iwaeda:


https://punchng.com/breaking-fg-approves-1-5bn-for-rehabilitation-of-port-harcourt-refinery/

Subsidybad21:


Yes, but not a refinery as big as the Port Harcourt refinery or the Dangote Refinery (the latter cost nearly 10 billion dollars initially)

Standing5:
Add 500 km pipeline and a fertilizer plant to the latter.

Yankee101:
All that money, most of it, down the drain

1.5bn usd can build a new modular refinery

We need to uproot Nigeria's value system

Standing5:
Can't that amount build a refinery on its own?

Standing5:
Can't that amount build a refinery on its own?

uptimum123:


I disagree

A plan has been laid out to make it work, this also includes inviting the people/company whoi built them in the first place.

With great effort and determination we can make it work. This government has shown in the past what it takes to make things work

Kingrefreshed:


As usual the money will disappear!

jamace:
Sooner than later, a true leader will rise out of Nigeria. All those who have looted Nigerian resources shall face firing squad without option.

Standing5:
Can't that amount build a refinery on its own?

Subsidybad21:


And you could be the true leader we all are waiting for too....

Subsidybad21:


It could, but at least it is good to get the old refinery working again...so that it is not dead wood on our hands.

Subsidybad21:


With the plan to deregulate (hopefully they are telling the truth this time)....it would incentivize spending on the refinery since deregulation means fuel would be earning enough of a profit for the refinery to work.

Then we waste billions of dollars importing fuel. A working Port refinery=saved billions in dollars that won't go on importing fuel...plus we could be exporting fuel from there too.