‘We Await It’s Impact’ – Obi Reacts As PH Refinery Begins Operation

'We Await It's Impact' - Obi Reacts As PH Refinery Begins Operation

Peter Obi, the 2023 Presidential Candidate of the Labour Party (LP) has reacted to the successful revitalising of the old Port Harcourt Refinery, noting that like other Nigerians, he awaits it’s impact on the price of fuel.

The former Anambra State Governor also extended his congratulations to the Nigerian National Petroleum Corporation Limited (NNPCL) for the revitalization of the refinery.

Edum News earlier reported that the NNPCL announced on Tuesday that the 60,000 barrels-per-day refinery has resumed operations.

This development has sparked widespread excitement among Nigerians as many are hopeful that this will mark the end of the country’s reliance on the importation of Premium Motor Spirit (PMS).

Also reacting to this in a statement shared on his official X account, expressed optimism, noting that Nigerians are eagerly anticipating the positive impact of the revitalisation.

He said, “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. 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.”