Business & Economy
Why Buhari Government Not Selling Refineries Yet – Petroleum Minister
- He said the Muhammadu Buhari administration cannot be blamed for the present state of the facilities as it inherited damaged refineries.
Minister of State for Petroleum Resources, Timipre Sylva, has disclosed why the administration of President Muhammadu Buhari is yet to embark on selling off the refineries, admitting that the Federal Government is not the best manager of the oil facilities.
The Minister spoke during an interview in a live programme of the Channels Television’ ‘Politics Today.’
“I will agree with you that government is not the best manager of refineries and that is why this time, we are actually going to have professional managers to manage the refineries; we are not going to manage the refinery at all,” Sylva said.
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Despite the submission, the minister believes it will not be out of place if the Buhari Government gets the refineries working before taking appropriate decisions.
He explained that the government does not subscribe to the idea of selling off the refineries in their present condition as such action would be widely criticised by citizens.
Sylva stated, “We believe that we should get the refinery back to life before we decide on the option of whether we are going to privatise or sell all the refineries.
“If we try to sell the refineries which you call dead refineries, you will be the one first persons to say we are selling dead refineries to people.”
Minister of State for Petroleum Resources, Timipre Sylva
He said the Muhammadu Buhari administration cannot be blamed for the present state of the facilities as it inherited damaged refineries.
Despite this, he said the government has decided to prove to Nigerians that the refineries can be fixed and put back into working condition.
After the refineries have been fixed, the minister believes Nigerians can then decide what to do about them.
“We want to sell live refineries; refineries that are working and I think that is the fairest thing for the government to do and that is why we have decided to get all our refineries working.
“We want to prove to you that we can get these refineries working,” he said.
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