Govt has no business running refineries, says Osinbajo

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The Vice President, Prof. Yemi Osinbajo, has said the problems associated with Nigeria’s refineries will persist if the Federal Government continues to own and run them.

Osinbajo said this at a virtual meeting organised for the All Progressives Congress social media bloggers and influencers at the APC National Secretariat, in Abuja, Monday.

He said “If the refinery is left in the hands of the government, it will continue to experience the same problem it is experiencing now. I do not think that it is the business of the government to run the refinery. It should be the business of the private sector, which is why we are trying to focus on assisting the private sector to develop modular refineries.

“There is a 100,000-barrel capacity refinery about to come on stream and we hope it will by the next year. It is completely private and closely located near the Port Harcourt refinery so that it can share the facilities of the Port Harcourt refinery. We are hopeful it will come on stream in the first quarter of next year.

“There are also six modular refineries that are almost ready. There is Niger Delta Petroleum refinery in Delta state, there is another one in Imo, there is also another modular refinery in Edo State. “The whole idea is to support as many private refineries as possible. We are also waiting for the Dangote Refinery with 250,000 barrels capacity which is bigger than all of the government refineries put together.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

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When Atiku said it you guys jumped on him like birds picking on fruits from a tree

What nonsense are you saying? But your oga is in charge of the money, so you mean you can spend the money but you can't be involved in refineries now wow oooo.

Yorubas say they want you to become their president come 2023, my with what I see in you, Omo you no reach self, good luck will be 100% better than you and tinubu

.....and defended their stance with a chest high...they should come out now slap themselves in public for being gullible

So what is different from what atiku proposed during his campaign when he said he was going to sell the refineries to private individuals (which is d right thing to do)..... Unfortunately, some APC subservient supporters read a complete different meaning to it....

Hmmmmmmm.........it is well.History will judge you and your boss MBuhari for telling Nigerians lies during your campaigns.Pastor my foot!

Remember your aged boss packaged those nonsense together in his manifesto back in 2015...promising heaven on earth. APC should be renamed to A.R.C (All Retrogressive Congress)...Bunch of failures.

atiku should be apologized to by these good for nothing government of the day. They called him unprintable names but now want to stylishly implement his idea. I shame for these people. Kai

This MBuhari and OfficialAPCNg exploited the gullibility of Nigerians in 2015, and 15 million gullible people fell for their lies, this is what atiku campaigned with and they were calling him thief, all liars are heading to hell.

It is still sme individual in government that don't want it to work fine

Buhari and co in this life will beg death to take them and death will say no, be alive but be suffering. Atiku proposed this in 2019 but they asked,for his head. Less than two years, see where we are.

Clear indication that this govt. never had a manifesto. It's clearly on trial and error. It took you five good years to tell us this.

After 5 years his realizing... what a genius 🤣

But government can give politicians allocation for PM's,dpk and ago respectfully.

then sell them off in goverment interest. and retain 49% stake

But govt can spend billions coming from oil😏😏🙄🙄🙄

Isn’t this our VP a prof & a pastor? The wisdom fa? 🤔

Rubbish talk

But having business with maintaining those uselessness refineries with trillions every year.

Funny clowns 🤡 😂

When Atiku said it you guys jumped on him like birds picking on fruits from a tree

When atiku said he was privatising we shouted a loud NO but now...

Yet they are busy running prices

This is what Atiku Said but u guys go against him. Look at yourself

But the president and his family are the head of the busi

After thought statement...the same Govt told nigerians that they will repair all the refineries and build 4 in 4yrs, what happened to their agenda they use in deceiving the people to vote for them in 2015?

Was that not Atiku told you guys? They've just gat no plan. Just keep gambling with Nigeria 🇳🇬.

One day we will explode this myth...when we start decapitating people for corruption. This lie has gone on for too long.

If an individual can own a refinery then the state government can own one too

Why is he always involved in things that incriminates him?

Or any other business for that matter, including Nigerian Railways

This excuse making government eh, Una Don ever take sense before? Na who come dey run am?

Please let ProfOsinbajo tell that to his boss MBuhari who also doubles Minister of Petroleum. When atiku said it you did not believe but the scales are fallen off your eyes now.

Atiku said this, but y’all came after him with repulsive verbosity.

I need money to pay my house rent. My landlord has been heart less despite knowing I lost my job due to the effect of covid-19. He has vowed to forcefully eject me this week. Please help me

How come I have never seen a single shell tanker truck passing any part of eastern road before. Okwa this we Nigeria e tire me

So what's the next step?

Naija Area, this our Political office holders are very tricky and funny

But the sale was cancelled

So you just realized that now🙄🙄🙄, coconut heat💁

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