthly rate fell as low as 6.3 percent in September.

--With assistance from Elisha Bala-Gbogbo

To contact the reporter on this story: Paul Burkhardt in Johannesburg at pburkhardt@bloomberg.net.

To contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Sheldon Reback

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