So, why spend on TAM again and when is it going to be put up for sale? With new private refineries underway, the future of State-owned refineries remains bleak having accounted for high deficit in NNPC’s operations. According to him, there is no hope that a Nigerian state owned entity could operate any commercial venture successfully. “Any arrangement that allows Nigeria to earn rather than lose from retaining ownership and control of the refineries is long overdue,” she added. “It will be the better if the Nigerian government completely takes its hands off the refinery business,” Ajibola said.

Source: The Guardian March 15, 2021 04:30 UTC