The rehabilitation of the nation’s refineries in gulped N100 billion. The Nigerian National Petroleum Company (NNPC) Limited disclosed this in its 2021 performance report presented to the Federation Account Allocation Committee (FAAC) meeting disclosed this recently. The fund, said NNPC, was used to revamp the moribund refineries in the country, as N8.3 billion was spent every month for the purpose in 2021. The Federal Executive Council (FEC) had approved the sum of $1.5 billion for the rehabilitation of Port Harcourt refinery in Rivers state. The approval was announced during the 38th…
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