Dangote Refinery Fails to Take Off as Nigeria Spends $25 Billion on NNPC Refineries
Aliko Dangote, Chairman of the Dangote Group, said during the commissioning of his refinery by ex-President Muhammadu Buhari on May 22, 2023, that the 560,000-barrel capacity refinery will begin production in July or early August.InformationGuideNigeria
With August well into the first week, Nigerians are waiting with bated breath as the refinery fails to begin production. LEGIT reports.JAMB Portal
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There has yet to be a word from the refinery management about when the refinery will begin production.
Meanwhile, the failure of the Nigerian National National Petroleum Company, which later became a limited liability company under the Petroleum Industry Act (PIA), to maintain a successful Turn Around Maintenance (TAM) of Nigeria’s four refineries reportedly brought Nigeria to the fuel import crisis.NYSC Portal
The refineries include two in Port Harcourt with a combined refining capacity of 210,000 barrels per day, the Kaduna Refinery and Petrochemical Company in Kaduna with 110,00bpd capacity, and the Warri Refinery with a 125,000bpd capacity.JAMB Result
The four refineries give Nigeria a combined 445,000bpd. For over 10 years, the four refineries have drained resources from Nigeria, operating below capacity until 2021, when total production was stopped. NNPC’s spending on the refineries over the years.
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