Presidential candidate of the Labour Party in last year’s election, Peter Obi has hailed the Nigerian National Petroleum Corporation, NNPCL, for fulfilling the long-standing promise of revamping the old Port Harcourt refinery.
Obi in a statement on Tuesday, said Nigerians now await the corresponding impact and benefits on pump prices and the overall economy.
He said, “I wish to congratulate the Nigerian National Petroleum Corporation (NNPC) for fulfilling the long-standing promise of revamping the old Port Harcourt refinery.
The refinery, which comes on stream today boasts an installed production capacity of 60,000 barrels of crude oil per day. Approximately 200 trucks are expected to load products daily from the refinery.
Nigerians now await the corresponding impact and benefits on pump prices and the overall economy.
Additionally, news of the Kaduna refinery’s revival is promising, as it is expected to boost productivity, improve transportation, and alleviate economic burdens across the country.
While we acknowledge these achievements as a step in the right direction, it is crucial to emphasize the importance of transparency in the operations of the NNPC.
Nigerians deserve clarity and accountability regarding the management of the nation’s vital oil resources, ensuring that the benefits of increased refining capacity reach every Nigerian and that the gains are used to support long-term development.
