The Director Common of the Producers Affiliation of Nigeria (MAN), Segun Ajayi-Kadiri, has urged the Federal Authorities to relinquish management of the nation’s state-owned refineries, particularly these in Warri and Port Harcourt by both promoting or privatizing them.
He made this suggestion whereas showing on Channels Tv’s Politics In the present day on the first of July, 2025. In the course of the programme, Ajayi-Kadiri stated the refineries have change into a serious legal responsibility to the nation.
“For those who ask me, the federal government ought to simply promote these refineries. Give them to personal sector individuals who will run them effectively and be capable of ship. When one thing belongs to all people, it belongs to no person,” he stated.
Ajayi-Kadiri argued that these amenities have did not ship worth below authorities administration and ought to be handed over to personal operators for higher efficiency and outcomes.
Whereas the federal authorities started steps in 2024 to revive its 4 state-run refineries reaching partial restoration on the previous Port Harcourt and Warri crops work remains to be ongoing on the second Port Harcourt unit and the Kaduna facility.
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Ajayi-Kadiri criticized the extended state possession of those refineries, insisting it has solely deepened {economic} inefficiency and uncared for the capability of Nigeria’s enterprise neighborhood.
“These 4 refineries are a pure drain on the Nigerian economic system, and it isn’t truthful to the Nigerian individuals.
We must always have a scenario the place we’re in a position to converse fact to ourselves and encourage personal sector funding,” he added.
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