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.
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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.