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In order to establish a strong basis for an independent refining ecosystem in Africa, the Nigeria National Petroleum Company Limited (NNPCl) has reaffirmed its dedication to removing structural obstacles.
In a keynote speech titled “Building an African Refinery Hub,” its Group Chief Executive Officer, Engr. Bayo Ojulari, revealed this during the Global Community Insights Conference on the West Africa Refined Fuel Market, which took place at the Transcorp Hilton in Abuja.
He asserted that the NNPC Ltd. could initiate Africa’s transition into a refining hub by means of strategic refinery review and repositioning, strategic equity in the Dangote Refinery, condensate potential, and assistance for other third-party initiatives.
“NNPC Ltd stands ready,” he continued. Co-creating, co-investing, and co-leading the development of an inclusive, robust, and globally competitive African refining ecosystem.
In order to establish a credible African reference market that ensures energy security, lessens reliance on imports, and fuels Africa’s industrial ambitions, he pointed out that policy harmonization, infrastructure integration, and indigenous ownership continue to be crucial forces behind downstream transformation.
Read Also:Â Dangote: Africa Imports 120 Million Tons of Petroleum Products Every Year
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) was also praised by him for organizing the event and promoting the discussion that would make Africa energy self-sufficient.
From declarations to delivery, from national aspirations to regional implementation, and from fragmented development to system-scale transformation, he pleaded with those involved in the refining sector.
“Let’s build a new backbone for Africa’s industrial age, not just refineries,” he remarked. Let’s purify not just crude but also this continent’s future. Let our deeds represent not only the demands of the present but also the long-term goals of future generations.
