In a Twitter post, the business mogul, described it as a brazen expensive adventure.
“The federal government should halt $1.5bn approval for the repair of Port Harcourt refinery and subject this brazen and expensive adventure to an informed national debate.”
The President and Founder, Anap Foundation, and Co-Chair, Agenda 2050 Steering Committee, also said the advice by experts that the refinery should be sold should be considered by the government.
“Many experts prefer that this refinery is sold…by the Bureau of Public Enterprises (BPE) to core-investors with proven capacity to repair it with their own funds.”
Daily Trust reports that a former Vice President, Abubakar Atiku, last week queried the $1.5bn approved for fixing the refinery, saying it should be probed.
He also suggested that the refinery should be privatised while the approved fund channelled for job creation.
You may be interested
NIMASA, Shippers’ Council collaborate to curb delay, corruption at portsWebby - April 23, 2021
The Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Shippers’ Council (NSC) are to implement joint measures to…
Merkel to face grilling in Germany’s Wire card probeWebby - April 23, 2021
Germany’s probe into the shocking collapse of payments firm Wire card reaches its climax on Friday, with Chancellor Angela Merkel…
Human Trafficking: NAPTIP seeks army partnership to boost capacityWebby - April 23, 2021
The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) has sought the partnership of the Nigerian army to…