Peter Obi Calls for Transparency in Management of Nigeria’s Oil Resources
Former Labour Party (LP) presidential candidate, Peter Obi, has urged the federal government to prioritize transparency and accountability in the management of Nigeria’s oil resources. His remarks follow the commencement of crude oil processing at the Port Harcourt Refinery, a significant development in the country’s energy sector.
In a statement shared on his X handle on Wednesday, Obi commended the Nigerian National Petroleum Corporation Limited (NNPCL) for revamping the Port Harcourt Refinery but emphasized the need for visible economic benefits to Nigerians.
Commendation for Port Harcourt Refinery Revamp
Peter Obi praised the NNPCL for delivering on its promise to revive the Port Harcourt Refinery, which now operates with an installed production capacity of 60,000 barrels of crude oil per day. He highlighted that approximately 200 trucks are expected to load petroleum products daily from the facility.
“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,” Obi wrote.
While acknowledging the milestone, he noted that Nigerians are now eagerly waiting to see its impact on pump prices and the broader economy.
Calls for Tangible Benefits
Obi stressed that beyond the achievement of increased local refining capacity, Nigerians deserve to experience tangible improvements in their daily lives, including reduced fuel prices and economic relief.
“Nigerians now await the corresponding impact and benefits on pump prices and the overall economy,” he said.
He also expressed optimism about the anticipated revival of the Kaduna Refinery, which is expected to further enhance productivity, transportation, and economic well-being across the nation.
Transparency and Accountability
The former Anambra State governor reiterated the need for transparency in NNPCL’s operations to ensure that the benefits of increased refining capacity are equitably distributed.
“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 NNPCL,” Obi stated.
He added, “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.”
A Step Toward Economic Recovery
Peter Obi’s remarks underscore the broader expectations of Nigerians regarding the recent strides in local refining. As the Port Harcourt Refinery begins operations and the Kaduna Refinery is poised for revival, the focus shifts to how these developments will alleviate economic challenges and reduce reliance on imported fuel.
The call for clarity and accountability reflects the growing demand for government policies that prioritize the welfare of citizens while fostering sustainable economic growth.
