Wasteful: Peter Obi slams $1.5b cost for Port Harcourt refinery repairs

Peter Obi on Port Harcourt refinery
Peter Obi on Port Harcourt refinery
Peter Obi on Port Harcourt refinery
Peter Obi on Port Harcourt refinery

By Muhaimin Olowoporoku

Former governor of Anambra, Peter Obi has faulted the approval of $1.5 billion by the Federal Government for the renovation of the Port Harcourt refinery.

Peter Obi on Friday described the approval as worrisome to well-meaning Nigerians. According to Obi, approving such an amount for refinery repairs in light of Nigeria’s economic situation is a huge waste.

The Vice-Presidential candidate of the Peoples Democratic Party, PDP accused the leaders of worsening the country’s situation by their financial rascality.

Obi in a Twitter post said: “The news of the planned expenditure of a whopping $1.5 billion for Port Harcourt refinery repairs is worrisome to well-meaning Nigerians.

“In light of our precarious economic situation, it is a huge waste.

The Federal Executive Council on Wednesday approved the plan by the Ministry of Petroleum Resources to rehabilitate the 32 year-old Port Harcourt Refinery with $1.5billion.

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