SERAP Kicks Against $1.5bn PH Refinery Rehabilitation Cost, Threatens Legal Action

March 23, 2021
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Socio-Economic Rights and Accountability Project (SERAP) has kicked against the proposed plan to spend $1.5bn to repair the Port Harcourt refinery

The organization urged President Muhammadu Buhari to immediately suspend the plan until an impact assessment of the spending on critical sectors like education, health, clean water and safe roads, is carried out and widely published.

The federal government had last week unveiled plans to spend $1.5 billion to revamp the Port Harcourt refinery.

Minister of State for Petroleum Resources, Chief Timipre Sylva, told State House reporters in Abuja after the Federal Executive Council (FEC) meeting that President Buhari had approved the $1.5 billion for the rehabilitation of the refinery, which will be done in three phases of 18, 24 and 44 months.

But SERAP, in a chain of tweets via Twitter said, “Spending $1.5bn of public money to repair the refinery at a time of poor economic realities in the country and growing level of public debt would undermine the constitutional oath and commitments to provide public services and goods, and increase debt-servicing costs.”

See tweets:

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