In the continuing efforts to revive the nation’s four refineries in Port Harcourt, Warri and Kaduna, the Federal government signed Memoranda of Understanding [MoUs] with China, India, Saudi Arabia and Russia. No doubt this move was informed by the lack of progress in all previous efforts to make the refineries to work. That our refineries which were built at great expense and expectation to meet our petroleum products consumption have not lived up to that has been a source of embarrassment. It is even more so when considered that Nigeria is in the league of the top ten hydrocarbon producers in the world with capacity to harness all aspects of the commodity. Nigeria continues to import refined petroleum products for its domestic consumption at great financial cost. Successive governments have tried to tackle this national malaise over the years but so far with very little positive results. In signing […]