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Kyari Reveals Take Off Dates For Nigeria’s Refineries
Kyari Reveals Take Off Dates For Nigeria’s Refineries
Mele Kyari confirmed during a meeting with the Speaker of the House of Representatives, Tajudeen Abbas, that the Port Harcourt refinery is set to commence operations in December 2023.
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited stated that the rehabilitation of government-owned refineries is in progress, with the goal of ending petrol imports in Nigeria by December 2024.
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He said: “I can confirm to you that by the end of December this year, we will start the Port Harcourt refinery; early in the first quarter of 2024, we will start the Warri refinery and by the end of 2024, the Kaduna refinery will come into operation.
“This is the commitment we are giving today, and you can hold us accountable for this. In 2024, many of the initiatives including the rehabilitation of our refineries and also the efforts of small-scale refineries, and the upcoming Dangote refinery, will make Nigeria a net exporter of petroleum products in 2024.
“We will no longer be talking about fuel importation by the end of 2024. I am very optimistic that this will crystallize.”
In the same meeting, Tajudeen Abbas advocated for the privatization of refineries, emphasizing that certain enterprises are better suited for private management rather than government control.
He said: “There is a need to make these refineries have multi-dimensional uses. If there is no crude oil, are there other activities that can make the workers active so that what they earn is deserved? I need you and your management to look at how we can turn around these decades of losses.
“One way to do so is to find a way to privatize these refineries. We have spent so much money and time deceiving ourselves that some businesses can be run by the government.
“In the case of the refineries, we have now realized that some sectors of NNPCL business can only be handled by the private sector and our refineries are one of those.
“The inadequacies will become manifest as soon as the Dangote refinery comes on board because the competition will be there, and inefficiencies of the refineries will become more naked.”
In August 2023, the National Assembly announced that it would probe the alleged N11.3 trillion expenditure by the Federal Government on Nigeria’s refineries’ turn-around maintenance between 2010 and 2020.
According to the House of Representatives Committee Chairman on Public Accounts, there is concern over the deplorable state of Nigeria’s refineries despite the significant amount of money spent on their maintenance over the past decade.
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