Obasanjo: Only Private Sector Can Rescue Nigeria’s Refineries

Former President Olusegun Obasanjo says Nigeria’s refineries will never work under full government control. He made the comment during a recent TV interview. Obasanjo highlighted the success of public-private partnerships in projects like NLNG, the railways, and the national shipping line. He urged that private operators be brought in to run Port Harcourt, Warri, and Kaduna refineries. He recalled inviting Shell to take a 10% equity stake or simply manage the refineries. According to Obasanjo, Shell declined both offers, underscoring his belief that government alone cannot keep these facilities operating effectively.

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