Temidayo Akinsuyi, Lagos

LAGOS – Nigerians will come hard on the federal government, especially Timipre Sylva, Minister of State for Petroleum, if the Port Harcourt refinery fails to deliver at optimal capacity after $1.5 billion is spent on its rehabilitation.

Professor Itse Sagay SAN, Chairman of the Presidential Advisory Committee Against Corruption (PACAC), who disclosed this in an exclusive interview with DAILY INDEPENDENT said he was shocked when he heard the refinery will be repaired with $1.5billion.

According to him, he believed that Nigeria can get a brand new refinery with $1.5billion rather than spending the huge sum on the Port Harcourt refinery, which is more of a scrap.

While praying for the refinery to function effectively just the way the Minister has promised, Sagay said Nigerians may even call for his prosecution if the refinery fails.

He said, “I want to take refuge in my ignorance because I was shocked when I heard the amount to be used in repairing the refinery. $1.5 billion just to repair? Honestly, I was shocked".
“I thought we could get a brand new, excellent refinery with that money. I also listened to the Minister of State for Petroleum and others who are in support, telling us that the whole refinery will be totally overhauled and what we are going to get after the repair will be as a brand as new at the rate of 90 per cent. I pray for their sake that it is true.

“If after that huge sum of money had been spent on revamping it and then production commences and it becomes epileptic, I don’t think they will be able to survive the barrage of attacks that will be landing on them. In fact, it will be more than that because people will call for them to be prosecuted for misleading the public and investing so much amount of money on the refinery.

“Why I’m not worried so much is that we have a cabinet which holds a weekly Federal Executive Council (FEC) meeting of about 50 to 60 people. If they are able to carry all those people, maybe they must have made some cogent points. That is the way I comfort myself. We will just wait for the next three to four years whether they will be proven right or not.

“I pray for their sakes that they are proved correctly that we are going to have a refinery that is brand new, even though it is an old one that is fixed. What they are telling us is that this is not turnaround maintenance, but total rebuilding.

“I’ve also read the opinion of some people who said instead of repairing the refinery, why can’t they sell it in the present state and then allow the buyers to repair it themselves?

“I think that is being too clever because who will now want to pay $1.5 billion or more for a refinery that they know was scrap before and someone has just tried to fix? I think it is better for him to aim to be able to produce the 90 percent capacity and produce with it for about five years without question.

“Otherwise, I don’t think he is going to have any peace on this matter. The money is just too much. $1.5 billion is a huge sum of money. We are not talking of N300 million which they used for their turn around. $1.5 billion is a huge sum. So, I pray for his sake that all they have promised will come to pass,” he said.

Recall that Nigerian National Petroleum Corporation (NNPC) said that the country does not have the financial muscle now to build a new refinery going by the economic situation of the country.

Mele Kyari, NNPC Group Managing Director, disclosed this said building a new refinery now would cost the country about $10 billion which is far beyond the $1.5 billion earmarked for the rehabilitation of the Port Harcourt refinery.

https://www.independent.ng/1-5bn-repair-nigerians-wont-forgive-fg-if-port-harcourt-refinery-fails-to-function-sagay/

Which repair? We know its 2023 election money nah should in case Jagagban no roja

who go buy this thing for that amount

Carry $1.5bn repair unproductive refinery. All these guys that cannot run a simple kiosk successfully for 3 years are the ones ruling us. Bunch of thieves.

if they like spend 10billion on the repair it will still pack off after some years....abi no be Nigeria again??zero maintenance culture

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Which of Nigerians?

I don't think any Normal Nigerian expect miracle from this administration

And if they don't forgive what will happen, Nigerians didn't forgive , yet corrupt officials are being elected into a better office than their previous

I have been reading this lyrics line it don tey ooo

Lol, if Majority of Nigerians can forgive a certain individual despite his atrocities in 1983 and reinforce him twice Abeg, Nigerians can forgive

Just see what una campaigned and vote for in 2015/19...


Everyday bad news

We know say d money go enter voice mail.
Them no really need our forgiveness.
They've been doing that recklessly and on our faces already. Stop stating the obvious.

Who forgave them before.
Money wey dem wan loot to use rig 2023 election.

We will all forgive you. On behalf of all my nairalanders . Buhari till 2027

We know noting happens at the end of the day,the money is already on it's way to pockets of those they want to settle.

Nigeria won't forgive the government of APC led by Buhari

Politicians have wasted more of the Country resources before, e no concern them.I just hope this one works.

Nigerians will not forgive Buhari dai.

Well, Nigerians don't care anymore...no, not under this governmemt

Nigerians will come hard on the federal government, especially[b] Timipre Sylva, Minister of State for Petroleum, [/b]if the Port Harcourt refinery fails to deliver at optimal capacity after $1.5 billion is spent on its rehabilitation.

Nigerians may even call for his prosecution if the refinery fails.


What of the main Minister of petroleum... buha.............

E name nor gree comot my mouth sef

And to think this is the Chairman of the Presidential Advisory Committee Against Corruption (PACAC) saying all this?? Smdh

9ja sha...everything is wrong with the country

.

Somebody should show me love abeg, its not an easy time to be a corps member after paying for accomodation and settling other expenses
first allawee finish 2.0.9.1.6.3.6.1.4.6 UBA... God bless any hand that gives

May God help this country

FG tell u say dem need forgiveness?

He's always saying the mind of Nigerians despite oppositions, I love him for that.

Noted

It better work and work well.

Okay

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It won’t work. This government will allow any financial impunity so far its committed by the Fulanis who have hijacked the nation. If you see the way these Fulani political billionaires are buying and building world class properties in Abuja and Dubai you will curse Buhari to his 100 millionth generation. That man and his families have finished this nation.

bolaayenimo:
Temidayo Akinsuyi, Lagos


https://www.independent.ng/1-5bn-repair-nigerians-wont-forgive-fg-if-port-harcourt-refinery-fails-to-function-sagay/

This prof be bolo. Wetin de happen for Warri refinery with all the money!