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Nigeria

Port Harcourt Refinery Will Work Within 18 Months  – FG

  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

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We Won’t Borrow All $1.5bn To Rehabilitate Port Harcourt Refinery, FG Tells Nigerians

  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

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News

$1.5bn for Port Harcourt refinery repairs a waste, says Peter Obi

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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$1.5bn to renovate Port Harcourt refinery suspicious —Atiku

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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Business

Experts carpet FG over N568.5bn vote to repair loss-making PH refinery

• 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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FG’s move to rehabilitate Port Harcourt refinery one of APC empty promises, says Wike

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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Breaking: FG approves $1.5bn for rehabilitation of Port Harcourt refinery

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.

The post Breaking: FG approves $1.5bn for rehabilitation of Port Harcourt refinery appeared first on Vanguard News.

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