Marketers Back Tinubu’s Call for Productive Refineries, Flay $7.3bn, 32-year Record Of Failure

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has thrown its weight behind President Bola Tinubu’s call for refineries that turn a profit rather than merely show signs of activity, even as it tore into more than three decades of what it described as unaccountable spending on the same plants.
In a report on Friday and signed by its special adviser on Media, Chris Odia, and national public relations officer, Dr Joseph Obele, the marketers’ association said $4.15 billion was allocated to the Port Harcourt, Warri and Kaduna refineries between 1993 and 2019, with a further $3.14 billion approved by the Federal Executive Council in March 2021 — bringing total d...