27 Days To Go: Why $1.5bn Not On New Refinery, Why PH Refinery’s Repair?

Platforms Africa, in this Report Until Something Happens (RUSH) series Recalls What GCEO, NNPCL, Mele Kyari said on why the company preferred to spend $1.5 billion on Port Harcourt refinery’s repair, instead of constructing a new refinery with the money   African Export-Import Bank (Afreximbank), as a reliable lender, agreed on April 24, 2021, to raise $1billion out of the $1.5 billion for the rehabilitation of the Port Harcourt refinery. In continuation of Platforms Africa’s countdown on the refinery’s repair and delivery by December as promised by officials, the poser…

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