THE NUMBERS: How billions pumped into refineries since...

THE NUMBERS: How billions pumped into refineries since...

‎Available but fragmented public data indicates that Nigeria has spent billions of dollars on the rehabilitation of state-owned refineries since the early 1990s, yet output from the facilities has remained persistently weak, reinforcing the country’s dependence on imported refined petroleum products. ‎ ‎A data aggregation of disclosed spending across successive administrations shows a long-running cycle of intervention without commensurate opera…

Tinubu urged to direct EFCC to investigate billions spent on Port Harcourt, Warri refineries

Advocates urge EFCC investigation into alleged $3.5bn refinery funds misuse before NNPCL signs new contracts with Chinese firms amid prior failures.

$5.3bn Spent in 27 Years:  Nigeria’s Endless Refinery Repairs Continue

By Lizzy Chirkpi After nearly three decades of repeated Turnaround Maintenance (TAM) exercises with little to no lasting impact, Nigeria’s troubled refinery sector is once again in the spotlight. More than $5.3 billion has been spent on rehabilitation efforts since 1999, yet the country remains heavily dependent on imported fuel. Now, the Nigerian National Petroleum Company Limited (NNPCL) has signed a fresh Memorandum of Understanding (MoU) wit…