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Jul 13 25

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Key FactsDoubts Over Nigeria’s State Refinery Viability

Jul 13, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: premiumtimesng.com

Aliko Dangote expressed strong skepticism about the future operability of Nigeria’s state-owned refineries.

The refineries managed by NNPC have absorbed approximately $18 billion in public funds without producing desired outcomes.

Maintaining these facilities is likened to upgrading a 40-year-old car with modern technology, which is impractical.

NNPC is conducting a strategic review that may lead to selling the refineries, with decisions anticipated by the end of 2025.

I doubt very much if they will work.
— Aliko Dangote expresses doubt about the functionality of Nigeria's state-owned refineries.

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