Atiku urges suspension of NNPC refinery deal with Chinese firms
Atiku Abubakar has called for the suspension and public scrutiny of the Nigerian National Petroleum Company Limited’s partnership with two Chinese companies. He criticized the deal, describing it as risky for Nigeria’s economic future and lacking transparency. Atiku Abubakar questioned the technical and financial capacity of Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd. He warned that such arrangements could further endanger the country’s refineries.
TLDR
- Atiku Abubakar demanded an immediate halt to NNPC’s “Technical Equity Partnership” with Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd.
- He alleged that the deal lacks transparency, technical credibility, and accountability.
- Atiku Abubakar argued that neither Chinese firm has proven experience in crude oil refinery rehabilitation or management.
- He raised concerns about Sanjiang Chemical’s financial health and questioned how it could revive troubled refineries.
- The former Vice President warned that the deal could lead to further waste and failed promises for Nigeria’s refineries.
