Former President Olusegun Obasanjo says those profiting from the lucrative industry of fuel importation will take steps to sabotage the Dangote Petroleum Refinery.
a recent interview with the Financial Times , Obasanjo spoke about his efforts to get Shell to invest in Nigeria’s refineries.had accusedEdwin said the IOCs were deliberately frustrating the refinery’s efforts to buy local crude by jerking up crude oil prices above the market price, thereby forcing it to import crude from the United States and Brazil.
“If those who are selling or supplying refined products for Nigeria feel that they will lose the lucrative opportunity, they will also make every effort to get him frustrated.”Obasanjo said the running of state-owned refineries is shrouded in “corruption”. “We have brought amateurs rather than bringing professionals. They said there’s too much corruption with the way our refinery is run and maintained. And they didn’t want to get involved in such a mess.”On the promises that the refineries will be fixed, he asked, “how many times have they told us that? And at what price?”
The state-owned refineries have missed its deadline for completion of rehabilitation work several times.
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