Rédaction Africa Links 24 with Nwafor
Published on 2026-02-08 17:43:28
ABUJA — Former Vice President Atiku Abubakar has said the Nigerian National Petroleum Company Limited’s (NNPCL) admission that reopening the Port Harcourt Refinery is a waste of scarce resources validates his long-standing position that Nigeria’s refineries should be privatised.
Atiku made the assertion in a statement posted on his Facebook page on Sunday, reacting to reports that the refinery had gulped about $1.5 billion without producing petrol.
According to him, the Tinubu administration’s acknowledgment marks a belated acceptance of an economic reality he had consistently highlighted over the years — that continued public funding of moribund refineries is economically indefensible.
“It is…
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