The Minister of State for Petroleum Resources, Timipre Sylva, on Thursday, explained why the Federal Government is working hard to rehabilitate the country’s refineries.
Sylva, who featured in a Channels Television programme, Politics Today, said the federal government is not in the best position to manage the refineries.
He, however, assured Nigerians that President Muhammadu Buhari’s administration would hand over the refineries to professional managers.
The minister’s statement came just 24 hours after the federal government approved contracts worth $1.4 billion for the rehabilitation of the Warri and Kaduna refineries.
He said: “I will agree with you that government is not the best manager of refineries and that is why this time, we are actually going to have professional managers to manage the refineries. We are not going to manage the refineries at all.”
Sylva dismissed claims that the government planned to sell the refineries in their present state.
He added: “We believe that we should get the refineries back to life before we decide on the option of whether we are going to privatise or sell all the refineries.
“If we try to sell the refineries which you call dead refineries, you will be the one first person to say we are selling dead refineries to people.
.“We want to sell live refineries; refineries that are working and I think that is the fairest thing for the government to do. This is why we have decided to get all our refineries working. We want to prove to you that we can get these refineries working.”
Join the conversation
SPECIAL REPORT: Displaced residents of Zamfara battle hunger, as underfunding derails Nigeria’s nutrition goals
On paper, Muhammad Zayyanu is seven years old. The quiet boy who looks shorter for his age could not recollect...
INVESTIGATION: N7.3bn paid for unnamed projects; how Nigerian govt spent N2.2trn in six months
Analysing nearly 3,000 payments made by various Federal Government Ministries, Departments and Agencies (MDAs) over the previous six months (January...
INVESTIGATION… Delay rocks Nigerian govt’s promise of N30,000 covid-19 relief for artisans, others
Before the outbreak of the COVID-19 pandemic in February, 2020, Chukwudi Okoroigwe’s daily earnings as a bus driver was hardly enough to cater to the...
INVESTIGATION… Ten years after, communities count losses as AfDB, Cross River govt abandon road project
Ten years after the Cross River State government and African Development Bank (AFDB) jointly awarded the Yahe-Wanokom-Wanikade-Benue border road for...
INVESTIGATION….N.3bn down the drain: Why water projects for Enugu communities don’t work
In this concluding part, ARINZE CHIJIOKE talks about some of the projects that are serving the people and how various WASH programmes have failed to tackle...