Fuel price hike: NNPCL not saboteur of Dangote, other local refineries, says Kyari
Mele Kyari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Ltd, has insisted that NNPC Ltd is never a party sabotaging the efforts of domestic refineries while reiterating that it is part-owners of the Dangote Refinery and stressed further that such investment is a strategic move aimed at strengthening domestic fuel supply.
Kyari, while asserting the opening ceremony of the 42nd Nigeria Association of Petroleum Explorationists (NAPE) Annual International Conference and Exhibition themed “Resolving the Nigeria Energy Trilemma: Energy Security, Sustainable Growth and Affordability” in Lagos, on Monday, reiterated the company’s commitment to resolving the country’s energy trilemma by ensuring energy security, sustainable growth and energy affordability.
Kyari, who was reacting to claims that NNPC Ltd is sabotaging the efforts of domestic refineries, also commended President Tinubu’s efforts to relieve forex pressures by reducing fuel imports and strengthening Nigeria’s local refining capacity, emphasised the need for collaboration, innovation, and technology in achieving Nigeria’s energy goals.
“Resolving the energy trilemma requires bold ideas, shared knowledge, and collective determination. Together, let us build a Nigeria where energy is secure, sustainable, and affordable for all.”
According to him, NNPC Ltd is set to collaborate with private refineries to ensure affordable and sustainable petroleum products supply and Naira-for-crude transactions to stabilise the local currency and regulate forex markets, saying this will bring about the expansion of gas infrastructure such as the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline and the Obiafu-Obrikom-Oben (OB3) Gas Pipelines projects and the development of cleaner energy options, such as Liquefied Natural Gas (LNG) and Compressed Natural Gas (CNG).
