Peter Obi reacts as PH refinery begins operation

Former Anambra State governor and Presidential candidate the Labour Party (LP), in the 2023 election, Peter Obi, has congratulated the Nigerian National Petroleum Corporation Limited (NNPCL), for the successful revitalization of the old Port Harcourt refinery.

Obi who was reacting to an announcement by the NNPCL on Tuesday that the 60,000 barrels-per-day old refinery has been revamped and has commenced operations again, said though the news was a welcome development, Nigerians are still awaiting the full impact and benefits to be derived from the turn-around of the refinery.

In a statement posted on his official X handle on Wednesday, Obi wrote:

“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 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.

READ ALSO: Competition between Dangote and Port Harcourt refineries will result in low fuel prices – NMDPRA

“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. A new Nigeria is POssible!”

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