Waste of resources – Edafe rubbishes NNPCL partnership to restart Nigerian refineries

A nationalist affairs expert and transparency advocate, Oghenetega Edafe, has rubbished the caller Nigerian National Petroleum Company Limited concern with Chinese firms to restart the country’s Port Harcourt and Warri refineries.

He made his disapproval known successful a connection connected Wednesday.

Recall that NNPCL reignited the anticipation of Nigerian refineries restarting with a Memorandum of Understanding precocious signed with Chinese firms.

The determination had attracted applause from petroleum merchandise marketers and retailers, hinting that if the MoU is implemented, retail prices of substance whitethorn drop.

However, Edale said the concern is different circular of authoritative discarded of resources aft the refineries had gulped $1 cardinal connected rehabilitation successful the past 2 decades.

According to Edafe, the improvement raised superior questions astir fiscal discipline, argumentation coherence, and the lack of accountability for erstwhile i...