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Energy expert urges FG to divest from its four refineries
NG🏛️ Politics7 hr. ago

Energy expert urges FG to divest from its four refineries

An energy expert, Dan Kunle, has called on Nigeria's federal government to privatize the country's four state-owned refineries operated by the Nigerian National Petroleum Corporation Limited (NNPCL). In an open letter to President Bola Tinubu, Kunle criticized the refineries as 'diseased fingers' that have wasted public resources without providing reliable refining capacity. He argued that continuing to fund these refineries diverts money away from essential sectors like healthcare, education, and infrastructure. Kunle referenced past successful privatization efforts, such as the Eleme Petrochemicals complex under former President Olusegun Obasanjo, as proof that divestment can boost efficiency and attract investment. He emphasized the need for transparency in any privatization process, urging the inclusion of both Nigerian and foreign investors, including Chinese firms. His recommendations come amid ongoing investigations by the Economic and Financial Crimes Commission (EFCC), which recently recovered over N38.66 billion linked to refinery rehabilitation funds.

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Premium Times Nigeria logoPremium Times NigeriaIndependentCenterFactual 85Objective 757 hr. ago
Energy expert urges FG to divest from its four refineries

An energy expert, Dan Kunle, has called on Nigeria's federal government to privatize the country's four state-owned refineries operated by the Nigerian National Petroleum Corporation Limited (NNPCL). In an open letter to President Bola Tinubu, Kunle criticized the refineries as 'diseased fingers' that have wasted public resources without providing reliable refining capacity. He argued that continuing to fund these refineries diverts money away from essential sectors like healthcare, education, and infrastructure. Kunle referenced past successful privatization efforts, such as the Eleme Petrochemicals complex under former President Olusegun Obasanjo, as proof that divestment can boost efficiency and attract investment. He emphasized the need for transparency in any privatization process, urging the inclusion of both Nigerian and foreign investors, including Chinese firms. His recommendations come amid ongoing investigations by the Economic and Financial Crimes Commission (EFCC), which recently recovered over N38.66 billion linked to refinery rehabilitation funds.

Bias read (Center): The article presents the views of an energy expert calling for privatization of state-owned refineries, highlighting concerns about inefficiency and resource allocation. It does not exhibit overt bias toward either supporting or opposing the proposal but rather reports the expert's arguments and the

Why these scores (Factual 85 · Objective 75): Factuality is high as the article accurately reports the content of the open letter by Dan Kunjle, aligning with the cross-source consensus on the call for refinery privatization. Objectivity is slightly lower due to the use of emotive language like 'diseased fingers' and potential bias in emphasizi

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