The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has said oil refineries were not created to reduce petrol prices.
Kyari stated this on Friday when he appeared before the National Assembly Joint Committee on Appropriations.
Recall that the Senate Committee had issued a 24-hour ultimatum on Wednesday to Kyari and the Executive Secretary of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to appear and warned that failure to appear undermines the legislature and sabotages the process.

Speaking during his appearance, Kyari said the expected functionality of refineries does not guarantee a potential drop in the pump price of petroleum because it is not the main objective of the refineries.
What's your opinion on this

Those refineries will have to export their fuel for optimum profit. We know. It shows how failed our currency is.

No end in sight for our economy doldrums.They assured us initially that local production via building refinery will bring price down through the forces of demand and supply. Now the tune is changing.

winnah:
The Group Chief E.
What's your opinion on this

Until useless vultures and Vampires called leaders are gotten rid of, Nigeria is as good dry