How NNPCL spent $25 billion on refineries in six years as Dangote Refinery fails to take off

  • The newly commissioned Dangote refinery has failed to take off as expected as Nigeria continues to depend on imported petrol
  • However, a new report showed that Nigeria had spent billions of dollars on the maintenance of its four refineries
  • A breakdown shows that the Port Harcourt, Kaduna, and Warri refineries gulped $25bn in Turn Around Maintenance in the last six years

Aliko Dangote, Chairman of the Dangote Group, said during the commissioning of his refinery by ex-President Muhammadu Buhari on May 22, 2023, that the 560,000-barrel capacity refinery will begin production in July or early August.

With August well into the first week, Nigerians are waiting with bated breath as the refinery fails to begin production.