NNPC Ltd Dismantling Bottlenecks To Self-sufficient Refining Sector In Africa –
Ojulari
The Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari has
reaffirmed the Company’s commitment to dismantling structural bottlenecks towards
laying a solid foundation for a self-sufficient refining ecosystem in Africa.
Ojulari disclosed this while delivering a keynote address titled, “Building an African
Refinery Hub”, at the Global Community Insights Conference on the West Africa
Refined Fuel Market, which held at the Transcorp Hilton, Abuja, on Tuesday.
According to the GCEO, through strategic review and repositioning of its refineries,
strategic equity in the Dangote Refinery, condensate opportunities and support for
other third-party projects, the NNPC Ltd could kickstart Africa’s transformation into a
refining hub.
“NNPC Ltd stands ready. Ready to co-create, co-invest, and co-lead in building an
African refining ecosystem that is inclusive, resilient, and globally competitive,” Ojulari
added.
He noted that infrastructure integration, indigenous ownership, and policy
harmonization remain essential drivers of downstream transformation and are critical
to creating a credible African reference market that guarantees energy security,
reduces import dependence, and powers Africa’s industrial aspirations.
The GCEO also commended the Nigerian Midstream and Downstream Petroleum
Regulatory Authority (NMDPRA) for organising the event and championing the
conversation which will lead to Africa becoming energy sufficient.
He charged stakeholders in the refining sector to move from declarations to delivery,
from national ambition to regional execution and from fragmented development to
system-scale transformation.
“Let us build, not just refineries, but a new backbone for Africa’s industrial age. Let us
refine, not just crude, but the future of this continent. Let our actions reflect, not just
today’s needs, but the enduring aspirations of generations yet unborn,” he concluded.
