- Former President Obasanjo revealed that repeated attempts to privatize Nigeria’s refineries during his tenure were thwarted by corruption and inefficiency
- Shell declined offers to manage the refineries, citing small capacities, poor maintenance, and systemic corruption in the downstream sector
- Obasanjo contrasted the government’s inefficiency with Aliko Dangote’s private refinery, expressing confidence in its ability to succeed
Former Nigerian President Olusegun Obasanjo has opened up about the challenges his administration faced in attempting to privatise and rehabilitate the country’s refineries.
Speaking in an exclusive interview with Channels TV on Thursday, Obasanjo detailed the repeated setbacks that left the Port Harcourt, Warri, and Kaduna refineries underperforming and financially draining.
