Nigeria Plan Sale of Four State-Owned Oil Refineries Next Year
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Nigeria, Africa’s largest oil producer, plans to begin privatizing its four state-owned oil refineries before the end of the first quarter, Petroleum Minister Diezani Alison-Madueke said.
“We would like to see major infrastructural entities such as refineries moving out of government hands into the private sector,” Alison-Madueke said in an interview with Bloomberg TV Africa in London. “Government do not want to be in the business of running major infrastructure entities and we haven’t done a very good job at it over all these years.”