The House of Representatives has ordered a comprehensive investigation into the alleged $18 billion spent on the rehabilitation of Nigeria’s state-owned refineries, which have remained largely non-functional despite years of funding and promises.
The decision followed the adoption of a motion titled “Non-Functionality of State-Owned Refineries in Nigeria,” moved by Hon. Sesi Whingan (APC–Lagos) during Thursday’s plenary session in Abuja.
Whingan expressed concern that despite the huge expenditure spanning several administrations, none of the four national refineries Port Harcourt (two), Warri, and Kaduna — are producing refined petroleum products. He noted that billions of dollars had been spent under various turnaround maintenance (TAM) projects without tangible results.
“It is disturbing that over $18 billion has reportedly been spent on refurbishing these refineries with little or nothing to show for it. This is an unacceptable waste of public funds and a disservice to Nigerians,” Whingan said.
The lawmaker argued that the persistent importation of refined petroleum products continues to deplete Nigeria’s foreign reserves and exposes the country to the instability of international oil markets. He called for accountability and transparency in the management of the nation’s oil infrastructure.
Following deliberations, the House resolved to set up a joint committee drawn from the Committees on Petroleum Resources (Upstream and Downstream), Finance, Public Accounts, Anti-Corruption, and Legislative Compliance to investigate all funds released for the maintenance and rehabilitation of the refineries between 2010 and 2024.
The committee is mandated to examine all contracts awarded for refinery repairs, verify funds appropriated and disbursed, and determine whether any infractions, mismanagement, or corruption occurred during the processes. It will also assess the current status of each refinery and recommend measures to ensure future efficiency and accountability.
Deputy Speaker Benjamin Kalu, who presided over the session, directed the committee to submit an interim report within two weeks for further legislative action.
Lawmakers from both the majority and minority parties supported the motion, emphasizing that Nigerians deserve answers after years of failed promises. Some, however, cautioned against duplicating previous probes, urging that this inquiry must lead to concrete outcomes and sanctions where necessary.
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The development comes amid growing public frustration over rising fuel prices and continued dependence on imported petroleum products, even after the removal of fuel subsidy by the Tinubu administration.
Analysts say the House’s action could test the government’s commitment to transparency in the oil sector and determine whether Nigeria will finally end its cycle of refinery failures.
If successfully executed, the probe could also provide insight into the recurring inefficiencies that have plagued the Nigerian National Petroleum Company Limited (NNPCL) and its management of public resources.
For now, Nigerians are watching closely, hopeful that this latest legislative move will uncover the truth behind one of the country’s longest-running financial controversies.