Former President Olusegun Obasanjo has renewed concerns about Nigeria’s refineries. He insists the facilities may never function efficiently again. Meanwhile, the Nigerian National Petroleum Company Limited continues seeking technical partners. These partners will manage the Port Harcourt, Warri, and Kaduna refineries.
During a televised interview, Obasanjo highlighted the success of public-private partnerships. He referenced Nigeria LNG Limited as a strong example of efficiency. According to him, private sector involvement drives better results and accountability. However, he argued that government-managed ventures often struggle to deliver consistent outcomes.
Furthermore, Obasanjo revealed past attempts to involve Shell plc in refinery operations. The company declined, citing limited downstream profits and outdated infrastructure. He explained that Nigeria’s refineries remain too small and poorly maintained. In addition, persistent corruption issues discouraged serious private sector participation.
He also recalled a major offer from Aliko Dangote to acquire stakes in the refineries. Although the deal progressed, it was later reversed under Umaru Musa Yar’Adua. Consequently, Nigeria lost a significant opportunity to modernise its refining sector.
Today, concerns persist despite billions spent on rehabilitation projects. Notably, the refineries still operate below global standards and remain commercially uncompetitive. Obasanjo warned that continued inefficiencies could worsen Nigeria’s energy challenges. Therefore, experts stress the urgent need for strategic reforms and credible partnerships.
As debates continue, stakeholders now watch whether ongoing reforms will finally transform Nigeria’s struggling refinery system.
