The Chief Executive Officer of Oando Plc, Mr. Wale Tinubu has described the firm’s involvement in Port Harcourt refinery as a ‘patriotic act’.
Tinubu, who appeared before the Senate Joint Committee on Petroleum Resources chaired by Senator Kabir Marafa on Thursday, explained that the firm is supporting the government to make the nation self-sufficient in petroleum products production and to end fuel importation and subsidy.
He said: “I must explicitly state that no mandate for the concession, sale, equity transfer or privatisation of the Port Harcourt refinery or any of the nation’s refineries has been signed with Oando. As a crude exporter and supplier of refined products to the country, it is intuitive and patriotic for us to be interested in the refurbishment and upgrade of the refineries.
“Our proposed participation as a local partner in this effort is an opportunity to drive the country forward and accelerate the process to see products security realised in this dispensation. We share the vision of the Nigerian government to become a petroleum products self-sufficient country in the short to medium term, and ultimately be a net exporter.
