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No plan by federal government to sell off any of the refineries

Wpid Port Harcourt Refinery
No Plan By Federal Government To Sell Off Any Of The Refineries

There is no Presidential approval for the sale of the refineries owned by the Federal Government, Presidential Spokesperson, Rueben Abati said on Thursday.

He also noted that there was no plan by the federal government to sell off any of the refineries owned by the country.

The Minister of Petroleum Resources, Deziani Allison Maduekwe had while speaking in an interview with Bloomberg TV Africa in London hinted that the refineries may be sold.

Following this the Nigeria Union of Petroleum and Natural Gas workers (NUPENG) had started planning on embarking on a strike action to protest the planned sale of the refineries.

However in an interview with journalists at the Presidential Villa, Abuja, Special Adviser to the President on Media and Publicity, Dr Reuben Abati, said if the alleged plan to sell the country’s refineries was the basis on which NUPENG plans to go on strike, then there will be no dialogue by the federal government as it had no such plans.

Abati in a position which contrasted that of the petroleum resources minister, said “Government is not going to sell any refineries. There is no such plans and there is no presidential approval for such. No body, not even the  minister of petroleum have powers to sell any government property” .

He added that if the proposed strike by oil workers was founded on the allegations that government plans to sell refineries, then they should sheath their sword.

It can be recalled that a presidential audit of the country’s refineries led by a former Minister of Finance, Kalu Idika Kalu, had recommended the sale of the refineries due to inadequate funding by government and ?sub-optimal performance.?

The four refineries, located in Warri, Kaduna and Port harcourt have a combined capacity of 445,000 bpd.

Former President Olusegun Obasanjo had tried to sell off the Kaduna and Warri refineries, but the sale had been reversed by the government of late Umaru Musa Yar’Adua.

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