Nigeria sets to sell refineries next year


Jonathan-and-DiezaniLondon – The federal government has said the nation’s four refineries will be available for privatisation before the end of the first quarter of 2014.

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Petroleum Minister, Diezani Alison-Madueke, noted that the government will like to see key infrastructural entities such as refineries moving out of government hands into the private sector, reports Bloomberg TV.

The minister, who spoke in London, said government does not want to be in the business of running key infrastructure entities.

She noted that the government has been consistent in its policy to open up the economy and create an enabling environment for the private sector to thrive.

She revealed that the refineries are currently undergoing turn around maintenance.

The country has four refineries – Port Harcourt Refining Company I and II, Kaduna Refining and Petrochemical Company and Warri Refining and Petrochemical Company Limited.

Read more on Bloomberg TV.

Babatunde Akinsola
Babatunde Akinsola
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

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