The Presidency has announced plans to privatise Nigeria’s state-owned oil refineries in Port Harcourt, Warri, and Kaduna as part of ongoing reforms under President Bola Tinubu’s administration.
This was revealed by the Special Adviser to the President on Media and Public Communications, Sunday Dare, through a reform tracker shared on his X account.
The tracker highlights milestones in the oil sector, including efforts to boost local refining capacity.
“Full privatisation of Port Harcourt, Warri, and Kaduna refineries in the works. Local oil refining and production to peak steadily with Dangote and modular refineries active. With full local refining capacity gradually being met, days of fuel queues to end,” the tracker stated.
Nigeria’s four major refineries, with a combined installed capacity of 445,000 barrels per day, have operated far below capacity for years, despite substantial government investments in rehabilitation.
The administration’s reform strategy, strengthened by the commissioning of the Dangote Refinery and modular refineries, aims to revitalise the sector, reduce reliance on fuel imports, and eliminate recurring fuel shortages.
