The Federal Government has said the Port Harcourt Refinery is at 80 percent completion and is expected to yield two million liters of Premium Motor Spirit (petrol) and 2.2 million liters of diesel daily once it recommences operations.
In a statement released by Olajide Oshundun, the Director of Press and Public Relations at the Federal Ministry of Labour and Employment, on Thursday, it was highlighted that the old plant of the refinery is projected to produce 54,000 barrels per day. Additionally, the statement noted that the new plant, which is nearing completion, is expected to commence production by the end of the year.
According to the statement, Minister of State Nkeiruka Onyejeocha made these remarks following an inspection tour of the facility, accompanied by representatives of organized labor. She further stated that the combined capacities of both plants would result in the production of 10 million liters of Premium Motor Spirit (PMS) per day.
“Speaking on the inspection visit to the Port-Harcourt refinery by TUC and Federal Government delegation, the minister said reports by organised labour and government established that the Port-Harcourt refinery is 80 per cent completed.
“She explained that the old plant would begin with 54,000 barrels per day, which would produce two million litres of PMS and 2.2 million litres of diesel per day, while the new plant which is currently going through its last phase of completion would also begin production before the end of the year. The combined capacity of the two plants, when fully on stream, would produce 10 million litres of PMS per day”, the statement read.
Onyejeocha stated that the government was open to dialogue with organised labour and other stakeholders to achieve peace and harmony in the sector while appealing to the union leaders to consider strike actions as a last option, as it sends wrong signals to investors.
“Issuing of constant strike threat could send wrong signals to potential investors. This is not healthy for our business environment,” she said
The statement also stated that the Federal Government and the leadership of the Trade Union Congress met to review the progress report on agreements reached in October 2023 between the government and organised labour.
“During the review, the minister read each item on the memorandum of understanding among which were the payment of four out of six months on wage award, the committee of minimum wage review, payment of outstanding salaries and wages of tertiary education workers in federal- owned educational institutions, suspension of VAT on diesel, payment of N25,000 conditional cash transfer to 3,140,819 households, including the pensioners.
“While she said the government has made a huge financial commitment to the provision of CNG Buses and conversion Kits, she also explained that the procurement process was slowing down the launch but measures were already in place to fast-track the process.
“The minister explained that the government has commenced a series of engagements with relevant stakeholders on tax incentives, just as the leadership crises rocking NURTW and RTEAN have been resolved.
Among the progress made are subsidised distribution of fertilisers to farmers across the country, the government’s engagement with various state governments and the private sector on the issue of the implementation of wage awards for their workers, and plans to encourage MSEs in the country to create jobs and boost the economy”, the statement read.