'Nigeria spending $1.5bn on refineries that won't work'

Mr Segun Sanni, the Chief Economist of Afenifere, the pan Yoruba socio-political organisation, said the $1.5 billion being expended on the Port Harcourt refineries by the federal government will be a waste of funds. The Federal Executive Council (FEC) approved $1.5bn (about N600 billion) for the rehabilitation of the Port Harcourt refineries in March 2021. […]

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