A sub-committee of the House of Representatives summoned the group managing director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, and other officials, as it investigates the state of Nigeria’s refineries.
The sub-committee investigating the state of the refineries also invited the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, Minister of finance, Zainab Ahmed, Minister of state for petroleum Timipre Sylva, and the heads of the state-owned refineries.
- The five Nigerian refineries in the country have a combined capacity of 445,000 barrels per day.
- Warri Refinery and Petrochemical Plant have a capacity of 125,000 barrels per day, New Port Harcourt Refinery can produce 150,000 per day, while the Kaduna and old Port Harcourt refineries are defunct. The NNPC spent N100 billion in 2021 on rehabilitation of these refineries.
- Both the Warri refinery and the new Port Harcourt refinery operate at 30% of its capacity.
In January 2022, the lawmakers set a subcommittee up to investigate the state of the refineries, determine a budget for its rehabilitation and ascertain resources needed to restore the refinery. The results presented by the sub-committee were unsatisfactory, as the government officials sent representatives to answer the designated lawmakers.
What they are saying
The ad hoc committee headed by Johnson Ganiyu said that they expect all government officials served an invitation to appear before the committee by Thursday, April 1st, 2022.
Dangote oil refinery, which has a capacity of 650,000 barrels per day, is projected to begin operations from the second half of the year. The refinery will meet Nigeria’s refined products needs with extra products to export.