The former presidential candidate of the Labour Party (LP) in the 2023 election, Peter Obi, has congratulated the Nigerian National Petroleum Company (NNPC) on the successful revamping of the Port Harcourt Refinery emphasizing the need for transparency in its operations.
In a statement shared via his official X handle on Wednesday, November 27, the former Anambra State governor while reacting to the commencement of oil production at the Port Harcourt Refinery, noted that Nigerians now await the corresponding impact and benefits on pump prices and the overall economy.
Obi expressed hope that the revamp of the Kaduna Refinery looks promising adding that it would boost productivity, reduce transport costs and improve the country’s economy.
Peter 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 today 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.
“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.
Emphasizing the importance of transparency in the refinery’s operations, Obi said, “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.
Peter Obi concluded that Nigerians deserve clarity and accountability of the refinery which according to him is one Nigeria’s vital oil resources.
“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.”
Investors King reported that after several unfulfilled promises, the NNPC, on Tuesday, finally commenced fuel production at the country’s refinery in Port Harcourt, Rivers State, after a successful revamp of the facility, as announced by NNPC spokesperson, Olufemi Soneye.
