AJULO ADEBORIOTA retweetledi

NNPC just signed another deal to rehabilitate the Port Harcourt and Warri refineries this time with two Chinese companies.
The refineries have was shutdown since May 2025 shortly after the govt announced its been rehabilitated and functional in late 2024. The government had already spent $1.5 billion on this repair attempts, which ultimately failed.
Even more concerning, this latest agreement is not yet finalised, not a single dollar has changed hands.
The real question is: What will actually make this one different and at what cost?
For over 20 years, successive administrations have poured millions of dollars every year into maintaining these massive facilities while they produced zero profit. Imagine the scale of that sustained
Obasanjo once bluntly stated that the refineries are outdated and beyond salvage, yet the govt keep wasting fund on them!
The country is cooked!
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