PH Refinery: Obi Begs NNPC To Have Mercy On Nigerians, Reduce Petrol Price

The Labour Party (LP) presidential candidate in the 2023 elections, Peter Obi, has taken to social media urging the Bola Tinubu-led administration to provide clarity and accountability regarding the management of the nation’s vital oil resources.

The former presidential candidate said this while reacting to the commencement of oil production at the Port Harcourt Refinery.

He commended the Nigerian National Petroleum Corporation (NNPC) for revamping the old refinery.

He, however, noted that Nigerians now await the corresponding impact and benefits on pump prices and the overall 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.”