.jpeg)
BY YUNUSA BUNU ZANNA, NOVEMBER 26, 2024 | 04:04 PM
President Bola Tinubu has congratulated the Nigeria National Petroleum Company Limited, NNPCL, on the successful revitalization of Port Harcourt Refinery, following official commencement of petroleum product loading today.
The president in a statement by Bayo Onanuga, his spokesman, acknowledged the efforts of former President Muhammadu Buhari, who initiated the comprehensive rehabilitation of the nation’s refineries, and expressed gratitude to the African Export-Import Bank for their confidence in financing the project.
In the statement, President Tinubu commended the leadership of Mele Kyari, NNPC Limited's group chief executive officer, for his dedication in overcoming challenges and achieving this milestone.
The successful revival of the refinery marks a significant step in Nigeria’s quest for energy sufficiency.
President Tinubu has directed NNPC Limited to promptly proceed with the reactivation of the second Port Harcourt refinery, as well as the Warri and Kaduna refineries.
These efforts are expected to boost domestic production capacity, alongside contributions from privately-owned refineries, and position Nigeria as a major energy hub.
With the Dangote Refinery also operational, this development is anticipated to positively impact the Nigerian economy, as it creates the possibility of further reductions in the price of petroleum products.
This, in turn, could ease the ongoing economic challenges faced by many Nigerians.
President Tinubu emphasized the importance of repairing the nation's refineries, noting that it would help shift the narrative of Nigeria being a major crude oil producer without the capacity to refine its resources for domestic consumption.
He reaffirmed his administration's commitment to achieving energy security, boosting export capacity, and ensuring economic prosperity for all Nigerians through the Renewed Hope Agenda.
He also called on all citizens and institutions entrusted with responsibilities to remain focused and maintain trust in their service to the nation.
Conflict Reporting is dangerous and risky. Our reporters constantly face life-threatening challenges, sometimes surviving ambushes, kidnap attempts and attacks by the whiskers as they travel and go into communities to get authentic and firsthand information. But we dare it every day, nonetheless, in order to keep you informed of the true situation of the victims, the trends in the conflicts and ultimately help in peace building processes. But these come at huge cost to us. We are therefore appealing to you to help our cause by donating to us through any of the following means. You can also donate working tools, which are even more primary to our work. We thank you sincerely as you help our cause.
Alternatively, you can also email us on
info@yen.ng or message us
via +234 803 931 7767