The Federal Government has reiterated its commitment to completing the rehabilitation of the Port Harcourt Refinery, saying it would be functional within 18 months. “Port Harcourt Refinery will work, and certainly within the next 18 months,” the Minister of State for Petroleum, Timipre Sylva said in an interview aired on Channels Television’s Sunday Politics. … Continue reading Port Harcourt Refinery Will Work Within 18 Months – FG Read Full Story
The Federal Government says the rehabilitation of the Port-Harcourt refinery in Rivers State will not significantly add to the nation’s burden. A total of $1.5 billion has been proposed by the government to fund the project – a decision that has sparked controversy and debates in various parts of the country. In what seems … Continue reading We Won’t Borrow All $1.5bn To Rehabilitate Port Harcourt Refinery, FG Tells Nigerians Read Full Story
Leading banker and outspoken campaigner, Atedo Peterside, has asked the federal government to halt the outrageous plan to spend $1.5bn to repair the Port Harcourt refinery. In a tweet, Atedo said “FG should halt $1.5bn approval for repair of Port Harcourt refinery and subject this brazen & expensive adventure to an informed national debate. “Many […] Read Full Story
The Former Governor of Anambra State, Peter Obi, has faulted the approval of $1.5 billion by the Federal Government for the renovation of the Port Harcourt refinery. According to Obi, approving such an amount for refinery repairs in light of Nigeria’s economic situation is a huge waste. He accused the leaders of worsening the country’s...
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Nigeria has awarded the contract to rehabilitate the Port Harcourt Refineries at the cost of $1.5 billion to subsidiaries of Italian multinational, Maire Tecnimont SPA, a leading EEPC company in the world – Tecnimont S.p.A. and Tecnimont Nigeria Ltd. The contract is for the “Phase 1 Rehabilitation Project” by Nigerian National Petroleum Company (NNPC), which […] Read Full Story
Former Vice President, Atiku Abubakar, has faulted the Federal Government’s approval of $1.5 billion for the renovation of the Port Harcourt refinery. According to him, budgeting the amount for the renovation of a refinery at a critical period of increased unemployment and inflation “would appear to be an unwise use of scarce funds.” He said...
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• Project wasteful, senseless, govt beating dead horse, say economists • NUPENG, union commend government, seek private sector participation The Federal Executive Council on Wednesday approved the plan by the Ministry of Petroleum Resources to rehabilitate the Port Harcourt Refinery with $1.5bn. The decision was taken at the weekly meeting of the council presided over...
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Rivers State Governor, Nyesom Wike, says the move by the Federal Government to rehabilitate the Port Harcourt Refinery is one of the empty promises of the All Progressives Congress government. He stated this on Wednesday while featuring on Channels Television’s ‘Politics Today’ programme monitored by The PUNCH. READ ALSO: FG approves $1.5bn for rehabilitation of...
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A year after shutting down all of its dilapidated refineries to figure out how to fix them, the Federal Government of Nigeria has approved $1.5 billion for the rehabilitation of Port Harcourt Refinery in Rivers State. At the 38th virtual Federal Executive Council meeting presided over by President Muhammadu Buhari in Abuja on Wednesday, Timipre […] Read Full Story
THE Federal Government has approved the sum of $1.5bn for the rehabilitation of the Port Harcourt Refinery. The Minister of State for Petroleum Resources, Timipre Sylva, stated this while briefing newsmen at the end of the Federal Executive Council, FEC, meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja, on Thursday.
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Dennis Naku, Port Harcourt The National Assembly has said moves are on to ensure the passage of the Petroleum Industry Bill before the end of April, 2021. The National Assembly ad-hoc Committee on PIB disclosed this during an inspection tour of the Port Harcourt Refining Company in Eleme, Rivers State. The Chairman of the House […] Read Full Story