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Port Harcourt refinery’ll crash fuel price, create jobs—IPMAN, PETRAON
Stakeholders in the oil and gas industry have said the commencement of production at the Port Harcourt Refining Company will engender competition, crash the pump price of petroleum products and create jobs for Nigerians.
Recall that the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari had on Tuesday inaugurated a 60,000 barrel per day capacity plant at the old Port Harcourt Refinery Deport.
During the event, Kyari said the other sections of the refinery will be completed in due course.
The stakeholders, including the Independent Petroleum Marketers Association of Nigeria, said this while speaking with newsmen at the sideline of resumption of production at the Port Harcourt Refinery and loading of trucks at the facility located in Eleme, Rivers State on Tuesday.
The IPMAN Chairman in Rivers State, Tekena Ikpaki, said the coming on stream of the Port Harcourt Refinery while confirming the loading of products into trucks while describing it as a remarkable achievement.
Ikpaki stated, “This will remain memorable in our lives and in our hearts because it has been long expected.
“Now it is no longer expected, it is real, it can be seen and felt. Trucks have been coming in and loading out and we have been witnessing the process.”
Asked what the operation of the Port Harcourt Refinery and the Dangote Refinery together mean for the downstream sector, he said it will engender competition and reduce the cost of petroleum products.
Tekena stated, “You know in God’s time He makes all things beautiful and this is just the best thing that will happen to Nigerians. I mean there is super competition now in the system which is in favour of the entire Nigerians.
“When Dangote and the NNPCL are at loggerheads and they are competing, who enjoys the dividends? Of course you and I. So I believe that since the refinery has come on stream, Dangote is there too, it will further push down the price of products.
“Over the weekend, Dangote had announced price reduction both on the marine and trucking, coming from perhaps the resumed operation of the Port Harcourt Refinery. So I think price reduction will be experienced and it will be in our favour and the favour of Nigerians.”
While expressing the optimism that more trucks are expected to come into the facility to load products in the coming days, saying the event of Tuesday was a test run.
“Yes because it is still a test run. You know the place (Refinery) has been moribund for some time. For now, it is still hypothetical but in no distant time everything will be in its proper place and the inflow of trucks will be seen again the way it used to be, ” the Rivers State IPMAN Chairman said.
On its part, the Petroleum Product Retail Outlet Owners Association of Nigeria said the commencement of production after five years will create job opportunities, boost the nation’s economy and bring about competition in the downstream sector.
The National Public Relations Officer of PETROAN, Joseph Obelle said this also corroborated the opinion of IPMAN that it will lead to a reduction in the price of Premium Motor Spirit also known as Petrol.
Obellei further said the association will continue to work with the management of the NNPCL, retail management and other stakeholders to ensure that products lifted at the Port Harcourt Refinery depot are well distributed to all nooks and crannies of the nation.
He commended President Bola Tinubu and the management of the NNPCL for their commitment to reviving the refinery.
He added, “PETRAON expresses optimism for the commencement of production at the Port Harcourt Refinery.
“We are so sure that it will offer job opportunities, boost the economy of the country and trigger competition in the downstream sector which we reflect significantly to price reduction.
“We want to commend the leadership of the NNPC led by the Group CEO, Mele Kyari for demonstrating leadership with his team towards seeing the Port Harcourt Refinery becoming a reality.”
Obelle added, “Funding would have been an issue if not for the determination of Mr President. So we also commend President Bola Tinubu for releasing funds for the Port Harcourt Refinery rehabilitation”
He lauded the host communities for providing a peaceful atmosphere for the rehabilitation of the refinery and called on the company handling the reconstruction of the Eleme section of the East-West Road to ensure speedy completion of the road for smooth movement of trucks carrying petroleum products from the refinery to other parts of the country.
By Gloria Ikibah
Nigeria and India have reaffirmed their commitment to deepening bilateral relations, with trade, consular matters, education and cultural cooperation taking centre stage during talks between their foreign ministers in New Delhi.
Nigeria’s Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, held bilateral discussions with India’s External Affairs Minister, Dr S. Jaishankar, on the sidelines of the 18th BRICS Leaders’ Summit hosted by India.
The summit is being held under the theme, “Building Resilience, Innovation, Cooperation and Sustainability.”
In a statement issued on Sunday, the minister’s Special Assistant on Communication and New Media, Dr Magnus Eze, said the welfare of Nigerians living in India was among the major issues discussed by the two ministers.
A key concern was the situation of Nigerians who have overstayed their visas. Odumegwu-Ojukwu appealed to the Indian authorities for an extension of the existing amnesty arrangement to allow affected Nigerians to return home voluntarily without facing penalties.
The ministers also discussed the possibility of concluding a bilateral Memorandum of Understanding on the Transfer of Sentenced Persons.
The proposed agreement would establish a framework for the humane and orderly transfer of eligible prisoners between Nigeria and India.
On economic relations, the two sides examined opportunities for increasing trade and investment, while stressing the importance of building stronger and mutually beneficial economic partnerships.
Education and cultural exchanges also featured in the discussions, with both countries recognising the sectors as important tools for strengthening people-to-people relations.
Greater cooperation in these areas, the statement said, is expected to promote mutual understanding while creating more opportunities for citizens of Nigeria and India.
The meeting formed part of Nigeria’s efforts to use its participation in the BRICS platform to strengthen bilateral partnerships, attract greater economic opportunities and advance South-South cooperation.
Nigeria’s engagement with India comes as both countries seek to broaden their areas of cooperation beyond traditional diplomatic relations, particularly in trade, investment, education and people-to-people exchanges.
By Gloria Ikibah
Nigeria is seeking to tap into India’s experience in technology and youth engagement as Vice-President Kashim Shettima leads the country’s delegation to the 18th BRICS Summit in New Delhi.
Vice President Shettima is representing President Bola Tinubu at the summit, where Nigeria is expected to pursue opportunities in trade, investment, agriculture, technology, manufacturing and industrial development.
The high-level Nigerian delegation includes the Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu; Minister of Industry, Trade and Investment, Jumoke Oduwole; Minister of Communications, Innovation and Digital Economy, Bosun Tijani; and Minister of Environment, Balarabe Lawal.
Nigeria became a BRICS partner country in January 2025 and has since used the platform to strengthen South-South cooperation and expand economic and diplomatic relations with major emerging economies.
A major focus of Nigeria’s engagement at the summit will be India’s progress in technology, artificial intelligence and the digital economy, particularly its approach to harnessing its large youthful population.
Odumegwu-Ojukwu said India’s experience offered important lessons for Nigeria, especially in agriculture, the digital economy, artificial intelligence and the participation of women in the technology sector.
She said Nigeria was determined to learn from India’s expertise and its “greatest strength” in engaging young people to promote innovation, economic growth and inclusive development.
The minister stressed that India’s ability to deploy technology while creating opportunities for its youthful population could provide useful ideas for Nigeria as it seeks to expand its digital economy and create more opportunities for its young people.
Beyond technology and youth development, Nigeria is expected to use its participation in the BRICS Summit to strengthen economic ties with India and other emerging economies.
The country will also seek to attract investment and expand cooperation in agriculture, manufacturing and industrial development as it explores ways of turning its BRICS partnership into tangible economic opportunities.
Nigeria’s participation underscores the Federal Government’s broader push to deepen engagement with emerging economies and strengthen partnerships capable of supporting technology-driven growth and sustainable development.
The Minister of the Federal Capital Territory (FCT), Barr. Nyesom Wike, has said President Bola Ahmed Tinubu is fully aware of his “Rainbow Coalition” and all his political activities.
Wike made the declaration on Tuesday night while speaking on Arise News Prime Time.
“There is nothing that I do that I don’t tell Mr. President,” he stated.
The FCT Minister said he was mobilizing support across party lines for the reelection of President Tinubu in 2027 under what he termed a “Rainbow Coalition.”
He has consistently maintained that his support is solely for the President, and not for the All Progressives Congress (APC), as a party.
Wike, a chieftain of the Peoples Democratic Party, (PDP), said his actions are not done in secret, stressing that the President is carried along at all times.
Wike also said he is not answerable to governors elected on the platform of the APC.
“I’m not answerable to APC governors.
“If people fail to learn from other people, they don’t grow. I took 31 days to commission projects in the FCT and they are not happy,” he added.
Turning to the Governor of Imo State, Hope Uzodimma, Wike said: “Hope Uzodimma should be lucky that I’m not in the APC. Hope fears for nothing.
“When I look at the APC governors who held the press conference, I see some people who are smart but politically lazy. Hope Uzodinma was the governor of Imo State, yet President Tinubu could not secure 10% of the votes there.
“Hope in his own state, Imo state, he was Governor. President Tinubu didn’t get 10% votes in the 2023 elections, but he took two senators and Labour Party took one senator. Is he saying Imo people were confused, or were they not confused?
“The governors of Osun, Anambra and Abia States are supporting the President reelection. Won’t they still support the candidates of their parties in other elections? So where is the confusion?”
Speaking about Rivers State, the Minister said; Becauseof our rainbow coalition, we no longer have Rivers of blood. There is no litigation on party candidates in Rivers State, unlike Imo State.”
When asked where else in the South-South the President can win, the Minister replied: “That can happen in Bayelsa State. The whole PDP there is working for the President. The founder of the NDC is not the founder of Bayelsa.”
“As I sit here today, I will tell you that the President will win in the FCT,” he added.
Nigeria-India Deepen Ties as Trade, Consular Issues Dominate BRICS Talks
Nigeria Eyes India’s Tech Edge, Youth Power at BRICS Summit
Wike: Tinubu privy to my rainbow coalition, says I’m not answerable to APC governors
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