Peter Obi says $1.5bn repairs for PH refinery a “Huge Waste”

A former Governor of Anambra State, Peter Obi, has described the approval of $1.5 billion by the Federal Government for the renovation of the Port Harcourt refinery as a huge waste.

Obi, who was the former vice-presidential candidate of the Peoples Democratic Party (PDP) said the approval of such an amount for refinery repairs in light of Nigeria’s economic situation is a huge waste, accusing the leaders of worsening the country’s situation by their financial rascality.

He said: “The news of the planned expenditure of a whopping $1.5 billion for Port Harcourt refinery repairs is worrisome to well-meaning Nigerians. In light of our precarious economic situation, it is a huge waste.

“Our country on life support, but sadly the managers of our affairs are worsening the situation by their financial rascality,” he said on Twitter.

Also Read: Fmr. Nigeria VP says $1.5bn for Rehabilitation of Port Harcourt Refinery Prohibitive

The Federal Executive Council’s had on Wednesday approved the plan by the Ministry of Petroleum Resources to rehabilitate the Port Harcourt Refinery with $1.5bn.

It would be recalled that Atiku Abubaka, the former vice-president had spoken in similar manner, describing it as unwise.