The Peoples Democratic Party (PDP), Nigeria’s main opposition party has called on the Federal Government to ensure transparency in its planned acquisition of 20% stake in Africa’s largest refinery project, the Dangote refinery.

The call was made following the confirmation by both the Nigerian National Petroleum Corporation (NNPC) and top officials of the Dangote Group of plans by the Corporation to buy a minority equity stake in the Dangote Refinery.

In a statement issued by the political party’s National Publicity Secretary, Mr Kola Ologbondiyan in Abuja, PDP said it has nothing against any genuine and honest incentives for private refineries,” but we insist that such must not be used as avenues for siphoning funds from the national treasury.”

“The transaction must be made completely open, in terms of conditions for crude barter trade, duration, equity sharing and signatories among other things,” he said.

Ologbondiyan asked the National Assembly to take advantage of its oversight power on the Nigerian National Petroleum Corporation (NNPC) to ensure that the deal was transparent.

“The PDP insists that any process involving diversification of our national economic interest by the government must be made open, transparent and not be used as a conduit pipe for misappropriation,” he stressed.


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