Nigeria’s N200 Billion Refinery Rehab Fails to Revive Facilities
Despite substantial investments totaling N200 billion since 2021, Nigeria’s efforts to rehabilitate and repair its aging refineries have yielded little success, leaving the facilities largely non-functional. In 2021, the Nigerian National Petroleum Company Limited (NNPCL) reported that it was spending N8.3 billion monthly on the rehabilitation of its four refineries: the Port Harcourt refineries, Kaduna…
