Nigerian Petrol Marketers Push for NNPC Refinery Privatization to Boost Energy Security

Nigerian petrol marketers, represented by PETROAN, are urging the privatization of Nigeria's four state-owned refineries, currently under the Nigerian National Petroleum Corporation (NNPC). The association's president, Billi Gilli Harry, emphasizes that privatization will reduce the burden on the government, improve efficiency, and attract private capital and technical expertise to the sector.

PETROAN argues that privatization will promote competition, reduce import dependency, conserve foreign exchange, and support job creation in the oil and gas value chain. The marketers express confidence in achieving energy security through refinery privatization and call for decisive action to improve oil and gas infrastructure.