Former Nigerian President Olusegun Obasanjo has shared insights into his administration’s efforts to address the inefficiencies of Nigeria’s three refineries—Port Harcourt, Warri, and Kaduna. He recounted his attempts to engage Shell to manage the refineries, offering various arrangements, including equity participation and operational management. However, Shell repeatedly declined his proposals....CLICK HERE TO CONTINUE READING.>>
Obasanjo revealed that in his persistence, he invited the head of Shell at the time to explain the company’s reservations. This move, he noted, was aimed at understanding the underlying issues and exploring potential solutions to improve the performance of the country’s refineries.
Thank you for reading this post, don't forget to subscribe!He said in an interview with Channels TV, “When I was President, I wanted to do something about the three refineries we had: Port Harcourt, Warri, and Kaduna. After I asked Shell to come and run them for us, Shell said they wouldn’t. I said, ‘Please, come and take equity.’ They said, ‘No.’ Then I said, ‘Alright, no, don’t take equity. Just come and run it.’ They still said, ‘No.’ Later, I called them, I called the boss of Shell then, and I asked him to come and tell me what the issue was.”…..For More READ THE FULL ARTICLE HERE ▶▶
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