With the paucity of funds the government faces, the spending of $1.5 billion on a refinery should be at the back burner.
Deciding to spend $1.5 billion to rehabilitate a refinery that has sunk so much is definitely a miss for the government.
The NNPC has defended FG's decision to expend the huge sum of $1.5 billion in rehabilitating the Port Harcourt refinery.
The FG has disclosed how it intends to raise the $1.5 billion for the rehabilitation of the Port Harcourt refinery.
Sylva has stated that Nigerians can hold him accountable for every cent spent in rehabilitating the Port Harcourt refinery.
Mr Peterside has joined many Nigerians calling on the FG to privatise the refineries and avoid years of losses from them.
The FEC has approved the sum of $1.5 billion for the immediate rehabilitation of the Port Harcourt refinery.
NNPC is set to commence the second phase of the rehabilitation of the Port-Harcourt Refinery in the first quarter of 2021.