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Home»News»Nigerians criticise NNPC’s N910 petrol price cut, call it inadequate
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Nigerians criticise NNPC’s N910 petrol price cut, call it inadequate

AdeboyeBy AdeboyeNo CommentsJuly 24, 20252 Mins Read
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The Nigerian National Petroleum Company Limited (NNPC Ltd) has come under heavy criticism from Nigerians following its announcement of a reduction in the pump price of petrol to ₦910 per litre, a move many describe as insufficient amid worsening economic conditions.

The backlash came shortly after the release of NNPC’s 100-day performance report highlighting the achievements of its Group Chief Executive Officer, Engr. Bashir Bayo Ojulari.

As reported by Vanguard, while the company praised its own progress, many Nigerians dismissed the celebration as tone-deaf and out of touch with realities on the ground.

On X (formerly Twitter), users took to the platform to express frustration, accusing NNPC of prioritising public relations over meaningful reforms.

The hashtag #NNPC100Days trended briefly, as critics pointed to persistent fuel scarcity, high petrol prices, and a lack of financial transparency within the organisation.

In its July 23 statement, NNPC listed Ojulari’s accomplishments, including refinery assessments, collaboration with the Dangote Refinery, and ambitions to make Africa self-sufficient in petroleum refining.

The company also outlined targets such as ramping up daily oil production to two million barrels by 2027 and attracting $30 billion in investment by 2030.

But many Nigerians remain sceptical.

“NNPC is celebrating 100 days with a glossy report, but Nigerians are still buying petrol at ₦910 per litre.

Refineries are dormant, and we’re still importing fuel. This is public relations, not real progress,” wrote @EnergyWatchNG.

Some also raised questions about transparency and accountability.

“While NNPC touts its milestones, the Senate is investigating ₦210 trillion in unaccounted funds.

How can you celebrate when there’s no explanation for missing money?” tweeted @LagosAnalyst.

The status of Nigeria’s refineries was another major source of concern.

“NNPC’s claims on refinery rehabilitation don’t match reality.

Warri Refinery has been idle since January, and Port Harcourt is running below 40% capacity. Billions have been spent, but there’s little to show,” posted @Karl.

Others criticised the lack of measurable outcomes in NNPC’s report.

“These are vague goals dressed in corporate language. No clear KPIs, no verified achievements. This isn’t a success report—it’s a wish list,” commented @Director_Ohi.

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