Nigerians wondering about the fate of the four refineries in the country and why they seem not to come into the picture in the calculation and debate over subsidy removal, now have something to hold as the Federal Government, has finally spoken on the matter.
Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), at the Port Harcourt Refining Company Limited (PHRC) plant, on Friday, said Nigeria would end petroleum product importation soon, as efforts are being redoubled to restore the nation’s local refining capacity.
While undertaking a first-hand tour to assess the level of repairs at the Port Harcourt Refining Company Limited (PHRC) plant, Lokpobiri, accompanied by Ekperikpe Ekpo, Minister of State for Petroleum (Gas), Permanent Secretary, Ministry of Petroleum Resources, Gabriel Aduda, and the Group Chief Executive Officer (CEO), Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, said considering the level of progress recorded in the PHRC rehabilitation project, the plant would come back on stream by Dec. 2023.
Lokpobiri was quoted by Garba Deen Muhammad, spokesman of NNPC, in a statement, as saying: “Our reason for coming here today is to ensure that in the next few years, Nigeria stops fuel importation.
“From what we have seen here today, Port Harcourt Refinery will come on board by the end of the year, Warri will come on stream by the first quarter of 2024, and Kaduna will also come on board towards the end of 2024. If you add those to the Dangote Refinery, we will be able to stop fuel importation, and Nigerians will enjoy the full benefits of deregulation.”
While expressing satisfaction with the ongoing rehabilitation work at the Port Harcourt refinery, stating that once all the refineries were back on stream, Nigerians would enjoy a better supply of petroleum products, Lokpobiri, also stressed that foreign exchange would also be domesticated, leading to an improved economy.
Kyari, who said bringing back the refineries to their optimal levels was a national aspiration, and that NNPC remained focused on delivering that, added: “We are aware of our nation’s challenges in terms of fuel supply. But we are not here to give excuses.
“We are focused on delivering this rehabilitation project, our two other refineries, and all other investments towards revamping the nation’s refining capacity. We are hopeful that in 2024, this country will be a net exporter of petroleum products,” Kyari stated.
Ekpo expressed readiness of the ministry to go into the field to resolve challenges facing the sector, adding: “We are here to go into the field. Yesterday was the era of subsidies. Today, we don’t have subsidies. Today, people are in a desperate situation to heave a sigh of relief; and see how to live. You all know that petrol is very vital to our economy. All hands must be on deck to ensure that the refineries are working,” the Minister stated.