
30/07/2025
Community Stakeholder Rejects NNPCL’s Decision Not To Privatise PH Refinery
By Emmanuel Obe
A prominent community stakeholder and National Public Relations Officer of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Dr. Joseph Obele, has faulted the decision of the Nigerian National Petroleum Company Limited (NNPCL) to retain ownership of the Port Harcourt Refining Company while preparing to privatise the Warri and Kaduna refineries.
In a statement made available to journalists, Dr. Obele described the move as a misguided strategy that contradicts national interest, community development, and economic efficiency.
“This is not good news,” he declared. “The decision to exclude Port Harcourt Refinery from privatization is deeply concerning, especially given NNPCL’s long record of corruption, inefficiency, and favoritism. Privatization is the only way to breathe life into our refineries.”
Citing the success of private-sector-driven projects like the Indorama Petrochemical plant in Eleme, Rivers State, Dr. Obele argued that privately managed firms are often more committed to host community development and operational excellence.
“NNPCL has consistently failed Nigerians,” he said. “From fuel scarcity and product adulteration to mismanagement and unaccounted subsidies, the public is fatigued. We need a fresh start.”
He gave 10 reasons why privatizing the Port Harcourt Refinery would be beneficial. The reasons include, increased efficiency and productivity, inflow of investment and capital, transfer of modern expertise and technology, and job creation and economic development
The other reason he gave were elimination of bureaucratic bottlenecks, improved transparency and accountability, enhanced global competitiveness, better resource management, higher revenue for the government and improved product quality and supply reliability
Dr. Obele called on President Bola Tinubu to urgently intervene and ensure that the Port Harcourt Refinery is included in the ongoing privatization plans.
He assured prospective investors of strong community backing. “Our people are ready to welcome any reputable private investor with open arms. We believe such collaboration will transform our community and contribute to national economic growth.”
Dr. Obele, who is also a lecturer at the Ignatius Ajuru University of Education, urged the government to avoid repeating the mistakes of the past by clinging to inefficient public ownership.
“Privatizing the Port Harcourt Refinery is not just a business decision; it is a bold step towards sustainable development and national transformation,” he concluded.