The Labour Party (LP) Presidential candidate in the 2023 general elections, Peter Obi has congratulated the Nigerian National Petroleum Corporation Limited (NNPCL) on the revitalization of the old Port Harcourt refinery.

New Telegraph had earlier reported that the NNPCL announced that the 60,000 barrels-per-day Refinery commenced operations on Tuesday, November 26.

The development has continued to generate reactions from Nigerians, who are excited over the end of the importation of Premium Motor Spirit (PMS).

Speaking on the development, the former Anambra State governor in a statement issued on Wednesday said Nigerians await the impacts and benefits to reflect on the pump price of the petroleum products.

READ ALSO:

“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”, he said.

The former Anambra governor also expressed optimism that the “news of the Kaduna refinery’s revival is promising, as it is expected to boost productivity, improve transportation, and alleviate economic burdens across the country.

“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”.