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Nigeria: Tinubu Urged to Probe NNPCL's Failure to Revive Port Harcourt Refinery

WALVIS BAY, NAMIBIA, JUL 10 – The 1.6 million-barrel storage facility in Walvis Bay will supply refined fuels to Namibia and four neighboring countries, advancing Dangote Refinery's pan-African distribution strategy.

  • Dangote Group plans to build fuel storage tanks holding at least 1.6 million barrels in Walvis Bay, Namibia, aiming to supply southern Africa.
  • This expansion follows Dangote refinery's $20 billion facility start last year after Nigeria's government reversed its earlier refinery privatization deal.
  • Dangote refinery now produces 650,000 barrels per day, meeting Nigeria’s demand while expanding exports beyond West Africa—including a shipment to Asia last month.
  • Former President Obasanjo and others criticized NNPC’s management, noting over $2 billion spent with no refinery results, saying, “NNPC cannot do it” and scrap value is $200 million.
  • Meanwhile, the North East Coalition urged President Tinubu to investigate NNPC’s refinery failures, highlighting unaccounted rehabilitation funds and calling for accountability and transparency.
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NNPC refineries may never work again despite $18bn spent

·Nigeria
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thesudantimes.com broke the news in on Wednesday, July 9, 2025.
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