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Earlier this month, the Nigerian Government reportedly approved $1.5bn in funding to repair the Port Harcourt refinery, which had closed down two years ago. Of course, the news was met with some negative reactions from Nigerians. Their sentiment might come from a point of mistrust that the project might be a conduit pipe for corruption. Or perhaps poor management would eventually kill the project, taking Milton Friedman’s “If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand” quote into perspective. However, skepticism and sentiments aside, the economics in funding a refinery repair for $1.5 billion can be debated.

France generalTimipre sylvaJustice derefakaInternational gas unionInternational energy forumInternational energy agencyMinisterial gas forumNigeria international petroleum summitPetroleum industryNigerian gas flare commercialisation programmeWorld bank global gas flaring reduction partnershipFederal governmentChief timipre sylvaJoint international energy forumNationally determined contributionsParis agreement