13/07/2025
NNPC Confirms Refineries’ Failure, Sparks Outrage and Calls for Probe
The Nigerian National Petroleum Company Limited (NNPCL) has admitted that the nation’s refineries in Port Harcourt, Warri, and Kaduna remain non-functional despite billions of dollars invested in their rehabilitation, prompting sharp criticism from opposition leaders and renewed calls for a criminal investigation into alleged corruption.
On Thursday, Aliko Dangote, President of the Dangote Group, raised concerns about the refineries’ viability, stating that the approximately $18 billion spent on their turnaround maintenance may never yield results. Echoing this, NNPCL’s Group Chief Executive Officer, Bayo Ojulari, revealed on Friday during an interview with Bloomberg in Vienna, Austria, that the company is considering selling the refineries due to their outdated infrastructure and failed rehabilitation efforts. “We’ve invested heavily without tangible outcomes,” Ojulari said, noting that a strategic review of NNPC’s refinery operations, expected to conclude by year-end, could lead to divestment. “Sale is not out of the question. All options are on the table,” he added.
Opposition leaders, responding on Saturday, lambasted President Bola Tinubu’s administration for the mismanagement of public assets and demanded a thorough probe into the funds allocated to the refineries’ rehabilitation. They accused both the current government and the preceding administration of former President Muhammadu Buhari of misleading Nigerians about the refineries’ operational status. “The government cannot move on without identifying and prosecuting those responsible for these massive losses,” one opposition leader stated, warning that selling the refineries without strict safeguards risks repeating the underperformance seen in the privatized power sector.
Ojulari, who succeeded Mele Kyari as NNPCL GCEO on April 2, 2025, acknowledged the challenges posed by obsolete infrastructure and underperforming technologies. “Some of those technologies have not worked as expected, and refining old, abandoned facilities is proving more complicated,” he said at the 9th OPEC International Seminar. His remarks contrast sharply with Kyari’s 2019 assurances that the refineries would be operational by May 2023.
The revelations have intensified scrutiny of the Tinubu administration’s handling of critical national assets, with opposition figures urging accountability and transparency as the NNPC considers its next steps.