Ojulari Says Fixing Nigeria’s Refineries Challenging Due to Years of Neglect
The Group Chief Executive Officer of NNPCL, Bayo Ojulari, disclosed that fixing Nigeria’s refineries remains difficult after decades-long neglect.
Ojulari noted during a PENGASSAN delegation visit that restoring the refineries has been hindered by poor maintenance and mismanagement.
He stressed that despite significant investments, refineries in Kaduna, Warri, and Port Harcourt remain difficult to revive sustainably.
Ojulari compared the refineries to old cars, stating that neglect caused system breakdowns despite heavy repair expenditures.
He explained that NNPCL had completed technical and commercial reviews, introducing a new Incorporated Joint Venture model for rehabilitation.
According to him, the Port Harcourt refinery review showed that involving professional refining partners remains the most sustainable solution.
Ojulari emphasized leveraging NNPCL’s equity in the Dangote Refinery to stabilize supply and prevent fuel shortages nationwide.
He revealed that his leadership priorities included reviving domestic refineries while ensuring accountability and avoiding political interference.
Ojulari said the reforms attracted resistance, but insisted NNPCL will not bow to short-term pressure undermining sustainability.
He explained that genuine transformation is difficult but essential, stressing Nigerians must accept reforms despite resistance from vested interests.
PENGASSAN President Festus Osifo commended NNPCL’s progress, citing increased crude production, reduced oil theft, and restored pipeline efficiency nationwide.
Osifo also encouraged government to reduce political interference by allowing experienced refiners to acquire equity in refineries.
He praised Ojulari’s leadership, noting NNPCL’s improved performance and stronger partnership with stakeholders across Nigeria’s energy industry.
