President Tinubu Vows Return of Nigeria’s Refineries to Operation, Gives No Timeline

President Bola Tinubu has assured that Nigeria’s state-owned refineries will return to operation after undergoing a comprehensive restructuring process, while providing no timeline.

The president made the disclosure in Abuja while receiving the National Executive of the Nigerian Union of Petroleum and Natural Gas Workers, NUPENG, led by its National President, Comrade Salimon Oladiti, at the State House.

This follows months after the refineries were shut down in February, in which the Nigerian National Petroleum Company Limited, NNPC Ltd, revealed that internal assessments showed the facilities were operating at ‘monumental losses’ and destroying national value.