Buhari Govt should privatize govt-owned refineries – BudgIT

By
Headliners
-
0
205


…deregulate the Petroleum Downstream Sector

BudgIT has called on President Buhari to privatize all government-owned refineries while also fully deregulate the petroleum downstream sector.

Port Harcourt refinery Buhari Govt should privatize govt-owned refineries – BudgIT
A picture taken on September 16, 2015 shows workers trying to tie a pipe of the first refinery in Nigeria, which was built in 1965 in oil rich Port Harcourt, Rivers State. The Port Harcourt refinery is Nigeria’s oldest, built in 1965, nine years after crude was first found under the marshy soil and creeks of the delta, where the Niger river meanders to the Gulf of Guinea. Refineries in nearby Warri and Kaduna in the north central region were built in the years that followed, while a new plant was added to the same site in Port Harcourt in 1989. In recent years, however, it became a byword for corruption, a murky, state-run body where billions of dollars in revenue apparently disappeared. AFP PHOTO

According to the findings of our new policy brief “Inside Nigeria’s Local Refineries”…



Vanguard Newspaper

RELATED ARTICLESMORE FROM AUTHOR