President Bola Tinubu has pledged to restore government-owned refineries and expand the compressed natural gas (CNG) initiative as part of broader economic reforms. The commitment comes amid ongoing discussions with labor unions and industry stakeholders aimed at improving energy infrastructure and reducing fuel subsidies.
Tinubu met with the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) to address concerns over fare adjustments and subsidy removal. During the meeting, he emphasized the government’s focus on economic recovery and assured workers of long-term benefits. Separately, Tinubu reiterated his determination to rebuild the economy by reviving refineries and promoting sustainable energy solutions.
Officials from the Nigerian National Petroleum Corporation (NNPC) have also confirmed that the government has accepted the assets and liabilities of the refineries, paving the way for their operational resumption. These steps reflect Tinubu’s administration’s push to modernize the energy sector and reduce reliance on imported fuel.
The government’s strategy includes expanding the CNG program to provide affordable and cleaner transportation options, while also addressing the challenges faced by workers and local communities. These measures are part of a larger effort to stabilize the economy and improve public services.
