Peter Obi Congratulates NNPC on Revitalising Port Harcourt Refinery, Hopes for Impact on Fuel Prices

Labour Party’s presidential candidate in the 2023 election, Mr. Peter Obi has congratulated the Nigerian National Petroleum Company Limited (NNPCL) for successfully revitalising the old Port Harcourt refinery.

The NNPCL announced on Tuesday that the 60,000 barrels-per-day refinery has resumed operations, a development that has sparked widespread excitement among Nigerians. Many are hopeful that this will mark the end of the country’s reliance on the importation of petrol.

In his reaction, Obi in a statement on Wednesday, expressed optimism, noting that Nigerians are eagerly anticipating the positive impact the revitalisation would have, particularly in terms of reducing the price of petroleum products at the pump.

“I wish to congratulate the NNPCL 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”, he said.

The former governor of Anambra State also expressed optimism regarding the revival of the Kaduna refinery, calling the news promising

“While we acknowledge these achievements as a step in the right direction, it is crucial to emphasise 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.”

Chuks Okocha

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