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Nigerian govt’s approval of $1.5bn for rehabilitation of refinery a huge waste – Ex-gov Obi

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The former Anambra State Governor, Peter Obi, on Friday questioned the approval of $1.5 billion for the renovation of the Port Harcourt refinery by the Federal Government.

The ex-governor, who spoke on the development on his Twitter handle, said the approval of such a huge sum for the renovation of the refinery was a huge waste considering the country’s present economic situation.

He accused Nigerian leaders of worsening the country’s situation with their financial rascality.

Obi wrote: “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.

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“Our country on life support, but sadly the managers of our affairs are worsening the situation by their financial rascality.”

The Federal Executive Council on Wednesday approved the release of $1.5 billion for rehabilitation of the Port Harcourt refinery.

The repair works will be undertaken in three phases.

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