Group Managing Director of Nigerian National Petroleum Company Limited, Mele Kyari, has assured Nigerians that the administration of President Bola Tinubu would repair one of the country’s four refineries before the end of the year.
According to Kyari, Tinubu has concluded all the arrangement for the refinery to operate at an optimal level.
Kyari disclosed this during a meeting with the National Chairman of the All Progressives Congress, Senator Abdullahi Adamu.
He appealed to Nigerians to be patient as the President is working out some palliative measures to ease the pains of Nigerians.
Kyari said; “I’m aware that Mr president has directed some engagements and some palliatives will be put in place. I am very sure this will happen. There is an ongoing process of rehabilitation. One of them will come this year, the second one will come on stream next year and then the third will follow thereafter.
“Of course, it is very obvious that we can no longer afford subsidy. Subsidy bills have piled up. The country is not able to settle NNPC for the money we are spending on subsidy. Therefore pricing this petroleum at the market price is the right thing to do at this point in time and I believe it would benefit the country in the long term.”
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