President Bola Ahmed Tinubu has expressed optimism about Nigeria's economic future following the successful reopening of the Warri Refinery, one of the nation’s largest oil processing plants. The president hailed the reopening as a significant milestone for the country's industrial growth and energy sector stability.
Speaking at the official ceremony in Warri, Delta State, on Friday, President Tinubu emphasized that the resumption of operations at the refinery marks a transformative step toward securing Nigeria’s energy independence, creating jobs, and driving economic prosperity.
“This is not just the reopening of a refinery, but the beginning of a new era for Nigeria. The Warri Refinery’s reopening is a testament to our commitment to rebuilding key infrastructure, reducing our dependency on imported petroleum products, and providing affordable fuel to our people,” President Tinubu stated. “With this achievement, Nigeria is charting a course toward a future that is self-sufficient, secure, and resilient.”
The Warri Refinery, which has been idle for several years due to underinvestment and technical challenges, is now poised to process refined petroleum products at a capacity of over 125,000 barrels per day. This revitalization is expected to meet domestic fuel demand, boost local employment, and contribute to the government’s diversification agenda.
The president also highlighted that the reopening is part of a broader strategy aimed at modernizing Nigeria's oil and gas infrastructure, including the rehabilitation of refineries in other parts of the country. He called on industry stakeholders, including private investors, to continue supporting the government’s vision for a robust and sustainable energy sector.
In his address, Tinubu outlined several other initiatives designed to strengthen Nigeria’s energy sector, improve power supply, and ensure economic stability. He emphasized that the federal government remains committed to fostering an environment conducive to investment, technological innovation, and inclusive growth across all sectors.
.