The Group Chief Executive Officer of NNPC Ltd., Engr. Bashir Bayo Ojulari, has reaffirmed the Company’s dedication to dismantling structural bottlenecks hindering the realisation of a self-sufficient refining ecosystem in Africa.
Ojulari disclosed this whereas delivering a keynote tackle titled “Building an African Refinery Hub” on the Global Community Insights Conference on the West Africa Refined Fuel Market, which was held on the Transcorp Hilton, Abuja, on Tuesday.
According to the GCEO, by strategic evaluation and repositioning of its refineries, strategic fairness within the Dangote Refinery, condensate alternatives, and help for different third-party initiatives, the NNPC Ltd. might kickstart Africa’s transformation right 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 famous that infrastructure integration, indigenous possession, and coverage harmonisation stay important drivers of downstream transformation and are vital to creating a reputable African reference market that ensures power safety, reduces import dependence, and powers Africa’s industrial aspirations.
The GCEO additionally counseled the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) for organising the occasion and championing the dialog, which can result in Africa changing into power ample.
He charged stakeholders within the refining sector to maneuver from declarations to supply, from nationwide ambition to regional execution and from fragmented growth 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.
