
FG Moves To Privatise 4 Major Refineries
The Federal Government has disclosed that it is in talks with some investors to give up majority stakes in the government’s 4 refineries.
The disclosure was made by the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, during a discussion programme on Channels Television on Wednesday, September 9, 2020.
He revealed that the Federal Government wanted to implement an operating model in which the government-owned NNPC would be a minority shareholder in the assets. He said that the government wanted the LNG model for the refineries, where the private investors would operate and manage the refineries.…















