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$1.5bn Refinery Revamp Bill Can Build 12 Hospitals – Peterside

Friday, 2 April 2021

$1.5bn Refinery Revamp Bill Can Build 12 Hospitals – Peterside
Atedo Peterside

Founder of Stanbic IBTC Bank Plc, Atedo Peterside, has once again queried the Federal Government’s move to renovate the Port Harcourt refinery for $1.5bn.

He pointed out that the money could instead build 12 world-class hospitals at $125m dollars each.

Also Read: $1.5bn Refinery Repair: We Are Not Lying To Nigerians — Sylva

In a Twitter post on Thursday, he advised the government to instead sell the refinery to private sector investors that could rehabilitate it with their own funds.

“The $1.5bn earmarked for PH refinery rehabilitation by NNPC could build 12 world class hospitals costing $125m each – two in each geopolitical zone. We could then allow private sector core investors to purchase the refinery and rehabilitate it with their own funds,” he tweeted.

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via: Information Nigeria

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