Port Harcourt Refinery: Nigerians deserve clarity, reduction in petrol prices, Peter Obi urges NNPC

The former Labour Party presidential candidate in the 2023 election, Peter Obi, has urged the federal government to ensure transparency and accountability in managing Nigeria’s critical oil resources.

The former Anambra State governor made this appeal in response to the commencement of oil production at the Port Harcourt Refinery.

In a statement on his X handle on Wednesday, Obi praised the Nigerian National Petroleum Corporation (NNPC) for rehabilitating the refinery.

However, he emphasized that Nigerians are eagerly awaiting the positive effects on fuel prices and the broader 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.

“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.

“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.”