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Friday, July 25, 2025

‘N910 fuel price cut insufficient’ – Nigerians slam NNPC

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By Luminous Jannamike

ABUJA — Many Nigerians have expressed disappointment with the Nigerian National Petroleum Company Limited (NNPC Ltd) after it reduced the pump price of petrol to N910 per litre, calling the move inadequate in light of the country’s ongoing economic hardship.

The backlash followed the release of NNPC’s 100-day scorecard celebrating the achievements of its Group Chief Executive Officer, Engr. Bashir Bayo Ojulari. But many Nigerians say the celebration overlooks deeper problems in the energy sector.

On social media platform X, users criticised the company, accusing NNPC of focusing on public relations rather than real solutions.

The hashtag #NNPC100Days trended briefly, with users drawing attention to persistent fuel scarcity, high production costs, and concerns over financial transparency.

In a statement issued on 23 July 2025, NNPC highlighted Ojulari’s achievements so far, such as reviewing key refineries, building partnerships with the Dangote Refinery, and setting a vision to make Africa self-sufficient in refining petroleum products.

The company also announced goals like increasing daily oil production to two million barrels by 2027 and attracting $30 billion in investments by 2030.

However, many Nigerians remain unconvinced.

“NNPC is celebrating 100 days with a fancy scorecard, but Nigerians are still queuing for fuel at N910 per litre. Where is the energy security they promised? Refineries are still comatose, and we’re importing petrol. This is PR, not progress,” wrote @EnergyWatchNG.

Others pointed to ongoing financial concerns.
“While NNPC claims milestones, the Senate is probing N210 trillion unaccounted for. How do you celebrate when you can’t explain missing funds?” tweeted @LagosAnalyst.

The company’s efforts to revive Nigeria’s refineries also came under fire.

“NNPCL’s refinery rehab claims vs reality: Warri Refinery has been shut down since January 2025, and Port Harcourt Refinery operates at less than 40% capacity. Billions of naira have been invested with no tangible outcomes,” posted @Karl.

Critics also questioned the clarity and impact of NNPC’s plans.

“Vague ambitions wrapped in corporate lingo. No hard KPIs or quantifiable targets met. This isn’t a scorecard of achievement; it’s a status report with hope sprinkled in,” commented @Director_Ohi.

With public frustration on the rise, pressure is mounting on NNPC and the Tinubu administration to provide concrete results and rebuild trust in Nigeria’s energy sector.

The post ‘N910 fuel price cut insufficient’ – Nigerians slam NNPC appeared first on Vanguard News.

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