Kaduna State’s former Commissioner of Info and Pioneer Chairman of the Nigerian Maritime Administration and Security (NIMASA), Tijjani Ramallan, has criticized the position of Nigeria Nationwide Petroleum Firm Restricted (NNPCL) in rehabilitating the nation’s 4 refineries, saying that it has wasted billions of {dollars} on Turnaround Upkeep (TAM) with nothing to indicate for it.
In response to Ramallan, who can be a media guru and proprietor of Liberty Media Group in Kaduna, the NNPCL has wasted closely on Turnaround Upkeep (TAM) on its refineries since 1999, with restricted success.
He stated that to this point, the 4 refineries’ efficiency has been suffering from inefficiency, corruption, lack of transparency, insufficient funding, and poor administration.
He stated in an announcement on his Fb web page on Thursday that “President Bola Ahmed Tinubu, or any future chief, faces vital challenges in reforming the petroleum sector,” significantly with the current unhappy improvement within the oil trade that has plunged Nigerians into hardship and poverty.
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Ramallan listed the indices of Key Refinery Efficiency Indicators thus:“Capability utilization: ~20-30% (far under optimum), Manufacturing: ~50,000-60,000 bpd (vs. put in capability of 445,000 bpd), and Downtime: Frequent shutdowns as a result of upkeep, technical points.”
He additionally famous the earlier TAM expenditures on the 4 refineries within the nation, which haven’t repositioned them for manufacturing, as follows: from 1999-2007: $2.3 billion, 2008-2012: $1.6 billion, and 2013-2019: $1.3 billion.
Nonetheless, Ramallan stated that the best way ahead below the scenario Nigeria finds itself in managing the 4 refineries within the nation is “Privatization or Public-Personal Partnerships (PPPs), Transparency and accountability in upkeep and operations, Funding in modernization and upgrading, Improvement of latest refineries (e.g., Dangote Refinery), and Strengthening regulatory frameworks.”
He added: “President Bola Ahmed Tinubu’s administration can study from previous errors and implement reforms to revitalize Nigeria’s refining sector.”
