1 month ago
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The Senate has raised concerns implicit 1.5 cardinal dollars approved successful 2021 for the turn-around attraction of the Port Harcourt Refinery with small oregon nary result.
Senator Opeyemi Bamidele, Chairman of the Senate Ad Hoc Committee to Investigate the Alleged Economic Sabotage successful the Nigerian Petroleum Industry, raised the interest during an interactive league with stakeholders connected Wednesday, successful Abuja.
Bamidele, who is besides the Senate Leader, said it was unfair and incorrect to dainty nationalist companies shabbily portion backstage businesses were flourishing and thriving.
He recalled that the Federal Executive Council (FEC) had approved the program by the Ministry of Petroleum Resources to rehabilitate and crook astir the Port Harcourt Refinery with 1.5 cardinal dollars.
Bamidele expressed concerns astir the dysfunctional authorities of government-owned refineries contempt billions of dollars spent connected turn-around maintenance.
“The federation is undergoing a genuinely challenging period. The organisation and proviso of refined petroleum products person been irregular and problematic successful the caller past of our fatherland.
“The agelong queues astatine filling stations are evidently a testament to this challenge.
“A concern whereby we present beryllium astir wholly connected the importation of these products adjacent erstwhile we regular proviso the planetary lipid marketplace astir 2 per cent of its crude lipid requirements is worrisome,” helium said.
He said besides of superior interest was the importation of hazardous petroleum products and dumping of substandard diesel into the country.
Under antithetic administrations since 1999, Bamidele observed that the national authorities “has invested billions of dollars to support and crook astir the state-owned refineries successful Kaduna, Port Harcourt and Warri. But the refineries are not functioning.
Nigerian Senate probes $1.5bn spent connected Port Harcourt Refinery rehabilitation
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