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Update: Tinubu welcomes the reopening of the Warri Refinery, strengthening Nigerians’ hope in his administration, says Onanuga

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… Domestic refiners would be forced to reduce Prices – Marketers

Oil marketers and the Nigerian Midstream and Downstream Petroleum Regulatory Authority have said the prices of refined petroleum products are to drop further following the commencement of operations at the Warri Refining and Petrochemicals Company Limited.

Dealers in the downstream oil sector said competition in the space would now be stiffer, as domestic refiners would be forced to reduce prices to get buyers.

They stated this on Monday following the announcement by the Nigerian National Petroleum Company Limited that the 125,000 barrels per day WRPC in Delta State had commenced operations.

NNPCL also announced plans to begin the export of locally refined products to foreign countries in exchange for foreign currency.

The development comes barely a month after the commencement of operations at the 60,000 barrels per day-old Port Harcourt Refinery in Rivers State.

During an inspection tour of the facility on Monday, the NNPCL Group Chief Executive Officer, Mele Kyari, explained that the inspection aimed to show Nigerians the level of work completed so far.

Kyari, addressing a tour team, which included the Chief Executive Officer of NMDPRA, Farouk Ahmed, and the NNPC Board Chairman, Pius Akinyelure, noted that the repairs on the facility were not yet 100 per cent complete, but refining operations had commenced and would focus on producing straight-run kerosene, diesel, and naphtha.

However, President Bola Tinubu, in a statement celebrating the milestone, said the facility is operating at 60 per cent, representing 75,000 barrels per day capacity.

Kyari said, “We are taking you through our plant. This plant is running. Although it is not 100 per cent complete, we are still in the process. Many people think these things are not real. They think real things are not possible in this country. We want you to see that this is real.”

He stated that the restart of the Warri refinery will help the nation become a net exporter of petroleum products, as some of these products will be sent to the international market.

“Secondly, this plant had three stages; we have started plant one, which we call Area One. It’s able to produce AGO (diesel), kerosene, naphtha, and a blend of crude oil. These are high-grade quality products that are required in the country, and we may need to export them. So this will give us cash, this company will make money and the promise of Mr President that this country must be a net exporter of petroleum products is already happening. Some of these products will go into the international market.

“Most importantly, I must put on record that Mr President believes that we can get this to work and get them to start and gave us the charge that we must start all three refineries. It’s already happening; we have started the 60,000 barrels per day refinery, and Area One of the Warri refinery is already working. Other plants that would produce PMS are being streamed and they would also come alive.

“Lastly, the Kaduna refinery is also on stream. We are not going to give you a date, but we would surprise Nigerians as we did the other day, and Kaduna would start operations. We thank Mr President for supporting us all the way through. I must congratulate our team for their determination and extreme belief that this country can restart this plant. This has brought this result in collaboration with our contractors and our entire staff. I would like to thank them and appreciate them for making history and that it’s possible to start a plant that you deliberately shut down. It’s possible and we have proved it,” he added.

The National Operations Controller of the Independent Petroleum Marketers Association of Nigeria, Mustapha Zarma, said the competition in the downstream oil sector is now going to intensify.

This, he said, is going to force down refined petroleum products’ prices.

He said, “Certainly, there is going to be a further drop in prices once the facility starts pumping out products in large volumes. This is because there is going to be a lot of competition and the market will be driven by market forces at the end of the day.

“We want to commend the efforts of the government and NNPC for making sure that the Warri refinery has started operating, and we encourage them to make sure all three refineries operate. Port Harcourt refinery earlier started operations, now Warri has started and we expect Kaduna to follow.

“With this development, we believe that the market will be driven by a lot of competition. And that competition at the end of the day will bring succour to the common man as a result of the further drop in fuel prices.”

Also, the NMDPRA Chief Executive, Ahmed Farouk, speaking at the tour of the plant, said the new refinery wiould drive down the price of petroleum products in Nigeria.

He added that investors were building modular refineries which would benefit Nigerians.

“We thank God Almighty for yet another milestone. It’s been a very pleasing year 2024. We have seen our plants coming up. Last month, we commissioned the Port Harcourt refinery. Before that, the Dangote refinery was producing. Now we are in Warri refinery Area One, which we understand is producing products like naphtha, fuel oil, and AGO. And by the time the second part of it comes on, it will start producing petrol. We can still blend naphtha for the gasoline but when the other plants come on, it will be producing gasoline directly.

“It is important to note that this achievement is being enjoyed by the Nigerian public. For the first time in more than two decades, we are having the Yuletide without fuel queues and fuel all over the country. This is due to the determination of President Bola Tinubu to push the regulator and NNPC to come onstream.

“Investors are also coming in. We now have modular refineries around the country, and they are producing gasoline and kerosene. We only have to consolidate all of these to reflect on the pricing, which we expect to still come down. The regulator intends that prices should come down with the abundance of products available across the country for the betterment of the consumer,” Farouk said.

The NMDPRA boss continued, “We can see what some people termed as a price war; it’s not a price war but a competition for the market share. Both refineries are coming on and the importation of fuel to supplement whatever we have locally. We would now have the barometer to measure the price, and we believe that the price will still come down. And this is due to the abundance and availability of the product all across the country.

“I must also commend the NNPCL for their determination to ensure that the plants are already on stream and they are already working on the Kaduna refinery. This is an achievement for our country and we should not take it lightly. Our energy security is improving and it would reflect on the economy.”

Also on his part, the Secretary of IPMAN, Abuja-Suleja, Mohammed Shuaibu, stated that aside from reducing the prices of refined products, the commencement of operations of the Warri refinery would cushion the dollar demand for fuel imports.

He said, “Nigerians are happy and we marketers are too, because I know that with this development, the prices of refined products in Nigeria will continue to go down. Remember the President directed that crude be sold to the Dangote refinery in naira, which was a good sign of hope for the common man.

“As it is now, the demand for dollars to import products will continue to drop and this will positively impact our foreign exchange reserves. So we are happy that the Warri refinery is now on stream, after the commencement of operations at Port Harcourt refinery. We pray that Kaduna will also begin operations soon.

“Once all the refineries begin operations, you can imagine the level of competition that will take place in the downstream oil sector. In a country with five refineries, one by Dangote and four by NNPC, the competition will be heavy and the prices of products will crash.”

NNPCL confirms Warri refinery fire incident
The Warri refinery has been under rehabilitation since 2021 for $898m. Located in Ekpan, Uwvie, and Ubeji, Warri, the petrochemical plant produces 13,000 metric tonnes per annum of polypropylene and 18,000 MTA of carbon black.

Inaugurated in 1978 and managed by NNPCL, the WRPC was built to supply markets in the southern and southwestern regions of Nigeria.

The mechanical completion of the facility was initially scheduled for the first quarter of 2024, according to the NNPCL spokesperson, Olufemi Soneye.

“Warri should be done by Q1 (first quarter) 2024,” Soneye stated.

The WRPC is one of Nigeria’s four refineries, alongside the old and new Port Harcourt Refining Company in Rivers State and the Kaduna Refining and Petrochemical Company in Kaduna State.

The revamp offers a significant boost to a nation aiming to reduce its dependence on costly fuel imports.

Additional production from the Warri plant moves Africa’s top oil-producing nation closer to becoming self-sufficient in locally consumed refined products following the startup of the giant 650,000-barrels-a-day Dangote refinery in Lagos, which began operations earlier this year.

The coming onstream of the Dangote refinery dragged the price of petrol to N935 per litre after a consistent price surge by the national oil firm.

The development came after intense pricing competition in the nation’s downstream sector, which triggered what some observers tagged a price war between NNPCL and Dangote due to a reduction in the ex-depot price to N899 per litre.

Recently, the NNPCL, in a surprising development, slashed petrol prices by 12 per cent, to the delight of Nigerians and marketers.

While fuel importation has not completely stopped, ramping up domestic production could cut foreign exchange demand by at least 15 per cent, according to the Central Bank of Nigeria.

Speaking further at the tour on Monday, the NNPCL board chairman thanked the refinery staff for their efforts in achieving the milestone.

He also stated that the country would soon stop the importation of refined petroleum products.

He said, “Today is a very happy day for us at the NNPCL for witnessing those milestones where we have proven that we can produce AGO, naphtha, kerosene, and other products. I thank the refinery employees who have joined the management in Warri to get to this point.

“Nigerians are waiting for products that they need, and very soon imported refined petroleum products will be a thing of the past. We will start exporting. More refineries are coming up and they should be encouraged. The more we can build and export it will help the value of our naira. One more time I want to thank our regulatory authority for finding time to be here, the GCEO for his unrelenting efforts to make all our refineries work.”

President Tinubu expressed his profound joy at the re-opening of the Warri Refining and Petrochemical Company by the NNPCL.

He described the development as “another remarkable achievement in 2024 that has strengthened Nigerians’ hope in his administration.” Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, revealed this in a statement on Monday.

The statement was titled ‘President Tinubu commends NNPCL over the re-opening of Warri refinery.’

“Today, the Warri Refinery returned to operation weeks after NNPC Limited restarted the 60,000 barrels per day at the Port Harcourt Refinery in November.

“With Warri Refining and Petrochemical Company going into operation after several years of inactivity, President Tinubu has once again expressed his administration’s determination to ramp up local refining capacity and make Nigeria a hub for downstream industrial activities in Africa,” the statement read.

The All Progressives Congress-led administration of former President Muhammadu Buhari awarded the contract for the complete rehabilitation and overhaul of the four state-owned refineries.

President Tinubu noted with confidence that with the 125,000 bpd Warri refinery now operating at 60 per cent capacity, his administration’s comprehensive plan to ensure energy efficiency and security is entirely on course.

He praised the Mele Kyari-led management of the NNPCL for working hard to restore Nigeria’s glory and pride as a major oil-producing country.

“The restart of Warri Refinery today brings joy and gladness to me and Nigerians. This will further strengthen the hope and confidence of Nigerians for a greater and better future that we promised.

“This development is a remarkable way to end the year following the feat recorded earlier with the old Port Harcourt Refinery. I am equally happy that NNPC Limited is implementing my directive to restore all four refineries to good working condition.

“I congratulate Mele Kyari and his team at NNPCL for working hard to restore our national pride and make Nigeria a hub for crude oil refining in Africa,” President Tinubu said.

President Tinubu enjoined NNPCL to accelerate repair work on Kaduna Refinery and the 150,000 bpd second refinery in Port Harcourt to consolidate Nigeria’s position as a global energy provider.

WRPC will focus on producing and storing critical products, including Straight Run Kerosene, Automotive Gas Oil and heavy and light Naphtha.

The WRPC located in Warri, Delta State, Nigeria, was commissioned in 1978 as the nation’s first wholly owned refinery.

Originally designed to process 100,000 barrels of crude oil per day, it was later upgraded in 1987 to handle 125,000 barrels per day.

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Democracy Day: Tinubu Honours Heroes, Seeks Stronger Collective Action on Terrorism

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President honours Gens. Yar’Adua, Williams, Igbokwe, media moguls, activists, other heros
With a call on Nigerians to unite in the fight against terrorism, banditry and kidnapping, President Bola Ahmed Tinubu reflected on the nation’s 27 years of uninterrupted democracy.

He said such joint efforts had become imperative because the battle against insecurity cannot be left to the government alone.

The President listed some deserving individuals, including the late Gen. Shehu Musa Yar’Adua, Gen. Ishola Williams, media executives, rights crusaders and others for national honours.

In his Democracy Day broadcast this morning, the President urged citizens to avoid ethnic profiling and blame games in the face of security challenges.

He assured that the country would emerge stronger and more united after overcoming terrorism.

He said: “At a time like this, let us not assign blame or point fingers. Crime has no ethnicity.

“We must stand united and be assured that the enemies of our nation shall soon be history.

“We will triumph over terror and continue to build a more prosperous nation.”

The President spoke against the backdrop of recent abductions in Oyo and Borno states.

He described the incidents as a painful reminder that democracy cannot thrive without security.

Expressing optimism that the abducted children would regain their freedom, Tinubu stressed that his administration had responded decisively by declaring a security emergency and approving the recruitment of more than 50,000 police officers and thousands of military personnel.

Besides, he said the government allocated N5.41 trillion to defence and security in the 2026 Budget, describing it as the largest security vote ever.

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“Democracy without security is a mirage,” he said, noting that the allocation represents the biggest defence and security budget in Nigeria’s history.

Tinubu said the country had moved beyond conventional military training exercises with international partners to precision targeting of terrorist networks, citing the degradation of an ISWAP command centre in Arege, Borno State, as evidence of progress.

Reflecting on the democratic journey, Tinubu said the country had enjoyed its longest uninterrupted period of civilian rule, spanning 27 years since the return to democratic governance in 1999.

He noted that despite its imperfections, Nigeria’s democracy remained resilient because citizens had consistently chosen leaders through the ballot box, resolved disputes through legal institutions and ensured peaceful transitions of power.

Ahead of the forthcoming governorship elections in Ekiti and Osun states, the President urged stakeholders to safeguard the integrity of the electoral process.

He called on the Independent National Electoral Commission (INEC), security agencies and political parties to ensure peaceful and credible polls, warning that democracy suffers whenever citizens lose confidence in elections.

The Ekiti governorship election will be held on June 20, while the Osun poll is scheduled for August 15.

Tinubu challenged the National Assembly, the Judiciary, the media and civil society organisations to continue serving as guardians of democratic governance.

“Criticise me, disagree with me, but never stop believing in Nigeria,” he said.

On youths, the President urged them to see the country as their future and contribute actively to national development rather than seeking opportunities elsewhere.

He said: “Nigeria is your home and your future. Build here, code here, work here, and vote here. Every great nation was built by those who stayed to solve problems, not by those who abandoned ship.”

The President also commended members of the armed forces, police, intelligence agencies, traditional rulers, religious leaders and community heads for their roles in promoting peace and national cohesion.

The President paid glowing tribute to Nigerians who endured imprisonment, exile, persecution and death during the struggle for democracy, describing them as heroes whose sacrifices made the current democratic dispensation possible.

He saluted the late winner of the annulled June 12, 1993 presidential election, Chief Moshood Kashimawo Abiola, and his deceased spouse, Alhaja Kudirat Abiola, alongside other democracy vanguards.

Former President Muhammadu Buhari in 2018 signed an Executive Order proclaiming June 12, the date of the historic election won by Abiola but annulled by the military, as Democracy Day. It has since been observed as a public holiday.

Those listed for national recognition include Chief Gani Fawehinmi, Chief Bola Ige, Chief Alfred Rewane, Senator Abraham Adesanya, Chief Anthony Enahoro, Alhaji Balarabe Musa, Commodore Dan Suleiman, Dr. Beko Ransome-Kuti, Chief Frank Kokori, Chief Arthur Nwankwo, Mr. Chima Ubani and Gen. Yar’Adua.

Tinubu also announced national honours for many journalists, activists, lawyers, politicians and civil society leaders who suffered persecution, detention, exile and other hardships during the struggle against military rule.

Many military officers who were persecuted during the pro-democracy struggle were also honoured.

They are Ayoka Lawani, Tunde Fagbenle, Oladele Alake, Olatunji Bello, Louis Odion, Segun Babatope, Sam Omatseye, Ademola Osinubi, Bola Bolawole, Lade Bonuola, Femi Kusa, Osa Director, Richard Akinnola, George Mbah, Niran Malaolu, Gbemiga Ogunleye, Jenkins Alumona, Muyiwa Adekeye, Babajide Kolade-Otitoju, Ike Okonta and Ben Charles-Obi (posthumous).

Activists on the list are Debo Adeniran, Ayo Opadokun, Ralph Obiora, Ose Osayande, Sylvester Odion-Akhaine and Arthur Nwankwo (posthumous).

Others are Osagie Obayuwana, Joe Okei-Odumakin, Titus Mann, Joe Igbokwe, Maj.-Gen. Ishola Williams (retd) and Femi Aborisade.

The President equally recognised many military officers, including Maj.-Gen. M.A. Garba, Brig.-Gen. Lawal Jaafaru Isa, Col. Umar Farouk Ahmed, Col. Sambo Dasuki, Col. Lawan Gwadabe, Brig. Jonathan Ndam Temlong, Col. Musa Shehu, Maj.-Gen. Chris Eze, Maj.-Gen. Harris Dzarma, Col. Isa Jibrin, Maj.-Gen. Joseph Oshanupin, Col. Olusegun Oloruntoba, Lt.-Col. Happy Kefas Bulus, Col. J. Okai, Col. Emmanuel Ndubueze, Lt.-Col. Yakubu Muazu and Brig. Yahaya Abubakar, who is the Etsu Nupe.

The President added: “Among the architects of modern democratic Nigeria, we honour General Shehu Musa Yar’Adua for his vision of national partnership.

“In recognition of his contributions, the Federal Government has approved the revitalisation and renaming of the completed Institute of Petroleum Studies, Kaduna, as the General Shehu Musa Yar’Adua University of Geological Sciences and Engineering Technology.”

Tinubu said the full honours list would be released in the coming days.

According to him, the greatest tribute Nigerians can pay to the heroes is to build a nation where freedom is protected, justice is upheld, opportunities are expanded, and government remains accountable to the people.

June 12, he believes, demonstrates the possibility of a united Nigerian nation, noting that while the heroes of that struggle secured political freedom, the responsibility of the present generation is to secure economic freedom.

‘Reforms necessary’

He defended the economic reforms undertaken by his administration, arguing that they were necessary to rescue the country from severe fiscal strain and economic uncertainty.

The President said the reforms had restored stability and credibility to economic management, increased federation revenues, improved fiscal transparency and attracted fresh investments into agriculture, manufacturing, energy, technology, mining, transportation and the creative sector.

He added that domestic refining capacity had expanded significantly, enhancing energy security and reducing dependence on imported petroleum products.

‘We’ll deliver on electricity supply’

On electricity, Tinubu said his administration inherited a sector plagued by inadequate generation, weak transmission infrastructure, huge distribution losses, a metering deficit exceeding four million customers and massive legacy debts.

He noted that the Electricity Act signed by his administration had empowered states to generate, transmit and distribute electricity, while the Presidential Power Sector Task Force had been mandated to tackle the metering gap and raise a N4 trillion bond to settle verified debts in the sector.

The President said the Rural Electrification Agency (REA), with support from the World Bank and the African Development Bank (AfDB), was extending off-grid and mini-grid electricity projects to underserved communities, educational institutions, markets and hospitals across the country.

“Electricity is a democratic dividend we owe every Nigerian. We intend to deliver it,” he said.

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Highlighting ongoing projects, the President said they were creating jobs, improving connectivity and opening new opportunities for enterprise.

He said the National Agricultural Development Fund (NADF) was deploying 10,000 tractors over five years, while over 1,000 small and medium enterprises had been certified for export.

He added that non-oil exports grew by 21 per cent in the past year.

Despite the progress, the President acknowledged that many Nigerians continued to face economic hardship.

He assured citizens that the government remained focused on reducing inflation, increasing food production, creating jobs, improving living standards and ensuring that the benefits of economic reforms reached every household.

“We are moving from uncertainty to stability. The next phase is about accelerating growth and ensuring the benefits are felt in every home, every community and every region. We believe that democracy must be felt in the pocket,” he said.

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BREAKING: Reps Pass State Police Bill in Major Security Reform Move

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The House of Representatives has passed the state police bill, effectively making way for the decentralisation of the Nigerian policing architecture.

The resolution followed the voting by 289 lawmakers in favour of state police during Thursday’s plenary session presided over by the Speaker, Tajudeen Abbas.

Recall that the House committed Thursday’s plenary to voting on the State Police Bill following the spike in killings, kidnappings, and banditry in the past few months.

The session was not without its fair share of drama, as shortly after the lawmakers settled down for the business of the day, Kaduna lawmaker, Bashir Zubairu, moved a point of order, explaining that the document on the proposed state police put together by the House Committee on Constitution Review got to the lawmakers only on Thursday afternoon.

Recognised to speak by the speaker, Zubairu said, “Mr Speaker, this document was only made available to lawmakers in the chambers, and we are yet to go through it. We cannot do justice to it because we have not gone through it.”

Zubairu, a member of the African Democratic Congress, was ruled out of order, allowing the process to proceed.

While the Speaker took members through the clauses, voices shouting “Point of Order” could be heard, but the presiding officer ignored them.

Before the voting began, Abbas announced that the electronic voting system was faulty, noting that the exercise would be conducted based on attendance.

Out of the 290 members in attendance, 289 voted in favour of state police while one voted against. The Speaker abstained from voting.

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No More Delays’ — Senate Leader Confirms State Police Bill Passage This Week

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The National Assembly is set to pass the constitutional amendment bill establishing state police this week, Senate Leader Opeyemi Bamidele has disclosed, describing the reform as long overdue in view of Nigeria’s worsening security challenges.

Speaking in an interview with journalists, the lawmaker representing Ekiti Central Senatorial District said the National Assembly had concluded consultations with key stakeholders and was ready to fast-track the amendment process.

According to him, the amendment would be separated from the broader constitutional review exercise to ensure speedy passage and transmission to the 36 state Houses of Assembly for ratification.

“A cross-section of Nigerians has made it abundantly clear that there cannot be a better time to establish state police than now. We have reached a firm conclusion that we will pass the constitutional amendment to make provision for state police, and this will come to fruition this week,” Bamidele said.

He disclosed that consultations had involved the National Assembly leadership, the Attorney-General of the Federation, the Chief of Staff to the President, the Inspector-General of Police and other critical stakeholders.

The Senate Leader also revealed that President Bola Tinubu and a majority of state governors support the proposal, expressing confidence that the required approval from two-thirds of state assemblies would be secured.

On the controversy surrounding calls for a probe into military spending amid rising insecurity, Bamidele defended the Senate’s decision to reject the motion, insisting that placing the armed forces under public scrutiny while they are actively engaged in counter-terrorism operations would be counterproductive.

He said the military was confronting an unconventional enemy and had continued to make sacrifices in the fight against terrorism despite difficult circumstances.

“We cannot put our military on trial in the middle of a war. Accountability mechanisms already exist through the Senate Committees on Defence, Army, Navy and Air Force, which carry out oversight responsibilities,” he stated.

Bamidele argued that significant progress was being made against insurgents, adding that recent attacks by terrorists reflected desperation arising from heavy losses suffered during military operations.

The Senate Leader also dismissed claims that the 10th National Assembly had become a “rubber stamp” of the Executive, saying lawmakers had consistently engaged the Presidency behind closed doors to resolve disagreements before bills reached the floor.

According to him, constructive collaboration between the legislature and the executive should not be mistaken for weakness.

“We are not a rubber stamp Senate. We simply chose to resolve disagreements privately rather than perform them publicly,” he said.

On electoral reforms, Bamidele maintained that the Electoral Act should not be amended in the heat of political contests, stressing that any review should take place after elections and without retroactive effect.

He also reaffirmed his support for the publication of legislators’ salaries and allowances, saying greater transparency would help dispel public misconceptions about lawmakers’ earnings and benefits.

Regarding anti-kidnapping legislation, Bamidele disclosed that the proposed Anti-Terrorism Bill and measures prescribing the death penalty for convicted kidnappers remain on course and would be concluded alongside related constitutional amendments.

Reflecting on the performance of the 10th Senate, he identified the controversy surrounding the suspension of a senator and allegations of gender insensitivity as one of the institution’s lowest moments.

However, he highlighted several legislative achievements, including tax reforms, the student loan scheme, and the establishment of new federal tertiary institutions across the country.

Bamidele expressed optimism that the Senate’s reforms, particularly the state police initiative and tax legislation, would strengthen national security, deepen democratic governance and provide long-term economic benefits for Nigerians.

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