x

Using $1.5bn to renovate Port Harcourt refinery is a huge waste – Peter Obi blasts FG

A former Governor of Anambra State, Peter Obi, has slammed the Federal Government of Nigeria for approving $1.5 billion to renovate the Port Harcourt refinery.

Obi, in a tweet via his Twitter handle on Friday, said it was a ‘huge waste,’ for the present administration to renovate the Port Harcourt refinery with such an amount of money.

According to him, the Federal Government, which is supposed to manage the affairs of the country, is worsening the situation by their financial rascality.

He tweeted, “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.

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

Recall that the Federal Executive Council (FEC) on Wednesday approved 1.5 billion dollars for the rehabilitation of the Port Harcourt Refinery in Rivers State.

Minister of State for Petroleum Resources, Timipre Sylva, made the disclosure while briefing State House correspondents on the outcome of the Council meeting held at the Presidential Villa, Abuja.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalistAs...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

JUST IN: White Smoke Signals Election of New Pope at the Vatican

White smoke rose from the chimney of the Sistine...

JUST IN: President Tinubu Honoured with Chieftaincy Title in Anambra

President Bola Ahmed Tinubu has been bestowed with the...

How arrest of celebrity influencer becomes image albatross to GTBank

On May 2, 2025, social media in Nigeria was...

Nigeria, Gambia Renew Commitment To Foster Ties on TourismBy Joyce Remi-Babayeju

The Nigerian Tourism Development Authority (NTDA), and the Republic...

MDCAN Vows To Address Pay Disparity In Federal, State Owned Health Institutions 

By Israel Adamu, Jos The Medical and Dental Consultants Association...

Prosperity Cup 2025: Adaka FC Emerge Kolga LGA Champions

Amgbare Ekaunkumo, YenagoaAdaka FC Football Club of Kaiama have...

Edo governor plays host to Delta Speaker, members in Benin

By Anne Azuka Governor Monday Okpebholo of Edo State has ...
spot_img

Related Articles

Popular Categories

spot_imgspot_img