Home Business No finance to revamp refineries as planned – Kachikwu
No finance to revamp refineries as planned – Kachikwu
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No finance to revamp refineries as planned – Kachikwu

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Image result for Nigerian refineries

The Federal Government has neither concessioned nor disposed any of the country’s refineries for any  business
concern, the  Minister of State for Petroleum, Emmanuel Ibe Kachikwu has said.

Kachikwu added that so far, no financiers have been selected to revamp the refineries as planned.

Although efforts are geared towards revamping the existing refineries, the massive importation of petroleum products has cost the country trillions of Naira over the past few years.

If revamped, this would save the country’s huge foreign exchange and trillions spent on fuel imports.

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