Fani-Kayode accuses private operators of undermining Port Harcourt Refinery

Fani-Kayode accuses private operators of undermining Port Harcourt Refinery

Former Aviation Minister, Femi Fani-Kayode, has alleged that private operators seeking monopoly in the petroleum refining sector are working to discredit the Port Harcourt Refinery Company (PHRC), which was reopened on Tuesday.

In a post on his X handle, Fani-Kayode said: “It is a pity that some elements in the private sector who are new in the field are doing all they can to undermine and understate this great victory for Nigeria. The oil business is not the same as selling sugar, spaghetti, cement, or rice, and no matter how hard you try, you cannot muscle your way and create a monopoly on the sale of refined products as you did for other commodities over the years.”

Fani-Kayode described the revival of the refinery as one of the most promising developments in Nigeria’s petroleum sector in years, crediting the achievement to President Bola Tinubu and the Group Chief Executive Officer (GCEO) of NNPC.

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He expressed optimism that the Nigerian National Petroleum Company (NNPC) would continue to grow and, once its other refineries are fully operational, bring relief to Nigerians.