Nigeria Loses N366.2bn in 5 Months Due to Port Harcourt Refinery Shutdown
Nigeria incurred a loss of N366.2bn over five months following the shutdown of the Port Harcourt Refinery. The refinery, located in Rivers State, was revived in November 2024 by NNPC under Mele Kyari's leadership.
The shutdown for maintenance and assessment led to a daily loss of revenue from the production of various petroleum products. The government had approved a comprehensive rehabilitation project worth $1.5 billion in 2021 to reopen the refinery.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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