The Federal Government has approved the sum of $1.4 billion for the rehabilitation of Warri and Kaduna refineries in Delta and Kaduna states respectively, in order to boost their production capacity. A breakdown of the funds approved by the apex government shows that $897 million would be expended on rehabilitation of the Warri refinery while $586 million of the fund would be invested in Kaduna refinery repairs works. Aside from that, it has also approved the acquisition of 20 percent equity in Dangote’s 650,000 BPD capacity petroleum refinery, giving the…
Read MoreBreakdown of $1.4bn Nigeria Approved for Warri, Kaduna Refineries Repairs
