Posted on: July 28th, 2014 by Administrator No Comments

A group known as #BringBackOurRefineries has called for the immediate restructuring of Nigeria’s refineries to function at a minimum of 70 percent of their installed capacity before their privatisation.
The group has also accused the Minister of Petroleum Resources, Diezani Alison-Madueke and her management team of deliberately refusing to repair the refineries in a bid to sell them off as scraps.

Addressing newsmen in Abuja on Wednesday, the convener of the group, Solomon Ben Olonade, argued that fixing the refineries would not only allow for different bidders, but create massive employment for the country’s teeming youths, as well as generate revenue for the nation.
“#BringBackOurRefineries is borne out of deep concerns that while Nigerian refineries have virtually become comatose, the body language of the Ministry of Petroleum Resources and the NNPC shows resolute intent on the translation of Nigeria’s refineries from public to private ownership,” Olonade said

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