NIgeria to privatise the Oil Sector - All 4 Refineries

Despite the statements of various government officials including the Petroleum Minister, Diezani Alison-Madueke, President Goodluck Jonathan has no plans to and has not approved the sale of Nigeria’s four refineries, presidential aide, Reuben Abati, said on Thursday.

Mr. Abati also claimed the federal government had no plans to privatise the refineries.

Mrs. Alison-Madueke had while speaking in an interview with Bloomberg TV Africa in London in November said that the refineries would be sold.

About a week after Mrs. Alison-Madueke’s interview, Nigeria’s privatisation agency, the Bureau for Public Enterprises, BPE, said it was working with Mrs. Alison-Madueke’s petroleum ministry to privatise the refineries.

“We are working with the NNPC and Ministry of Petroleum Resources on the privatisation of the four refineries. We are just in the preliminary discussion with them and very soon, we will make public the work plan for the privatisation processes, including the engagement of advisers to advise us on the transaction,” Chigbo Anichebe, the spokesperson of the BPE said in a statement.

“Once the work plan is fine-tuned, hopefully by the end of the year or early January next year, the work plan as well as the schedule will be unveiled to all stakeholders, including the media.”

The statement by the two government officials directly related to the privatisation has now been faulted by Mr. Abati, who claims the president has no plan to privatise the refineries.  http://www.osundefender.org/?p=142797