Close Menu
Chronicle NG
    Trending Stories
    Senate approves Tinubu's $516.3m loan request

    Senate amends rules, blocks ex-govs, Uzodimma from principal offices

    May 6, 2026
    Oshiomhole challenges Reuben Abati to street fight over ‘mischievous’ questions

    Oshiomhole seeks ban on MTN, DSTV over xenophobic attacks

    May 6, 2026
    Tinubu rejects NIMC bill over legal, structural flaws

    Tinubu rejects NIMC bill over legal, structural flaws

    May 6, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Senate amends rules, blocks ex-govs, Uzodimma from principal offices
    • Oshiomhole seeks ban on MTN, DSTV over xenophobic attacks
    • Tinubu rejects NIMC bill over legal, structural flaws
    • Police deny shooting protesting UNICROSS students
    • Saka scores as Arsenal beat Atletico to reach UCL final
    • INEC resumes final phase of voter registration May 11
    • Court to hear suit seeking new probe into Mohbad’s death
    • Fake consumables flood Nigeria as HURIWA faults NAFDAC, SON
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Wednesday, May 6
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    NNPC spending billions on refineries with nothing to show – NUPENG

    Chronicle EditorBy Chronicle EditorJanuary 8, 2018No Comments3 Mins Read
    Facebook Twitter Telegram WhatsApp
    PENGASSAN declares strike at Cameron-Onesubsea over anti-labour practices
    Facebook Twitter WhatsApp
    NUPENG has urged Nigerian government to build refineries

    The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Monday called for the rehabilitation of Nigeria’s refineries, noting that, the state oil firm has spent billions of dollars with nothing to show.

    The oil union also stressed that only when refineries are rehabilitated Nigerians will witness an end to recurring scarcity of petrol in the country.

    Tayo Aboyeji, the South-West Chairman of the union made the call in an interview with the News Agency of Nigeria (NAN) in Lagos.

    “It is disheartening to know that despite the fact that the nation is a major producer of crude oil, it cannot refine the product for its local consumption.

    “It is ridiculous that for the past 15 years now, Nigerian National Petroleum Corporation (NNPC) had been spending billions of dollars on Turn Around Maintenance (TAM) of the refineries with nothing to show for it.

    “If all our four refineries are producing at their maximum output, the country will not be spending billions of naira on importation of refined product.

    READ: Kano Fire Service rescues woman from pit latrine

    “This is the right time for our refineries to work, the Federal Government should as a matter of urgency fix the refineries now,” he said.

    The chairman urged the NNPC to increase supply of petrol to depots in order to reduce the scarcity nationwide.

    According to Aboyeji, it is not yet time for total deregulation of the sector and advised the government to reduce import duty and provide waiver to oil companies to import the product.

    On petrol stations selling above the official pump price, Aboyeji urged the Department of Petroleum Resources (DPR) to investigate properly before sealing such stations.

    “To me, it is not all about the pump price; it is about where they are getting the product and how much they are getting it.

    “Are these private depots selling above the ex-depot price of N133.28?

    “Since DPR started the sealing of petrol stations that are selling above official pump price, we have not seen them asking questions in private depots how much they are selling to marketers.

    “Oil marketers are in business to make money; they cannot get petrol at higher price and sell at lower price.

    “It is the responsibility of DPR to find out the source of where the marketers are getting the product before sealing the stations,” he said.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Senate approves Tinubu's $516.3m loan request

    Senate amends rules, blocks ex-govs, Uzodimma from principal offices

    Oshiomhole challenges Reuben Abati to street fight over ‘mischievous’ questions

    Oshiomhole seeks ban on MTN, DSTV over xenophobic attacks

    Tinubu rejects NIMC bill over legal, structural flaws

    Tinubu rejects NIMC bill over legal, structural flaws

    Police IG vows justice for victims of Plateau massacre

    Police deny shooting protesting UNICROSS students

    INEC chairman announces June 20 by-elections and Ekiti governorship poll at Abuja headquarters ceremony.

    INEC resumes final phase of voter registration May 11

    Court to hear suit seeking new probe into Mohbad’s death

    Court to hear suit seeking new probe into Mohbad’s death

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Senate approves Tinubu's $516.3m loan request

    Senate amends rules, blocks ex-govs, Uzodimma from principal offices

    May 6, 2026
    Oshiomhole challenges Reuben Abati to street fight over ‘mischievous’ questions

    Oshiomhole seeks ban on MTN, DSTV over xenophobic attacks

    May 6, 2026
    Tinubu rejects NIMC bill over legal, structural flaws

    Tinubu rejects NIMC bill over legal, structural flaws

    May 6, 2026
    Police IG vows justice for victims of Plateau massacre

    Police deny shooting protesting UNICROSS students

    May 5, 2026
    Arsenal snatch two own goals to scrape win against rock-bottom Wolves

    Saka scores as Arsenal beat Atletico to reach UCL final

    May 5, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.