NNPC TURNED DOWN DANGOTE’S $750M TO MANAGE NIGERIA’S REFINERIES – OBASANJO

Oladipupo Olamiposi
@olamiposioladipupo247606
15 days ago

Former President Olusegun Obasanjo has revealed new details about Nigeria’s refinery woes, recounting failed efforts to privatise the country’s refineries and the subsequent financial losses under government management.

In an exclusive interview today, Obasanjo discussed the Port Harcourt, Warri, and Kaduna refineries during his presidency, explaining how he sought external help to rehabilitate and manage the facilities and faced resistance.

Obasanjo disclosed that after the refusal of a leading oil company in Nigeria, Aliko Dangote, assembled a team and paid $750 million to operate the refineries through a public-private partnership.

He expressed confidence in Dangote’s ability to manage his privately owned refinery effectively, contrasting it with the government’s inefficiency.



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