Ishaya Ibrahim, News Editor
For the former governor of Anambra State, Peter Obi, the plan to spend $1.5 billion for the renovation of the Port Harcourt refinery is nothing short of a financial rascality.
In a tweet on March 19, Obi said spending such an amount for refinery repairs in light of Nigeria’s economic situation is proof that the country’s leaders are not in tune with the country’s economic reality.
He accused 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.”
The Federal Executive Council on Wednesday approved $1.5 billion (N570 billion) for the rehabilitation of the Port Harcourt Refinery, a refinery with a combined production capacity of about 200,000 barrel of crude per day.