Are you looking for Scholarships
In Nigeria and Abroad? You can find dozens here, for Masters, PHD and Undergraduate.

Refineries Won’t Work Despite FG’s Spending – Marketers

Oil marketers on Thursday declared that Nigeria’s refineries would not work as expected despite the billions of dollars being spent by the Federal Government on rehabilitating the facilities.

According to the Major Oil Marketers Association of Nigeria, a body consisting of big players in the oil and gas sector, the billions of dollars pumped into the rehabilitation of refineries by the government are just being wasted.

The body also announced that the Asset Management Corporation of Nigeria and Deposit Money Banks had seized more than 15 tank farms belonging to oil marketers due to the inability of the dealers to pay back the loans they collected from banks.

Speaking on behalf of MOMAN during a live television programme monitored by our correspondent in Abuja, the association’s Executive Secretary, Obafemi Olawore, said Nigerian refineries would not work until they were privatised.

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us
Call +234 813 069 1462