Atiku made the assertion in a statement posted on his Facebook page on Sunday, he stated that $1.5 billion was spent on the refinery at the end no petrol was produced. Pouring public funds into moribund refineries makes no economic sense,” Atiku said. “Paying billions of naira in salaries to facilities that do not produce a single litre of petrol does not serve the national interest.”
Atiku went further to state that he had repeatedly advocated privatisation of the refineries but was vilified and accused of planning to sell public assets to cronies.
Those Refineries exposed deep structural problems, including gaps in technical capacity, weak financial discipline and poor management., Atiku said.
Atiku advised against pursuing any new refinery agreements, including partnerships with foreign firms, warning that such arrangements would merely replicate failed models of the past.
Selling the refineries remains the best option, to avoid rising debt levels. he iterates
