President Bola Tinubu has assured Nigerians that government-owned refineries will return to operation after ongoing reforms aimed at making them commercially viable and sustainable.
Tinubu gave the assurance on Thursday while receiving the leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), led by its President, Mr Sulaimon Oladiti, at the Presidential Villa, Abuja.
The president said the administration was focused on restructuring the economics of the refineries to ensure profitability and value creation.
He stressed that refinery operations would not be judged by visible activity alone but by their ability to deliver sustainable returns.
“The refineries that you mentioned are going to come back to work. We are just building a very firm reset and structural reworking of the economics of it,” he said.
