Nigeria’s Acting President, Yemi Osinbajo, has seemingly settled all controversies around the fate of the countries refineries.

The acting president on Wednesday declared that the federal government has no plans to concession or sell any of the refineries.

There have been issues around whether, and how the government plans to concession the refineries, after the minister of state for petroleum, Ibe Kachikwu gave indications to that effect.

Not long after, the Chief Executive Officer (CEO) of Oando Plc, Mr. Wale Tinubu, had disclosed that his firm, along with Nigeria Agip Oil had been selected to take over the Port Harcourt refinery, thus raising questions about the transparency of the selection process and the overall transaction.

Confusion soon followed the reported concession of the Port Harcourt refinery as the Presidency denied knowledge of such a process.

Full details: https://www.ripplesnigeria.com/osinbajo-clears-controversies-outlines-fgs-plans-refineries/