Analysts have criticised the latest move to repair the refinery at a huge sum of $1.5 billion. The Federal Executive Council on Wednesday approved a fresh $1.5 billion for the rehabilitation of the Port Harcourt Refinery Company. This is coming after the federal government said it would no longer spend money on Nigeria’s four ailing refineries. Nigeria has in the past voted billions of dollars for the turnaround maintenance of its refineries with no success. Analysts have criticised the latest move as another wasteful exercise as they have advised the government in the past to privatise the refineries to make them effective. With concerns about the endless spendings on the refineries, here are things you should know about the PHRC: Before the coming of the Dangote Refinery, the Port Harcourt refinery was the largest refining company in Nigeria. It is located at Alesa Eleme, Port Harcourt PHRC is made […]