It is not in doubt that crude oil production has been ongoing for the past six decades by Africa’s oil producing countries. However, much of the crude petroleum oil produced were/are exported/still exported for foreign revenue. With rise in cottage industries and dwindling refining activities in these AOPCs, it in increases their demand for refined oil and other petroleum products. Overdependence on imported refined oil and petroleum products by these Africa’s oil producing countries portend great dangers for their domestic economies because when the home countries of foreign refiners/processors encounters social, political and economic problems that inhibits refining/processing activities, it in turn generates scarcity of the product in the domestic environments of the African countries. The inability of refineries/factories of African countries to meet up with the continent’s local consumption needs and of generating more employment and empowerment for citizens informs the motivation for this study. The study is a qualitative one where data was generated through secondary sources such as academic journals, bulletins, textbooks, scholarly papers, and internet materials.