President Bola Tinubu has assured Nigerians that government-owned refineries will return to operation. He recently had his say while receiving the leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), led by its President, Mr Sulaimon Oladiti, at the Presidential Villa, Abuja.
Announcing that there are ongoing reforms aimed at making them commercially viable and sustainable, Tinubu declared that his administration is focused on restructuring the economics of the refineries to ensure profitability and value creation.
BAT added that refinery operations will not be judged by visible activity alone but by their ability to deliver sustainable returns.
His words, “The refineries that you mentioned are going to come back to work. We are just building a very firm reset and structural reworking of the economics of it.
It is my responsibility now as President to fix it and make it work for the largest common value of our population. I take responsibility for that and I am going to do it.
Whatever benefit that is coming from CNG is going into the pockets of truck owners. It is not spreading as fast as I would like it, but it should spread.
It is through perseverance, endurance and determination that we can bring about relief. The pain may be temporary, but the joy is everlasting.”
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