Furthermore, President Tinubu commends the leadership of NNPC Limited's Group Chief Executive Officer, Mr. Mele Kyari, whose unwavering dedication and commitment were instrumental in overcoming challenges to achieve this milestone.
With the successful revival of the Port Harcourt refinery, President Tinubu urges NNPC Limited to expedite the scheduled reactivation of both the second Port Harcourt refinery and the Warri and Kaduna refineries.
These efforts will significantly enhance domestic production capacity alongside the contributions of privately-owned refineries and make our country a major energy hub, with the gas sector also enjoying unprecedented attention by the administration.
The President underscores his administration's determination to repair the nation’s refineries, aiming to eradicate the disheartening perception of Nigeria as a major crude oil producer that lacks the ability to refine its own resources for domestic consumption.
Highlighting the values of patience, integrity, and accountability in the rebuilding of the nation’s infrastructure, President Tinubu calls upon individuals, institutions, and citizens entrusted with responsibilities to maintain focus and uphold trust in their service to the nation.
In alignment with the Renewed Hope Agenda focused on shared economic prosperity for all, the President reaffirms his administration's commitment to achieving energy sufficiency, enhancing energy security, and boosting export capacity for Nigeria.
The revival of this refinery is expected to bring several benefits, including lower pump prices, a reduction in fuel import dependency, and overall economic growth. However, the real success lies in ensuring these outcomes are achieved. If prices remain high and the expected competition doesn't materialize, the investment and efforts put into the revival may seem fruitless to the general populace.
ReplyDeleteTo avoid this, the authorities and stakeholders must ensure transparency, efficiency in operations, and policies that encourage fair competition in the sector. Only then will the populace truly benefit, with smiles on their faces reflecting the tangible impact of such initiatives.
We acknowledge that this is a good move even though it took ages. But all is well that ends well. Weldone
ReplyDeleteHope it impacts positively on the economy so that the poor can breathe.
Congratulations and waiting for the remainder 3 refineries to kick-start. Hopefully it won't be hijacked and prices of PMS, diesel, kerosene and gas will drop tremendously.
ReplyDeleteStrategy to phase out Dangote. The development is a good one though, if true.
DeleteThey can’t phase out Dangote.Even when the other two or three refineries are fully functional, they can’t produce the amount of petroleum products Nigerians use everyday alone not to talk to the ones they sell to neighboring countries.
DeleteGood News, nice improvement, Weldon Tpain 🙄
ReplyDeleteThank God oo..
ReplyDeleteI can't wait for warri own oo
Nigeria!!!. The more you look the less you see.
ReplyDeleteIt's a good news.👏👏👏
ReplyDeleteWaiting for the impact in the economy so that people's lives can get easier.😎
Finally 🤸🤸 8
ReplyDeleteCongratulations to us
Congratulations to us. Abeg, make Petrol price drop, the pain is now unbearable.
ReplyDeleteI celebrate with you sir 🙏🏿💃
ReplyDeleteDangote never see anything.
ReplyDeleteGood news....
ReplyDeleteIf petrol price drops...price of things will definitely drop since most sellers are saying it's cost of transportation is too high
Stella, i was there yesterday and can confirm that this is actually true. Although it's only one out of 5 plants that are functional. But it's a step in the right direction.
ReplyDeleteWith this development , I hope the price of fuel eventually comes down.
So it’s easy to fix refinery like this and they never did. Just so that they can cash out big time from importing fuel.
DeleteNow that Dangote wants to do the business, they have now remembered suddenly that the refineries are existing.
Nice one 👍
ReplyDeleteThank God at last
Will it make petrol price drop, if yes, congratulations to us.
ReplyDeleteIssokay
ReplyDelete