The Group Chief Executive Officer of NNPC Limited expressed frustration over media attacks, affirming that the company is not involved in criminal activities. The Senate panel raised questions on the $1.5 billion approved for refinery maintenance with little results.
During the Senate session, the unfair treatment of public companies was highlighted, with calls for live broadcasts of investigations. Dangote Refinery also shared challenges faced.
NNPC’s CEO emphasized the company’s growth and denied involvement in economic sabotage. Dangote Refinery’s strategy officer advocated for industry protection and fair competition.
As discussions continued, the focus shifted to the refinery’s production and challenges in importing crude. The Ministers pledged to rehabilitate idle refineries and boost oil production.
The session aimed to uncover saboteurs in the petroleum sector and address misinformation. The upcoming public hearing will shed light on industry realities and promote transparency.
Overall, the session highlighted the need for sector reform, protection of local industries, and promotion of fair competition.
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