Peter Obi congratulates NNPC on revamping old PH refinery 

Peter Obi, the former presidential candidate under the Labor Party, has congratulated Nigerian National Petroleum Corporation (NNPC) for fulfilling the long-standing promise of revamping the old Port Harcourt refinery.

As gathered by the Diaspora Digital Media (DDM), ­Obi’s post on his X formerly Twitter page on Wednesday, read “I wish to congratulate the Nigerian National Petroleum Corporation (NNPC) for fulfilling the long-standing promise of revamping the old Port Harcourt refinery.”

“The refinery, which comes on stream today, boasts an installed production capacity of 60,000 barrels of crude oil per day. Approximately 200 trucks are expected to load products daily from the refinery.”

“Nigerians now await the corresponding impact and benefits on pump prices and the overall economy.”

“Additionally, news of the Kaduna refinery’s revival is promising, as it is expected to boost productivity, improve transportation, and alleviate economic burdens across the country.”

“While we acknowledge these achievements as a step in the right direction, it is crucial to emphasize the importance of transparency in the operations of the NNPC.”

“Nigerians deserve clarity and accountability regarding the management of the nation’s vital oil resources, ensuring that the benefits of increased refining capacity reach every Nigerian and that the gains are used to support long-term development.”

“A new Nigeria is POssible,” the post concluded.

Know about Peter Obi

Peter Obi is a Nigerian politician and businessman who served as the Governor of Anambra State from 2006 to 2014.

He was born on July 19, 1961, in Onitsha, Anambra State, Nigeria.

He attended Christ the King College in Onitsha before he obtained a Bachelor of Arts in Philosophy from the University of Nigeria, Nsukka, and later earned an MBA.

Career of Peter Obi

Obi’s career spans both the private and public sectors. He was elected governor of Anambra on March 17, 2006, but was impeached eight months later.

Personal Life of Peter Obi

Obi is married to Margaret Brownson Usen, and they have two children, Gabriella Nwamaka Frances Obi and Gregory Peter Oseloka Obi.

His wife, Margaret, is known for her commitment to women’s empowerment and child protection activities.

Political Career of Peter Obi

The Onitsha born man was the Governor of Anambra State between 2006 and 2014 and was a member of the Nigerian Governors Forum.

He held the position of the chairman of the South-East Governors Forum.

Peter Obi’s Business Career

Peter Obi is the chairman of the Next International Nigeria Ltd, the Director, Guardian Express Mortgage Bank, and the Director of the Chams Nigeria Plc.

Awards and Recognition

In 2012, the former Anambra governor received the Bill & Melinda Gates Foundation Award for his efforts in improving healthcare.

Also, in 2012, he received the Ezeife Leadership Foundation Award for Leadership and Good Governance and the Golden Award on Prudence from the Methodist Church of Nigeria.

Personal Qualities

He is known for his frugal lifestyle and commitment to transparency, advocacy for good governance and accountability, and a strong supporter of education and healthcare development.

Presidential Campaign (2023)

The Nigerian politician ran under the Labour Party (LP) platform, focused on issues like corruption, economy, security, and education, and gained significant support from young Nigerians.

Policy Initiatives

Obi proposed a $5 billion infrastructure development fund, advocated for a decentralized police force, and promised to tackle corruption and improve transparency.

Controversies

The businessman faces criticism for his handling of the Anambra State’s finances during his tenure and accused of being overly critical of his successors.

Publications

“The Challenge of Leadership in Africa” (2013) and “Good Governance and Economic Development” (2015) are Obi’s publications.

Social Media

His social media handles on X formerly Twitter is @PeterObi, Facebook @PeterObi, and on Instagram @PeterObi.

Publications Peter Obi

“Peter Obi: The People’s Governor” by Valentine Obienyem and “The Peter Obi Phenomenon” by Chuks Iloegbunam are books written about Peter Obi.

Net Worth

Peter’s estimated net worth is around $10 million, with investments in real estate, supermarkets, and financial services.

Know also about PH refinery

The New Port Harcourt Refinery, also known as Port Harcourt Refining Company Limited (PHRC), is a Nigerian oil and gas company that specializes in refining crude oil into petroleum products.

It is located at Alesa Eleme, near Port Harcourt, and has a complex configuration, with two plants: the old refinery, which was commissioned in 1965, and the new refinery, which started operations in 1989.

Refinery Capacity and Operations

The old refinery has a capacity of 60,000 barrels per stream day, while the new refinery can process 150,000 barrels per stream day.

The combined capacity of both refineries is 210,000 barrels per stream day. However, due to inefficient processes and lack of maintenance, the refinery has only utilized a fraction of its capacity in recent decades.

Products and Services

The refinery produces various petroleum products, including Petrol, Diesel, Liquefied Petroleum Gas (LPG), Paraffin for aircraft and households, Low-viscosity fuel oil (LPFO), and High-viscosity fuel oil (HPFO).

Renovation and Modernization

In March 2021, the Nigerian government approved a £1.08 billion expenditure for the refurbishment and modernization of the refinery complex.

The renovation project, which will be carried out in three phases, is scheduled for completion by 2025.

Management and Ownership

The Port Harcourt Refining Company Limited is a subsidiary of the Nigerian National Petroleum Corporation (NNPC).

The company is headed by Managing Director Ahmed Dikko, along with Executive Directors Babatunde Sofowora and Reginald Udeh.

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