The Department of Petroleum Resources, DPR, has said that the government has nothing to do with operating refineries, adding that they should be privatised.
DPR’s Mr Kanmi Deji who spoke on behalf of the Director of DPR, Mordecai Ladan, while answering questions from Journalists in Lagos on Thursday said Nigeria presently has four refineries located in Port Harcourt, Kaduna and Warri.
According to Kanmi, selling the refineries to individuals with financial capacity for funding production, will create more jobs for Nigerian youths.
“It bothers me whenever at some quarters people clamour that the refineries should not be sold. Then I ask, what have we achieved all these years that they have been unsold?”
He disclosed that presently, the refineries are functioning at 30 percent capacity.
“What have we gained now that the refineries are working below their capacities at 30 percent? We believe when sold, more people will have more jobs and Nigeria will stop exporting its jobs to other countries that have fully functional refineries,” he said.
Nigeria’s oil sector is not alone in the struggle for whether or not some of its assets should be privatised.
Recently, the power sector cried out over clamour from cabals asking the government to retake ownership of the sector.
Speaking on behalf of power stakeholders, the Association of Nigeria Electricity Distribution Companies , ANEDC recently kicked against returning the sector to the government.
ANEDC’s Executive Director, Sunday Oduntan, said the shortfalls of the power sector was as a result of the numerous challenges faced by it.
“Indeed, anyone who has been following the privatisation of the Nigerian Electricity Supply Industry, NESI, would recognise that the sector has been bedeviled by a number of challenges that would make the most hardened risk – seeking investor to run in the opposite direction,” he said.
“The absence of a cost covers regime, regulatory uncertainty, customer non-payment of their bills, limited to no access to financing, gas supply limitation, neglected and aging power turbines, among others,” he listed as part of the challenges of the power sector.
He said ANEDC does not believe that reversal of the privatisation is solution to the challenges of the sector.


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