The Senate has resolved to mandate its Committee on Downstream Petroleum to investigate all contracts awarded for the rehabilitation of all the state-owned refineries between 2010 and 2023.
The lawmakers raised the motion today following updates on the state of refineries in Nigeria, insisting that some persons are actively sabotaging government efforts to resuscitate the nation’s refineries, in spite of N11.35 trillion spent on maintenance of the moribund refineries.
The house also promised to consult the Federal Ministry of Petroleum Resources, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian National Petroleum Company Limited (NNPCL), Bureau of Public Enterprises (BPE) on the best approach to commercializing and/or ensuring profitability of the state-owned Refineries.
In addition, the upper chamber concluded plans to ascertain the progress of ongoing works in all refineries in order to forestall waste and corruption, invite the NNPCL, NUPRC and LNG to explain the nation’s preparation for Green Energy Sources in line with the Paris Agreement on Climate Change.
