Tinubu stands firm on refinery revival despite criticism
President Bola Tinubu has expressed confidence that Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna can be revived, countering doubts from former President Olusegun Obasanjo and other stakeholders. Tinubu insists on taking responsibility for rehabilitating the refineries, despite concerns about past failures and the billions already spent. Obasanjo and energy experts argue that privatisation and private-sector involvement are better solutions for the troubled facilities. Meanwhile, some local groups have pledged political support for Tinubu if the refineries return to full operation.
TLDR
- Bola Tinubu disagrees with Olusegun Obasanjo’s claim that the Port Harcourt, Warri, and Kaduna refineries may never work, insisting they will be restored.
- Obasanjo cites failed attempts at privatisation and past rejections by Shell, arguing that the refineries are too small, poorly maintained, and plagued by corruption.
- Energy expert Dan Kunle criticises continued government spending on the old refineries and advocates for privatisation and investment in other sectors.
- The Port Harcourt Refinery Host Community Bulk Petroleum Retailers Association supports Tinubu and promises to mobilise political backing if the refinery resumes full operations.
- Stakeholders remain divided, with some backing government-led rehabilitation and others urging a shift to private-sector management or outright sale.
