We spent N100bn on refineries rehabilitation in 2021- NNPC

The Nigerian National Petroleum Company (NNPC) Limited has said that it spent N100 billion on the rehabilitation of the nation’s refineries in 2021. The group said it spent N8.3 billion every month in 2021 to revamp the refineries.

The disclosure was made in the Nigerian National Petroleum Corporation (NNPC) presentation to the Federation Account Allocation Committee (FAAC) meeting on its funding performance for the year

Nigeria still imports its refined petroleum products despite the refineries in Warri, Port hacourt and Kaduna producing a joint capacity of 445,000 barrels of oil per day

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