✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Atedo Peterside urges FG to halt $1.5bn Port Harcourt refinery repair

A businessman and founder of Stanbic IBTC Bank PLC, Mr Atedo Peterside, has urged the federal government to halt the $1.5 billion Port Harcourt refinery repair.

In a Twitter post, the business mogul, described it as a brazen expensive adventure.

“The federal government should halt $1.5bn approval for the repair of Port Harcourt refinery and subject this brazen and expensive adventure to an informed national debate.”

SPONSOR AD

The President and Founder, Anap Foundation, and Co-Chair, Agenda 2050 Steering Committee, also said the advice by experts that the refinery should be sold should be considered by the government.

“Many experts prefer that this refinery is sold…by the Bureau of Public Enterprises (BPE) to core-investors with proven capacity to repair it with their own funds.”

Daily Trust reports that a former Vice President, Abubakar Atiku, last week queried the $1.5bn approved for fixing the refinery, saying it should be probed.

He also suggested that the refinery should be privatised while the approved fund channelled for job creation.

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.

NEWS UPDATE: Nigerians have been finally approved to earn Dollars from home, acquire premium domains for as low as $1500, profit as much as $22,000 (₦37million+).


Click here to start.