Former Vice President Atiku Abubakar has said the Nigerian National Petroleum Company Limited (NNPCL)’s admission that the $1.5 billion rehabilitation of the Port Harcourt Refinery yielded no value amounts to a validation of his long-standing call for the privatisation of Nigeria’s state-owned refineries.
Atiku, in a reaction to the development, argued that the outcome of the refinery project once again exposes what he described as systemic inefficiency and mismanagement in government-run enterprises.
According to him, the huge sum spent on the Port Harcourt Refinery, without commensurate results, underscores the need for Nigeria to end state control of refineries and allow private sector participation to drive efficiency, transparency, and profitability.
The former vice president has consistently maintained that repeated turnaround maintenance projects on government-owned Get The Full, Details. .
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
