PENGASSAN Warns Against Full Sale of Refineries, Cites Energy Security Risks
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised serious concerns over the Federal Government’s plan to dispose of its entire equity in Nigeria’s state-owned refineries, cautioning that a total sale would undermine the country’s energy security and expose it to supply risks. Speaking on Sunday Politics, PENGASSAN President, Festus Osifo, […]
Dangote Criticises Nigeria’s Oil Sector, Says Refineries Unsellable
Africa’s wealthiest individual and Chairman of the Dangote Group, Aliko Dangote, has expressed strong doubts about the viability of Nigeria’s refining sector, stating that the country’s current business climate is discouraging enough to scare off any serious investor. Speaking at a media briefing in Lagos on Sunday, Dangote argued that Nigeria’s downstream oil industry is […]