Tinubu vows to revive dormant NNPC refineries

President Bola Tinubu has reiterated his commitment to restoring Nigeria's dormant national refineries, including the Port Harcourt, Warri, and Kaduna facilities. These refineries have remained idle despite substantial investment in their rehabilitation. At the 20th OTL Africa Downstream Energy Week in Lagos, Tinubu outlined the government's priorities for the petroleum industry, emphasizing a more rigorous and commercially sustainable approach to the revival of these refineries.

The government has already signed a memorandum of understanding with two Chinese firms for the revamp of the facilities. Tinubu stressed that Nigeria must first refine more of its crude oil to become a reliable supplier of energy to Africa and a fuel supplier to neighboring nations. The reforms introduced under the Petroleum Industry Act aim to create a transparent, commercially viable, and investment-friendly industry that drives value creation for Nigerians.